Breaking: GBP/USD stops triggered and breaks below 1.2800 ahead of Brexit vote

GBP/USD is falling below 1.28 the figure as stops are triggered and liquidity is diminished ahead of the Brexit vote as traders who prefer to trade the outcomes of the vote move to the sidelines. GBP/USD has traded as low as 1.2771 in recent moments.

The vote is expected to take place any time from 7pm and here is what you need to know ahead of the event:

• GBP/USD: Market positioning for 'big majority' Brexit-vote defeat, and that is where the money is for Bulls on alternative outcomes