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GBP/USD plummets below major support

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    With the US dollar mostly flat or mixed against other major currencies on Wednesday, the British pound once again took center stage as it extended its plunge due to increasing fears over the ramifications of a potential UK exit from the European Union, or Brexit. Sterling fell against the dollar, euro, yen, and others, to extend its recent losses after British multinational bank, HSBC, issued a stern warning on Wednesday that a Brexit would damage UK economic growth substantially and

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