U.K. may not be expecting a deal
From a technical point of view, on a daily chart, GBP/USD is posting a pull back on a former rising trend line and is challenging its 50-day moving average (in blue). The daily RSI stands around its neutrality area at 50. Readers may therefore consider the potential for a new down move below horizontal resistance at 1.2440. The nearest support would be set at May bottom at 1.2065 and a second one would be set at set at horizontal support at 1.1950 in extension.
Source: TradingView, GAIN Capital