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GBP/USD plummets to more than 3 decades as Britons support Brexit

pound Sterling

Yesterday’s trade saw GBP/USD within the range of 1.4743-1.4947. The pair closed at 1.4877, rising 1.15% compared to Wednesday’s close. It has been the 128th gain in the past 279 trading days. However, the major pair has lost 5.33% of its value so far in June, following a 0.92% drop in the prior month.

At 6:44 GMT today GBP/USD was losing 7.78% on the day to trade at 1.3720. The pair touched a daily high at 1.5018 during the early phase of the Asian trading session, or the highest level since December 16th 2015, and a daily low at 1.3231 during late Asian trade.

On Friday GBP/USD trading may be influenced by the following macroeconomic reports and other events as listed below.

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There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Paul

The author Paul