Breaking News: GBP/USD plummets below 1.29 on rumors of no confidence vote

The GBP/USD came under a heavy selling pressure and fell below 1.29 after BBC's political editor Laura Kuenssberg tweeted out: " Senior tory tells me Brexiteer anger so high that seems likely there will be a call for no confidence vote tomorrow - letters going in."

At the moment, the pair is down 0.6% on the day at 1.2898.