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GBP/USD collapses to post 1.6330 as fresh 1-week low

posted by Avatar forexben 951 days ago in USD, GBP, Daily made popular 951 days ago

GBP/USD has fallen further in the European session after falling from 1.6500 level in Asian session. Cable has dropped 130 pips in the last hour from 1.6460 (MA200 hourly chart) to post 1.6330 as fresh 1-week low. Currently the pair is trading around 1.6330/40, posting 1.00% daily declines from opening price action.
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