$850 in half an hour

Federal Reserve's Dennis Lockhart stated that a strong situation in the US economy indicated a possibility of a rate increase at Fed's summer meetings, and that three upcoming meetings would be unpredictable regarding a rate decision.

This statement immediately affected the GBP/USD currency pair. The pair's rate decreased by 85 pips in 30 minutes, which allowed to make up to $850, with trading one lot!

Statement by Fed's Lockhart

850

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