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    GBP + June 23rd = Major Sterling Volatility


    GBPJPY, Daily        

    Forex markets hate uncertainty and this is nowhere better depicted than in the huge volatility there has been in the value of sterling over the last few weeks. The uncertainty surrounding the June 23rd EU Referendum has caused some big swings with GBPJPY topping the list closely followed by GBPNZD:


    Currency Pair High/Low 31 May Today’s Low/High     Difference
    GBP/JPY 163.88 149.45 -8.80%
    EUR/GBP 0.7572 0.7985  5.45%
    GBP/USD 1.4723 1.4114 -4.13%
    GBP/AUD 2.0435 1.9065 -6.70%
    GBP/CAD 1.9168 1.8031 -5.93%
    GBP/NZD 2.1883 1.9961 -8.78%
    GBP/CHF 1.4604 1.3615 -6.77%


    The next ten days to polling day could be even more volatile and therefore the rules of Risk Management and Trade Size are even more important than normal. Increased volatility means increased opportunity but also increased risk, always protect your capital.


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    Stuart Cowell

    Market Analyst 


    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

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