The British pound will end the month with a decline.

The British pound is trading under pressure against the US dollar during the last trading week of 2017 amid continuing risks in connection with Brexit. The EU and the UK have completed the first stage of the negotiations, only the issue of concluding a trade deal between the Kingdom and the European Union has been left. Last week, British Prime Minister Theresa May stated that the date of the Kingdom’s withdrawal from the EU can be postponed, but only in an exceptional case and on the initiative of the parliament.

Technical analysis: The GBP/USD is trying to break through the support line of the converging triangle on H1. In the event that the price of the instrument will be able to gain a foothold below the level of 1.3350, this will be a signal of a possible continuation of the downtrend and a decline to 1.3330; 1,3300.

Fig. GBP/USD. The current price is $ 1.3348.

Alexander Sivtsov