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GBP/USD Forecast: weighed by Brexit fears

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The British Pound is under selling pressure this Friday, weighed by the latest Brexit poll from You Gov, released earlier today. According to the latest data, the 45% is in favor of leaving the EU, while the 36% prefers to stay. The GBP/USD pair fell down to 1.4507, currently posting from that low, but trading in the red daily basis . Technically, the 4 hours chart maintains the bullish tone alive, given that the price has met support around a bullish 20 SMA that converges with the 200

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