GBP/USD: Bears in control amid Brexit drama, focus shifts to UK GDP

From fxstreet.com

The GBP/USD pair trades little changed around 1.2930 before European session on Monday. The quote came under pressure on Reuters report that the UK PM Theresa May rejects opposition’s appeal to UK-wide customs union, raising another bar for smooth Brexit process at home. Next in the investor's radar is fourth quarter UK GDP growth whereas developments concerning Brexit can continue playing background music to the moves. The fourth quarter (Q4) British GDP growth is likely to soften to 0.2% from 0.6% rise during the previous quarter. On a yearly basis, the growth figure may soften to 1.4% during the last quarter of 2018 compared to Q4 ... (full story)