• Breaking: GBP/USD plummets below 1.1400 mark for the first time since 1985

Market news

16 September 2022

Breaking: GBP/USD plummets below 1.1400 mark for the first time since 1985

The GBP/USD pair extends the post-US CPI sharp retracement slide from a two-week high and remains under heavy selling pressure on Friday. The second straight day of a negative move - also marking the third in the previous four - picks up pace during the early European session and drags spot prices below the 1.1400 mark for the first time since 1985. 

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