Tuesday 24 May 2016

Elevated perspective


Considerable polling excitement has engaged UK lately, but most remarkable stir on markets came from yesterday’s Brexit poll results, showing that Britains prefer to remain member of the European Union. 
The sterling outperformed during the overnight trade and GBP/USD was trading within the range of 1.4478-1.4497The British pound seized this optimistic opportunity and today is looking from elevated perspective. Currently GBP/USD is trading at 1.4579, 0.66% higher and conquered Monday’s high at 1.4548.
Ahead of BoE officials speak in the UK Parliament about the central bank’s latest quarterly Inflation Report before the Treasury Select Committee, the pair might be seen even more elevated and surpass the 1.46 mark.

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