Gbp Has Shown Weakness for Past Few Weeks

The Pound has been vulnerable these past few weeks. Britain is seeing some instability from a geopolitical stand point as Harry and his wife Meghan develop their new role with Queen Elizabeth II. So the monarchy has had a rough few weeks as of late and it is influencing the currency. EurGbp and GbpChf are interesting symbols to watch as this saga develops.

Does this movement have legs ? Apparently so, but it all depends on how the Coronavirus plays out and Britain's relationship with the European Union. Chf is strong now because of its historical safe haven status during times of crisis. This update was done during the London Session.

British Pound instability

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