Losses extend to more than 100 pips
EUR/USD and GBP/USD buyers tried to step in after the fix but they weren’t able to hold back wave after wave of selling.
Cable is being hit particularly hard as it quickly crumbles to the lowest in two weeks. Buyers might take another stab ahead of 1.3667.
This article was originally published by Forexlive.com. Read the original article here.