All eyes are nervously following today’s Brexit vote in the UK. After a bitter and hard-fought campaign, millions of Britons are voting on whether the country remains in the EU or exits it. Most polls show a neck-and-neck race between the Remain and Leave camps, so undecided voters will likely swing the vote and determine the final outcome. However, there is clearly a discrepancy between the polls and the market mood as market sentiment keeps leaning towards a victory of the Remain camp. The British pound keeps rallying all across the board.
Let us now take a look at the GBP/USD technical picture on the daily time frame. Another higher high has been made at the level of 1.4946 today, it might change once the votes from all over the UK are counted. So far bulls are in control over this market.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Global macro analysis for 23/06/2016:
All eyes are nervously following today’s Brexit vote in the UK. After a bitter and hard-fought campaign, millions of Britons are voting on whether the country remains in the EU or exits it. Most polls show a neck-and-neck race between the Remain and Leave camps, so undecided voters will likely swing the vote and determine the final outcome. However, there is clearly a discrepancy between the polls and the market mood as market sentiment keeps leaning towards a victory of the Remain camp. The British pound keeps rallying all across the board.
Let us now take a look at the GBP/USD technical picture on the daily time frame. Another higher high has been made at the level of 1.4946 today, it might change once the votes from all over the UK are counted. So far bulls are in control over this market.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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