RUSSIAN TENSIONS NOW WEIGHING ON GBPUSD
The British pound has turned lower against the greenback during the European trading session, as ongoing tensions between the United Kingdom and Russian governments worsens. The GBPUSD pair has quickly weakened back towards the 1.3930 level after the Russian foreign minister said he will soon expel the United Kingdom’s diplomats from Russia. Intraday pound sentiment is now turning bearish on the news, with sellers pressing towards the key 1.3920 level, which represents the pairs monthly pivot point.
The GBPUSD pair is intraday bearish whilst trading below the 1.3920 level, key support is then found at the 1.3889 and 1.3833 levels.
Should the GBPUSD pair manage to hold price-action above the 1.3920 level, buyers may test towards the 1.3966 and 1.4000 levels.