GBPUSD craters on Cox legal advice

GBPUSD tumbled to 1.30, erasing the whole gain from yesterday, following remarks from attorney general Geoffrey Cox that the latest agreement between May and Juncker (the reason the pair spiked higher yesterday) changes nothing in legal terms regarding the Irish backstop. His opinion may have already deflated any chances for May to win today’s vote in the parliament but as there is still at least 7 hours left, the pound might be in for a rough ride.

Mixed session for global equities, oil gains on stockpiles data
Oil surges as DOE report shows biggest stockpile drop since 2016
Wall Street edges higher, Trump targets social media companies
Crypto newsletter: Bitcoin triples its value this year
DE30 soars on Mnuchin comments
When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses.