1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

EU Referendum Watch: GBP/USD shows signs of life amidst uncertainty

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    The heavily-shorted pound has come back to life in the past three trading days. It has been lent buoyancy first and foremost by profit-taking from those who had sold the currency at much higher levels when the risks associated with the possibility of Britain leaving the EU were still under-priced. While the so-called “Brexit” risks haven’t exactly diminished as the polls are still very tight, it is possible that this potential scenario may be mostly priced in. In addition, today’s stronger UK

    Continue reading...
     

Share This Page