| 27 Sep 2016 08:07 | Yahoo News |
The loss of wealth is due to the collapse of the value of the British pound, which fell from about $1.48 on June 22, the day before the referendum, to nearly $1.30.
more| 12 Aug 2016 05:54 | Bloomberg |
The pound fell 1.2 percent this week to $1.2911 as of 5:35 p.m. London time, and weakened 1.9 percent to 86.51 pence per euro.
moreThis adds considerable fear to the 'leave' side of the referendum; and as polls have filtered-in indicating a majority leaning towards leave, we've seen the British Pound sell-off in response. This has naturally led many to plotting a top-side GBP-play ...
moreThe implied odds of Britain voting to leave in the June 23 referendum rose to nearly as high as 50 percent Thursday on online betting market PredictIt, before dropping to the 35 to 40 percent range Friday.
more| 10 May 2016 03:15 | Investing.com |
The GBP/USD is still moving lower as it is paving the way toward the 38.2% Fibonacci retracement 1.4310. Both the inflation report and 'BREXIT' put pressure on the pound as policymakers' views on monetary policy are now mixed.
more| 16 Apr 2016 14:07 | Exchange Rates UK |
Despite trending higher this week, the British pound to euro rate (GBP/EUR) outlook stays under pressure as foreign exchange markets react to the growing threat of a Brexit.
moreThe British pound is in a full-blown crisis, proving a couple of points: First, it appears that Europe's troubles aren't behind it, and second this shows that political confusion and dysfunction extend beyond the pond.
moreGBPUSD - Retail forex traders remain aggressively long the British Pound versus the US Dollar, and a contrarian view of crowd sentiment leads us to believe that a test of key GBP/USD lows remains likely. The number of open long positions outnumber ...
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