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    Massive spike on the GBP

    The pound jumped as much as 1.5 percent against the dollar within seconds on Tuesday, as a gauge of expected volatility surged before the U.K. votes in just over two weeks on whether to remain in the European Union.

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     There was no specific information that could have moved the market so much. It’s likely that a lot of Stop losses have been hit, but it’s still a mysterious move. It’s likely that the situation may repeat ahead of the referendum, so being cautious is required. 


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