Brexit Impact – Rise and Fall of the British Pound Explained
Posted: Mon Jul 18, 2016 11:11 am
This article was written by Aayush Jindal, currency analyst at Titan FX.
The Brexit event proved once again that the forex and financial markets are very unpredictable. Have you ever thought that the value of the GBP could depreciate with such a pace and trade even below the 1.3000 level against the US dollar?
The GBP/USD pair did surprise many traders recently after the Brexit news and fell from a high of 1.5000 to a 1.3000 low. Other pound pairs like GBP/AUD, GBP/NZD, GBP/JPY and GBP/CHF also weakened and lot and suffered heavy losses.
Going forward, will the GBP ... (read more)