GBP/USD opened almost 2 % lower on Sunday, at 1.3440, compared to Friday's close at 1.3650. Markets are still pondering about the impact of the Brexit last week and uncertainty remains high, which means that volatility is very likely to stay at elevated levels in the coming weeks. EUR/GBP started the new trading week at 0.82, up 100 pips from Friday's close, while GBP/JPY gapped 250 pips lower.
EUR/USD fell at the open as well, as it started at 1.1020, down roughly 70 pips from Friday's close. USD/JPY caught a bid in the early session as Japanese officials warned that they will take action if the JPY strengthens sharply, but it later reversed all of it gains and fell back to 101.60.
AUD and NZD fell amid the risk-off sentiment in markets and are both down almost 1 % on the day against the US Dollar.
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