GBPUSD Slips on Brexit and New Lockdown Fears

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The British pound sterling crashed through the 1.3500 level of support on Monday’s opening.

The declines pushed the sterling down to the previous support level of 1.3300.

The move comes amid the ongoing Brexit talks which have once again hit an obstacle.

Over the weekend, the UK government announced new lockdown measures on a new Coronavirus strain.

The fundamentals are bearish along with the USD strengthening. This has, in turn, pushed GBPUSD lower just after prices touched 1.3600 last week.

For the moment, the declines could stall near the 1.3300 level of support. We could expect prices to trade flat within 1.3300 and 1.3500 levels in the near term.

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