GBPUSD started off this week with a slightly greater than the last week close on Monday and today traders will mostly concentrating on this pair as British Prime Minister Theresa May will be delivering a statement to lawmakers to the new Brexit offer. In the last hour, GBPUSD surged roughly around 50 pips at the start of the New York session as UK Government Spokesman confirmed that PM May will be settling out details of a new Brexit offer in a speech later today at 15:00 GMT. GBPUSD currently at 1.27356, will continue its downtrend at the negative Brexit release once 1.26850 support is broken.