BREAKING: GBP dives as EU readies legal action against UK

British pound is the worst performing major currency today. Declines accelerated after media reported that European Union will go to court with the United Kingdom. Situation relates to a bill recently passed by UK authorities that will allow the country to walk away from some parts of the Withdrawal Agreement reached last year. EC President, Ursula von der Leyen, is expected to issue a statement at 10:00 am BST on the matter. GBPUSD drops over 0.5% and trades at daily lows near 1.2840. Some risk-off flows could have been spotted on the equity markets as well.

GBPUSD is in a freefall today on the back of Brexit developments. Attention shifts to short-term support at 1.2830. Source: xStation5

24 April 2026, 3:58 PM

🔴Three markets to watch next week: all eyes on the Fed (24.04.2026)

24 April 2026, 3:46 PM

BREAKING: US Department of Justice Drops Probe Against Powell❗️Dollar slides along bond yields 📉

24 April 2026, 1:45 PM

Market Wrap: Indices try to recover on US-Iran negotiations hopes 🇪🇺 SAP surges 6% after earnings 📈

23 April 2026, 7:00 PM

Daily summary: Risk-off takes over 📉 US stocks plunge, while dollar and oil rebound sharply 💸

Forex

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