British Pound Rises As Brexit Seems Very Unlikely

Dear Traders,

The British pound climbed more than 100 pips from our long-entry after latest polls show growing support for the Remain Camp in the June 23 referendum. As a result, the likelihood of a Brexit has significantly diminished and that’s currently helping the pound to regain some strength. We now see a next target at 1.4635 before a correction is becoming more likely. Above 1.4665 however, we see a higher likelihood of further upward swings towards 1.47.

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