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GBP/USD Brexit Bloodbath

From vantagefx.com

I’m speechless. The EU Membership Referendum has officially been called. The United Kingdom has left the European Union. On the Betfair betting exchange, when nobody is no longer willing to offer odds on a certain result winning, that means it has been decided. And that’s it! Heading into the office this morning, ‘remain’ was an unbackable short priced favourite and Cable was 1000 pips above its most recent swing low. The result of this referendum was meant to be a foregone conclusion. WRONG! If you read this blog each morning, you know that I like to look at markets from the viewpoint ‘on which side of the market ... (full story)

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  • Category: Breaking News