Cable extending gains as traders bet on “No”-vote

  • GBP/USD hit a high of 1.6385 earlier and dealers report that buying is coming mainly from leveraged names
  • Liquidity is expected to dry up soon, so we could see volatile moves in both direction
  • Given that short-term specs are now mostly long, downside looks more vulnerable
  • Key intraday support at 1.6345 and then 1.6300
  • Voting will finish at 22:00 BST
  • We will get the first numbers from 02:00 AM BST onwards
  • Final results are expected to arrive around 07:00 AM BST

The post Cable extending gains as traders bet on “No”-vote appeared first on www.forextell.com.

Leave a Reply