Global macro overview for 14/06/2016:
Another ICS poll data was revealed yesterday. As leave takes six-point lead, so the risk aversion remains the prevailing sentiment for yet another week. Financial markets are clearly getting nervous with the latest UK polls released over the weekend, showing stronger momentum and possibly even a continuous lead for the pro-Brexit camp.
The recent polls data:
ORB/Independent online poll: 45% for remain in the EU, 55% for leave (prior 49% for remain in, 51% for leave)
Sky News: 47% for remain in the EU, 53% for leave
Opinion poll: 44% for remain in the EU, 42% for leave (prior 43% remain, 41% leave)
YouGov Times poll: 42% for staying in the EU, 43% to leave (prior 43% for staying in EU, 42% to leave)
Let's now take a look at the GBP/USD technical picture in daily time frame. The possibility of the UK voting to leave the EU in next week's referendum (June 23) pushed the pound to a new two-month low of 1.4118 yesterday. The golden trend line was violated and tested from the below, so now bears are in full control over this market. The next support is seen at the levels of 1.4113 and 1.4000.