The British pound slipped under 1.35 once again. The previous fall was related to mediocre data such as the trade balance, and this drop is also related to worrying signs for the British economy.

In between, GBP/USD made a rapid move above 1.35 thanks to the weakness of the dollar. Reports coming out of China said that the world's second-largest economy would slow or halt buying US bonds. Since then, authorities in Beijing cooled down the reports, allowing the dollar to recover.

However, if we look out at pound crosses, we can observe a rise in EUR/GBP and a fall in GBP/JPY, indicating that the problem is the pound.

So, what are the worrying figures?:

All in all, Brexit is causing prices to rise and high-paying jobs to move away. Will the pound continue falling?

GBP/USD currently trades at 1.3470. Support is close at 1.3460, followed only by 1.3340. Resistance is at 1.3560 and then 1.3615.