Brexit Pain and Why British Pound May Tumble to 1.2500
Posted: Tue Oct 04, 2016 6:25 pm
This article was written by Aayush Jindal, currency analyst at Titan FX.
The British pound declined to a new 31 year low versus the US dollar due to Brexit cementing its place, and it looks like the GBP/USD pair is positioned for more declines.
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No doubt, the Brexit impact is causing a lot of pair to British pound traders, and it may continue to put a lot of pressure until things settle down. This week we saw the sterling tumble and create a new 31-year low, surprising many traders.
I was ... (read more)