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GBP/USD empowered by latest Scottish polls

One day before the the historic referendum on the question of Scottish independence, all the latest 3 opinion polls  show the  exact same majority for a No campaign when excluding the undecideds: 52% against and 48% in favor.  Given the undecideds, this is still too close to call, but the odds at the betting firms are now more heavily leaning towards a No vote, and the pound is strengthening as well.

Update:  a fresh poll shows a tighter margin of 51/49%.

GBPUSD September 17 2014 technical analysis after opinion polls show a No vote on Scotland

GBP/USD is on the move once again, making an  attempt on the 1.63 level. It already touched this level on the Chinese sugar rush, but couldn’t hold on to that level after the dust settled. But now, with odds standing at 5.25 / 1.25 and one company already paying out some of the bets  for a No, forex traders are gradually front running the result.

This is still very close to call, especially as it is an unprecedented event where also 16 and 17 year old youth can vote.

More on the big event:

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.