Fresh lows for cable as pound decline accelerates
GBP/USD falls to a low of 1.2119 in a quick 35 pips drop
I don't think there's much else left to say that hasn't already been said. Price now closes in on the March 2017 low @ 1.2110 in quick drop before the start of European trading.
The chart is still looking ugly and as mentioned earlier, this isn't the right time to go picking at a bottom in price action.
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