Pound jumps, bookies blamed

A bit of straw clutching about the reason why the quid has jumped to 1.4530

After the Ipsos poll earlier the bookies have lengthened the Brexit odds, so says Reuters. The pound is up across the board as we speak. I shouldn't think that the news would be such a big factor but for now that's what's doing the rounds.

The move has taken out last week's highs but we still have the early May highs at 1.4540 to deal with.

GBPUSD H1 chart

With the polls as an excuse it looks like the bored market wanted a reason to make a trade.

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