{"id":91655,"date":"2016-06-21T06:50:24","date_gmt":"2016-06-21T10:50:24","guid":{"rendered":"http:\/\/countingpips.com\/?p=91655"},"modified":"2016-06-21T06:50:24","modified_gmt":"2016-06-21T10:50:24","slug":"pound-gains-over-3-per-cent-since-friday","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/06\/pound-gains-over-3-per-cent-since-friday\/","title":{"rendered":"Pound gains over 3 per cent since Friday"},"content":{"rendered":"<div id=\"inves-971730415\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 21, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The pound took a pause from its rally on Monday when it gained 2.4 per cent. Coupled with a gain of 1.1 per cent on Friday, the currency has jumped 3.5 per cent over two trading days \u2014 its biggest since December 16 2008 and also its seventh-largest since 1971.<\/p>\n<p>So far this year the pound has traded as high as $1.4816 at the start of 2016, and as low as $1.3836 in February.<\/p>\n<p>The pound\u2019s rise on Monday was prompted by a series of polls that showed Britons were increasingly likely to vote to remain in the EU in Thursday\u2019s referendum on membership in the 28-country bloc.<\/p>\n<p>Sterling has become a prominent measure of investors\u2019 attitudes towards the country\u2019s referendum, with the currency\u2019s fluctuations mirroring changes in opinion polls and volatility spiking to levels last seen in the 2008 global financial crisis.<\/p>\n<p>Some analysts say that in the event of a Brexit, sterling could depreciate by 10 per cent against the US dollar to about $1.30, before drifting to the mid- to high-$1.20s over the following weeks.<\/p><div id=\"inves-2139704\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The pound took a pause from its rally on Monday when it gained 2.4 per cent. Coupled with a gain of 1.1 per cent on Friday, the currency has jumped 3.5 per cent over two trading days \u2014 its biggest since December 16 2008 and also its seventh-largest since 1971. So far [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-91655","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=91655"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91655\/revisions"}],"predecessor-version":[{"id":91670,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91655\/revisions\/91670"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=91655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=91655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=91655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}