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POUND DROPS BEFORE THE REFERENDUM

Pound loses value versus its counterparts, some weeks before June’s referendum.

The British currency is in a constant declination mode versus the U.S. dollar, since the 25th of May 2016, where the price performed a sharp fall from as high as 1.4738 to as low as 1.4350.

The buyers of the GBP/USD have been lately attempting to hold the price above the 1.4350 zone.

On the 3rd of June 2016, the pound made a sharp rise from 1.4395 to 1.4580, but still even such a condition was not enough to keep the currency upper.

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Monday, 06 Jun, 2016 / 1:45

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Source : http://blog.argusfx.com/2016/06/06/pound-drops-before-the-referendum/

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