Brexit odds are rising: GBP/USD is crashing, things are looking cruel as more votes for leave are gaining ground. The initial big fall came from Sunderland after a push from Newcastle. Since then, the pound found some stability but fresh results push things lower. Update: UK leaves the EU – it is official – expect more crashes The low so far has been under 1.40: 1.3998 to be precise. Update: from here we had a fall to a low of 1.3296. After the big fall, cable bounced back up to 1.42 but does not seem to provide a more meaningful momentum. Things are quite wild here with a total fall of 4.4% that is not seen every day. So, to answer the question on top: if you are confident in Brexit, perhpas it is wise to do at least one of the following: Trade with extremely limited leverage: Your broker will do that anyway and it’s good advice in such crazy situations. Wide stops: Bounces are crazy are tou don’t want to lose out on an odd report from a small area. Wait for a bounce: the 1.45 handle was an area the pair settled for some time. Update: Bounces above 1.40 could be opportunities. Another update: the post crisis low of 1.35 could be another level to short heading to the new low of 1.3296 and perhaps even lower. Follow: EU Referendum Real Results Live Blog Here is the chart that may already be antiquated: 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. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next Brexit on the verge of victory – GBP/USD to 1.30? Yohay Elam 6 years Brexit odds are rising: GBP/USD is crashing, things are looking cruel as more votes for leave are gaining ground. The initial big fall came from Sunderland after a push from Newcastle. Since then, the pound found some stability but fresh results push things lower. Update: UK leaves the EU - it is official - expect more crashes The low so far has been under 1.40: 1.3998 to be precise. Update: from here we had a fall to a low of 1.3296. After the big fall, cable bounced back up to 1.42 but does not seem to provide a more meaningful… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
