GBP/USD Crashes to Fresh Lows Amid Brexit Fallout
The British Pound (GBP/USD) has hit fresh yearly lows following the Brexit vote. The move is attributed to commentary surrounding the triggering of Article 50, which marks the beginning of formal negotiations for the UK's exit from the EU.
The US Dollar's gains today are driven by exogenous factors rather than domestic economic data, which continues to weaken as indicated by the Atlanta Fed GDPNow Q3'16 growth tracker.