Breaking News: GBP/USD falls toward 1.29 as PM May cancels press conference

The GBP/USD pair erased more than 100 pips in a matter of minutes after Minister Nick Hurd announced that there wouldn't be a press conference by British Prime Minister Theresa May tonight. As of writing, the pair is trading at 1.2930, losing 0.35% on a daily basis. Earlier in the day, news outlets reported that May would deliver a statement at 17:00 GMT.