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GBP/USD falling after Scottish referendum news
The initial reaction to the Scottish referendum news was barely a shrug, indeed GBP/USD actually rose slightly, but it appears a different mood prevails this morning.
The price has fallen sharply, back below $1.22, and is testing the lows of last week around $1.2130. Rising support from the flash crash lows of October could come into play, but it will need a push back above $1.22 to reverse the expectation of further losses. Below $1.21 the pair would target $1.2034 and then $1.1934.