GBP remain one of the most riskiest currency to trade in recent time and unless the Brexit path is fully finalized we could expect volatile moves in GBP in near future. Today another news hit wires that the Scottish First Minister demanded a new referendum to be held in late 2018 or early 2019, so as a trader we have to be cautious while trading this currency.

From technical perspective, GBPUSD current sentiment remain bearish and since start of February 2017 this pair is slowly drifting down with very little buying interest. Next major demand level is at 1.200 and if that doesn't hold price could further down towards 1.1500 level.

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