GBP/USD: remains very vulnerable to Brexit still - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the GBP/USD pair fell to a fresh 4-week low of 1.2935, with intraday bounces afterwards being rejected by selling interest around the 1.3000 figure.

Key Quotes:

"The UK released the RICS report for July during the Asian session, showing that the overall house price balance fell from 15% to 5%, the lowest reading since April 2013. The Pound has been extremely vulnerable ever since the Brexit, and things are showing no signs of changing near term, with uncertainty over the economic future of the kingdom still weighing on the local currency. The UK will release its CB Leading economic index for July this Friday, but US Retail Sales will likely be more relevant when it comes to determinate the pair's direction."