FX.co ★ Why did the pound collapse?

Reports from the fields of Brexit negotiations led the pound to collapse. The parties failed to resolve their differences within the framework of the trade deal. At the same time, the European Union plans to file a lawsuit against the United Kingdom for disrupting the trade deal.

It is recommended to be wary when trading currency pairs with GBP in the near future, increased volatility is expected!

Best of luck in trading and control your risks!