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GBP/USD on a tear after latest ORB poll, testing 1.47 handle
GBP/USD continues to trade on a heavy demand tone, testing the 1.47 handle after a NY close at 1.4630, with the latest latest ORB poll (phone-type) on Brexit, showing a stay in 51%, get out 46%, being the main driver of the Sterling at present. Bremain has upper hand based on recent polls The aggressive move seen in the Pound has become a common pattern every time a poll comes out, with market participants engaging in heavy demand for the Pound recently, as the outcomes of these polls seem to suggest that the Bremain campaign is gaining further support. GBP/USD technicals Valeria Bednarik, Chief Analyst at FXStreet, ... (full story)
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