GBP/USD hits fresh 5-month lows as UK FinMin Hammond ‘prepared to resign’

Dhwani Mehta FXStreet

The pound is seeing some fresh selling interest across the board following the latest reports that the UK Chancellor of the Exchequer (Finance Minister) Hammond is prepared to resign due to his disagreement over the Prime Minster May's spending plans.

The GBP/USD pair dropped from near 1.2545 region to hit fresh 5-month lows of 1.2514 on the above reports.

Key Levels to watch

GBP/USD

Overview
Today last price	1.2523
Today Daily Change	-0.0011
Today Daily Change %	-0.09
Today daily open	1.2534

Trends
Daily SMA20	1.2666
Daily SMA50	1.2855
Daily SMA100	1.2975
Daily SMA200	1.2937

Levels
Previous Daily High	1.2606
Previous Daily Low	1.2532
Previous Weekly High	1.2759
Previous Weekly Low	1.2579
Previous Monthly High	1.3178
Previous Monthly Low	1.2559
Daily Fibonacci 38.2%	1.256
Daily Fibonacci 61.8%	1.2578
Daily Pivot Point S1	1.2509
Daily Pivot Point S2	1.2483
Daily Pivot Point S3	1.2434
Daily Pivot Point R1	1.2583
Daily Pivot Point R2	1.2632
Daily Pivot Point R3	1.2658

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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