Trading the Brexit polls - Forex News by FX Leaders

Trading the Brexit polls

Posted Monday, June 6, 2016 by
Skerdian Meta • 1 min read

The US Dollar is unchanged or lower aginst most pairs today, except the British Pound. The Pound is more than 100 pips down today against the Dollar and at some point this morning, it was 150 pips down. The reason for this are the Brexit polls. The leavers are on top once again and the Brexit fears kicked up. That´s what sent the Pound tumbling. But, it will only take another round of polls to change everything upside down in an instant.

GBP/USD tumbled 150 pips lower overnight

This is a dangerous game so we´re trying to stay out of GBP pairs. I mean, if we see a really good opportunity we will open a signal but we´ll be very careful. The GBP pairs have been volatile recently and are expected to get even more volatile. But even in volatile times there are ways to outsmart the market and be profitable. The Brexit referendum date is approaching and the polls will get even more frequent with results flipping from one side to another, but with the right forex strategy can never be wrong.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of