The British pound is coming under renewed downside pressure against the US dollar on Wednesday due to political uncertainty in the United Kingdom. The GBPUSD pair is heavily bearish while trading below the 1.3064 and may weaken towards the 1.2990 level. If buyers hold price above the 1.3064 level the GBPUSD pair may drift back towards the 1.3100 resistance level.
The GBPUSD pair is heavily bearish while trading below the 1.3064 level, key support is found at the 1.3039 and 1.2990 levels.
If the GBPUSD pair trades above the 1.3064 level, key intraday resistance is found at the 1.3100 and 1.3135 levels.
