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EU Referendum Watch: GBP/USD slides to 1.40 as Brexit risks mount

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The June 23 referendum on whether the UK should remain in the European Union may still be more than two months away, but investors are evidently continuing to hedge their exposures and largely avoiding UK assets. The FTSE 100 has barely moved in the past five and a half weeks, while sterling has been pounded across the board, falling even against some of the weakest currencies. Against the dollar, the pound came to within spitting distance of the psychologically-important and long-term support

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