Trading the Brexit polls
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.