We have refrained from trading GBP these past couple of weeks due to the volatility however GBPCHF technically setting up as are other GBP Markets for further downside. As we have seen this week although PM May had her agreement passed however, her cabinet are now resigning showing a lack of support for the draft agreement. This has led to downside for the GBP and we expect this to continue as the country is so divided over BREXIT and the terms on which the UK leaves the EU we can only see downside in the near term. Technically the market is testing structure resistance and the moving averages and could see further downside here into the key support of 1.2640.