GBP/USD extends slide after EU summit to fresh weekly lows
Pound losses strength after EU summit and prints new daily lows across the board.
Cable hits lowest since October 9, near 1.3050.
The GBP/USD pair dropped further during the last hours and extend losses. It reached 1.3057 and rebounded modestly. It was hovering under 1.3070, still under pressure.
The move to the downside took place amid a stronger US dollar and particularly on renewed weakness around the pound following the end of the European Union summit in Brussels. UK PM Theresa May explained that a longer transition period could help solve the Irish border issue. European Union officials consider that a longer transition will probably take place.
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