GBP/USD falls below 1.3500 amid worsening UK’s energy crisis

Awaiting the end of the North American trading session, the British pound has fallen again during the trading session on Wednesday, to crash 1.35.
The GBP/USD pair crashes below 1.3500, down by 0.84%, and is trading at 1.3422. The pair has not been able to recover since Tuesday’s collapse of almost 200 pips, extending the losses to nearly 2% in just two days.
The British pound has fallen again during the course of the trading session to show signs of weakness once again. The market is likely to continue going much lower, and therefore it is believed that a move down to the 1.3250 handle could be seen and could be even followed by a move down to the 1.30 level.
The British pound’s collapse below 1.3500 took place despite upbeat market sentiment. Surging natural gas prices and shortages of petrol and truck drivers in the UK, are among factors impacting the GBP/USD pair.