GBP/USD quickly advancing on new 9-month low…

The GBP is rapidly falling and soon to approach a fresh, 9-month low against the USD dollar which was set yesterday at 1.5189.

This downward fall is due to the pair (GBP/USD) recently breaking through the 1.5240 support.

We can report that Valeria Bednarik who is an independent analyst for FXStreet.com that:

“The pound remains under selling pressure, weighed [down] by rumors of an early election in the U.K. after earlier GDP positive revision give the U.K. government the chance to claim the economy is on the way to recovery,”