Lawmakers in the UK called for Theresa May to resign by June 30th as she prepares to deal with a fourth vote later in the month. But the opposition Labor party has vowed to block the deal as the ruling Tory party prepares for potential candidates vying for the seat at 10 Downing.
Can the GBPUSD Continue the Declines?
The GBPUSD fell to a 4-month low on Friday. The steep declines saw prices testing the lower support at 1.2716. The Stochastics oscillator indicates oversold levels currently. While it is too early to tell, watch for a higher low to form near the current levels. To the upside, the initial target is seen at 1.2895 followed by 1.2975.
