The pound fell to a three-week low, after a message came out that Theresa May is considering resigning as a leader in her own party.
The pound fall against most currencies, amid the unstable premier mandate. The prime minister's political messages were overshadowed by the hearing more than 30 legislators in the country are ready to sign a letter for Theresa May's resignation. The result is a drop of 0.55% to $1.3175.
On the other hand, according to CFTC data, net long positions in pounds have risen and there is an increase in short positions.
Our intraday expectations are GBP / USD to test the horizontal support levels of $1.3150, which coincide with the 50SMA dynamic support.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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