British Pound

GBP/USD Experienced a Sharp Plunge Driven by USD’s Strength

GBP/USD Hourly (H1) Chart
GBP/USD Hourly (H1) Chart

GBP/USD: The pair experienced a sharp plunge driven by broad-based USD’s strength in the global market over spike in safe-haven demand. While price plunged below 1.22 handle earlier in the day Pound bulls managed to reclaim hold above the 1.2300 mark as USD held firm rather than build a rally on its safe-haven demand backed strength in broad market today. 

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