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Following UK Prime Minister Theresa May's comments on Sunday, the pound went into free-fall throughout yesterday's session as investor concerns mounted over the prospect of a "Hard Brexit", pushing the GBP/USD cross down to the low $1.21's.
GBP/USD graph
It looked as though yesterday's trend would continue into today. However, investors and traders are now starting to turn their attention back to the U.S. and President-elect Donald Trump.
Trump is due to hold a press conference tomorrow and markets are becoming more and more nervous about his plans once he gets into office.
His promise to cut taxes and increase spending in order to boost growth, could have a huge impact on the future actions of the Federal Reserve. Any hints about these policies from Trump tomorrow could have an immediate impact on the value of the dollar, so we could see some heightened volatility.
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