Breaking News: GBP/USD plummets as BBC confirms UK PM May's Statement

The BBC recently announced that British Prime Minister Theresa May is going to make a live statement at 12:45 GMT on the government's Brexit policy. The initial market reaction to this development pulled the GBP/USD pair to a fresh session low at 1.3150. As of writing, the pair was down 0.75% on the day at 1.3165. 

Earlier today, in an interview with BBC 2, British Brexit Secretary Raab said the European officials' behaviours at the Salzburg summit was not "very statesman like," and added that PM May was treated badly during the meetings.