GBP/USD will continue to trade lower in the following days

The pair will continue to trade lower in the following days. For his first visit after the UK’s withdrawal from the European Union, Conor Burns visited the state of Texas. The UK minister of state for trade policy said Texas is a “beacon” of free market capitalism. The comments came after he said the United Kingdom is now open for business. Britain’s withdrawal from the EU allows it to make bilateral trade agreements with other countries without the supervision of Brussels. The US-UK trade agreement will be the first for the United Kingdom in more than 47 years. Meanwhile, the National Institute of Economic and Social Research (NIESR) gross domestic product (GDP) for January will be sluggish. This was amid uncertainty surrounding the Brexit deal between the United Kingdom and the European Union before the Brexit. Analysts are also anticipating the country to have slower growth as its transitions to be an independent country.