Pound Rallying Strongly into the New York Close, Hinting Bremain Ahead
Posted: Wed Jun 22, 2016 8:11 pm
The British pound has rallied strongly across the board against virtually all of its counterparts into the close of trading in New York. The move could have been triggered by some private polls conducted by major market players with the resources for that. Independent exit polls are allowed under British legislation as long as the results are not publicized before the close of the polling stations.
Currently the GBP/USD is trading around 1.4880, while the EUR/GBP is changing hands around 0.7645. Both rates are closer to the daily highs, indicating that some market participants might be taking on risk before the announcement of ... (read more)