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    Forex News from New Forex: The pound takes off before the referendum

    The pound sterling gains ground in the trading on Monday, June 20. Recent opinion polls show that UK citizens are prone to staying in the EU. However, the final decision will be known on June 23. The currency instrument pound/dollar picked up 1.92% to 1.4628, a 3-week high. The pair euro/pound edged down to 1.36% to 0.775.

    The US dollar declines after the decision to keep the interest rate unchanged. The pair euro/dollar climbed 0.54% to 1.1335. The Canadian dollar managed to rise 0.59% to 1.2816 amid the increase of oil prices.

    European markets stand in the green zone as concerns over the possible Brexit have weakened. The UK’s FTSE added 2.47%, the German DAX edged up 3.25%, the French CAC rose 3.19%. The pan-European index STOXX 600 increased by 3.28%.

    Asian markets are at a high ebb as well. The Japanese Nikkei, Topix and JPX-Nikkei Index 400 gained 2.3%. Hong Kong index Hang Seng rose 1.7%, China Enterprises Index 1.8%.

    NewForex Analyst

    Luigi Campo

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