Brexit: GBP/USD has found a little support - Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Piotr Matys, EM FX Strategist at Rabobank, suggests that after having reached a 7 year low yesterday on Brexit uncertainty, GBP/USD has found a little support.

    Key Quotes

    “A ComRes opinion poll on the UK’s EU referendum has suggested that the Remain camp has a lead of 12 points over the Leave campaign. While this is in contrast to other polls which suggest the two sides are neck and neck, the lead of the pro-EU camp in the ComRes poll has declined by a substantial 6 points since a similar poll in January.

    ComRes conclude that the process of negotiating EU reforms has led to a narrowing of the gap between the Remain and Leave sides. While politics is the dominating theme for UK markets, the BoE’s Cunliffe reaffirmed the Bank’s cautious position yesterday by pointed out that the global and domestic expansion had been weaker than expected.”
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