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Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / Investors believe in the Pound. Overview for 22.06.2016
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Investors believe in the Pound. Overview for 22.06.2016

The GBP/USD pair is trading to the upside on Wednesday evening; the market is not afraid of the countdown to the referendum.

The British Pound was nervous in anticipation of the June referendum too long to jig up and down in excitement right now, when it’s less than 24 hours left until brexit. The pair is slowly growing; the current quote is 1.4720. Right now, the instrument is very close to May’s high.

There is too much ado about the referendum. Judging by different polls and surveys, external conversations, fears, and doubts mislead the Brits over and over again. At the moment, in less than a day before the voting that was guaranteed by David Cameron, the Prime Minister of the country, the two scales, the Outers and the Remainians, hang almost even. It wouldn’t be appropriate if such important issues left to chance.

The brexit topic has been on the front pages of newspapers and newsfeeds for the last 8 weeks, there have been several televised debates featuring politicians of different levels. The consensus of opinion is still not clear: some worry about financial problems, the others no longer want to be the European Union’s appendix. Both parties have unconditional rights for their own points of view.

However, if the United Kingdom exits the EU, the world will be significantly shaken, at least for a moment, no doubts about it. But right now, investors’ sentiments are absolutely neutral; there is no keen interest to “safe haven” currencies and assets. The Brits, it’s your move.
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