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The major economic event on 24th June 2016 that is the BREXIT has caused a drop of more than 1700 pips in a single day in theĀ GBP/USD pair. The Great Britain Pound suffered almost a free fall from the high of 23rd June 2016.The pair suffered the loss for more than 6 consecutive days which ended near the critical support level of 1.27800.Though the whole world economy was shattered by the sudden BREXIT news the pair managed to cease it decisive move near 1.27800 giving an ease to the mighty pound investor. From that critical support level, the pair managed to bounce back for 700+ pips just in 1 week!

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July 3rd, 2022

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