GBP/USD skyrockets and rises above 1.5100

FXStreet (Córdoba) - GBP/USD rose more than 200 pips in a matter of minutes building on post-FOMC gains as the dollar intensified losses amid thin liquidity following the Wall Street close.

GBP/USD broke above the 1.50 mark, triggering stops that fueled the rally toward a 12-day high of 1.5164 before retracing a noticeable part of such gains. At time of writing, the pair is trading at 1.5012, recording a 1.75% gan on the day.

During the European session, GBP/USD had printed a nearly 5-year low of 1.4634 and is now nearly 400 pips above that level.