FOREX analysis GBP/USD. The Pound is very volatile

gbp-l3GBPUSD has been swinging for the third consecutive trading session; British policymakers are in the spotlight.

The British Pound resumed falling against the USD on Thursday morning, although yesterday it was doing pretty fine. The current quote for the instrument is 1.2621.

After the voting on the Brexit agreement between the United Kingdom and the European Union in the British Parliament was cancelled earlier this week, the Pound became more active. Now investors are following the story with the vote of no confidence in the British Prime Minister Theresa May from The Conservative Party. By the way, May has been the leader of the Conservative Party since 2016 – this fact should explain how serious the current situation is and what harm it may do to the UK and its national currency.

Right now, May is putting everything at stake: she’s ready to withdraw from next elections in order to gain as much support from British policymakers as possible here and now. It looks as if she is the only person in the UK, who really cares about the Brexit: everybody else just took part in the referendum and then forgot about everything. .

Unofficial data says that May is currently supported by approximately 200 policymakers, while the vote of no confidence requires 159 votes. The more policymakers say “Yes”, the better for May and the all-British plan to exit the European Union. Updated data may be published as early as today.

So far, the Pound remains highly volatile and market players will perceive any Brexit-related news very aggressively.

Orgin: RoboForex

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