The GBP/USD pair fell to a fresh multi-year low of 1.3964 as Investors continue to scared out of Sterling positions due to Brexit fears. Eyes Brexit related news flow Sterling remains at the mercy of the Brexit related news flow, given the absence of a major economic data release in the UK. Brexit polls, whenever they pop up on the wires, are likely to result in a heightened volatility in the GBP/USD pair. Later in the day, the US preliminary services PMI figure and new home sales figure could influence the pair. The spot currently trades around 1.3970 levels. GBP/USD Technical Levels The immediate resistance is seen at 1.40 (psychological level), above which the pair could re-test Monday’s low of 1.4057. On the other hand, a breakdown of 1.3964 (daily low) would open doors for a slide to 1.39 levels. For more information, read our latest forex news.