Forex | Forex | Pound collapses: GBP/USD plunges below 1.6500 (30/06/2009 14:21:00)

Pound collapses: GBP/USD plunges below 1.6500

FXstreet.com (Córdoba) – Dollar continues with strength in the market. GBP/USD is falling sharp and fast. The pair dropped below 1.6520 and fell to 1.6426 in a few minutes, achieving a fresh intra-day low. During the Asian session the pair reached an 8-month high at 1.6745, since then it has accumulated a loss of more than 300 pips. So far today, the pair is 0.75% below today’s opening price. Cable is also falling in the last hours against the Yen and the Euro.

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