GBPUSD is on the back foot again 14 June 2016
In a previous post I highlighted the offers/res at 1.4200 and the level has duly held to now return to 1.4135 so I hope a few of you took heed.
EURGBP survives an attempt on 0.7900 to post 0.7940.
Same ol' same 'ol and Brexit concerns continue to undermine the pound.
In that earlier post I also made note that UK bookies William Hill expect betting by the week-end to show Leave as the new favourites. One, or a number of bookies, don't sway on the actual outcome but in these fragile conditions you can assume some effect in the price action.
In the end it all comes down to the UK voter and the Undecideds still hold the balance of power but pollsters and bookies will still set the tone into the event itself next week.
