Breaking: GBP/USD plummets to sub-1.2500 levels amid doubts over further BoE rate hikes

The GBP/USD pair continued its struggle to make it through the 1.2600 round-figure mark and witnessed a dramatic turnaround during the early part of the European session on Tuesday. The steep intraday slide dragged spot prices back below the 1.2500 psychological mark, or a fresh daily low in the last hour.