GBP/USD slips off the 1.32 level as Trump says he'd like to see a hard Brexit
|- Trump comments on Brexit see the Pound shift lower in Friday's early market window.
- Brexit headlines have been a thorn in the GBP's side this week, with political contentions seeing key Brexit ministers resigning in protest.
The GBP/USD is knocking lower in early Friday trading, testing into 1.3170 following Brexit comments from US President Donald Trump during his visit to the UK.
Trump has stated that he would like to see a hard Brexit scenario, as Prime Minister Theresa May's current 'soft-Brexit' proposal would "probably kill" hopes of a US-UK trade deal, according to Trump. The US President also lamented to UK media outlets that PM May failed to take his advice on current Brexit negotiations, and Trump is dangling the potential for trade difficulties between the two nations if the UK maintains trade ties with the EU. The Sterling lost the 1.3200 handle on the news, and is slipping lower in the low-volume overnight session.
GBP/USD levels to watch
The Sterling has been trading into the downside this week, as Brexit political struggles hamper the GBP. The pair peaked at 1.3360 on Monday, a one-month high for the GBP/USD, but renewed Brexit concerns, and broader market sentiment flubbing on trade tensions, has seen the Sterling head back into bearish territory, with the year's low close by at 1.3050.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.