GBPUSD sinks below 1.27

GBPUSD keeps declining and has just dropped below 1.27  for the first time since January. Investors are nervous as the PM Theresa May tries to convince her cabinet to vote for her Brexit deal but has already been warned against further concessions in the customs union area. GBP will be one of the most interesting currency to watch in the context of euro parliament elections that will take place this Sunday. So far the GBPUSD has been collapsing for 6 straight trading days.