GBP/USD < 1.43 and bounces 200 pips on Sunderland Leave
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GBP/USD < 1.43 and bounces 200 pips on Sunderland Leave

Boom: bigger than expected win for Leave in Sunderland sends GBP/USD temporarily below 1.43 and now we have a bounce to 1.44. Update: the bounce continues: already 300 pips from the lows.

Sunderland 51,930 38.66% 82,394 61.34%. This is wider than the 56% lead that was expected. In addition, it joins the Newcastle  upset. Remain won but with  a narrow margin of 51% against around 66% expected.

Follow:  EU Referendum Real Results Live Blog

It’s now  69% only for Remain according to bookmakers.

Looks like stops were triggered on GBP/USD – the falls are not that big on EUR/USD and others.

Leave is currently in the lead with 51% against 49%. This is according to  5 out of 382 areas reporting. It’s a long night.

And after the big collapse, we are back to 1.4555, around 250 pips from the  swing low of 1.4286.


GBPUSD on Sunderalnd crash


And a reminder of expectations:

EU Referendum first counties to report results

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.