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The pound was caught between a rock and a Hard Brexit, and the accident waiting to happen did eventually happen. GBP/USD plunged under 1.20 before bouncing back, but the story is far from over, as there are good reasons to see this pound pressure continue. It is not only low liquidity, thin trading volume or a fat finger that broke the back of Britain’s currency.

This page features  every related update: from the background,  through the various warnings, and through the aftermath. Note that pound crosses may react quite differently to this event. All the updates are right here:

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