The British pound is gathering downside momentum against the greenback on Monday, with price-action falling well below the 1.4100 level. The GBPUSD pair is currently trading around the 1.4070 level, which remains close to the current intraday price-low, at 1.4061. The sell-off in the pound is largely due to growing unhappiness inside the ruling Conservative party, over British PM Theresa May’s handling of Brexit negotiations with the European Union.
GBPUSD selling is likely to gather momentum while trading below the 1.4082 level, with sellers aiming towards the 1.4041 and 1.4000 levels.
If price-action can move above the 1.4082 level on the GBPUSD pair, buyers may test towards the 1.4109 and 1.4171 levels.
