Having collapsed to the lowest level since April 2017, the GBP/USD pair recovered swiftly and rallied around 250-pips intraday to finally end the day with modest gains. The early flash crash was on the back of safe haven-fueled interest in the US Dollar, which came after Apple lowered its revenue guidance due to slowing iPhone sales and weakness in China. The greenback, however, failed to preserve early gains and came under some renewed selling pressure, which was eventually seen as one of the key factors that helped the pair to stage a solid rebound. READ MORE...