Home Breaking: GBP/USD stops triggered and breaks below 1.2800 ahead of Brexit vote

Breaking: GBP/USD stops triggered and breaks below 1.2800 ahead of Brexit vote

Published date: 15 Jan. 2019 | 17:12

GBP/USD is falling below 1.28 the figure as stops are triggered and liquidity is diminished ahead of the Brexit vote as traders who prefer to trade the outcomes of the vote move to the sidelines. GBP/USD has traded as low as 1.2771 in recent moments.

The vote is expected to take place any time from 7pm and here is what you need to know ahead of the event:

GBP/USD: Market positioning for ‘big majority’ Brexit-vote defeat, and that is where the money is for Bulls on alternative outcomes

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

View all posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.