The British Prime Minister is making a bid for the Brexit deal. Boris Johnson is in the US on the sidelines of the UN general assembly. Johnson will be speaking a number of his counterparts including Germany and the EU Council President Donald Tusk. Meanwhile back home, Jeremy Corbyn’s Labor party will be taking a vote on whether to back the idea of the UK staying in the EU.
GBP/USD to Maintain Bearish Momentum
The GBP/USD currency pair continues to extend declines. This comes after price action broke out to the downside from the ascending wedge pattern. The near-term support area of 1.2370. Any upside gains will be capped near the resistance area of 1.2511.
