TenkoFX - Analytics

    TenkoFX

    415.75 7.25/10
    68% of positive reviews
    Real

    GBP continues to trade volatile dictated by UK referendum polls - BNZ Sandeep Kanihama

    Kymberly Martin Senior Market Strategist at BNZ, suggests that the GBP continues to trade a volatile path dictated by UK referendum polls.Key Quotes“A couple of polls released by ICM in the early hours of this morning showed ‘Leave’ ahead by 5 percentage points. Meanwhile betting sites still favour ‘Remain’ by a large margin. The GBP/USD traded a spiky 1.5% range overnight. It now trades at 1.4210.Recall, in late February when ‘Brexit’ fears were heightened, the GBP/USD traded down to lows of 1.3840. It seems fairly certain the GBP has plenty further capacity to fall if a ‘Brexit’ vote prevails next week. Equally, a knee-jerk relief jump will occur on a ‘Bremain’ result.”


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree