#firstdealofthenewyearastylz Brexit has significantly impacted forex economic trends, particularly the GBP/USD currency pair. The referendum's outcome led to a sharp decline in the pound's value, with the GBP/USD exchange rate falling by over 10% in the days following the vote.¹ Several factors have contributed to the volatility of the GBP/USD currency pair, including: - *Trade Agreements*: The UK's decision to leave the EU has created uncertainty around trade agreements, leading to fluctuations in the currency pair's value. - *Interest Rates*: The Bank of England's decision to lower interest rates to stimulate economic growth has impacted the pound's value. - *Economic Data*: The UK's slower economic growth compared to the US has put downward pressure on the pound's value. - *Political Uncertainty*: The ongoing negotiations between the UK and EU, as well as changes in leadership, have contributed to market volatility. - *COVID-19 Pandemic*: The pandemic's impact on global trade and economic activity has also affected the GBP/USD currency pair's value. To navigate these challenges, forex traders must stay informed about developments in these areas and adjust their trading strategies accordingly.