{"id":91917,"date":"2016-06-24T05:54:40","date_gmt":"2016-06-24T09:54:40","guid":{"rendered":"http:\/\/countingpips.com\/?p=91917"},"modified":"2016-06-24T05:54:40","modified_gmt":"2016-06-24T09:54:40","slug":"pound-down-on-brexit-vote","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/06\/pound-down-on-brexit-vote\/","title":{"rendered":"Pound down on Brexit vote"},"content":{"rendered":"<div id=\"inves-1474581758\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 24, 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>A Brexit vote caused turmoil in the markets this morning and sterling tumbled to its lowest in over 30 years.<\/p>\n<p>GBPUSD dropped fast as the Leave camp started maintaining a lead in the vote count and the pair touched as low as $1.3224, the lowest since 1985, the biggest on record.<\/p>\n<p>Gold had its biggest rally since 2008 and rose to $1358.20.<\/p>\n<p>The Leave vote breaks Britain\u2019s 43-year membership of the EU. It is a historic event that has rattled markets across the globe as uncertainty looms.<\/p>\n<p>US Treasury yield falling below 1.50 per cent, the lowest level since 2012.<\/p><div id=\"inves-624625633\" 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>US stock-index futures fell more than 5 per cent while UK FTSE futures were down nearly 9 per cent. Shares in Japan declined more than 8 per cent as the yen appreciated sharply against the pound and dollar. The pound was down about 14 per cent against the Japanese currency.<\/p>\n<p>The question is what will be Britain do now after Brexit?<\/p>\n<p>The Bank of England\u2019s view is that leaving the EU will damage growth and risk pushing the country into recession. The BoE\u2019s main aim is to maintain stability.<\/p>\n<p>At time of writing, the Leave campaign is leading with about 52 percent of the votes so far against Remain\u2019s about 48 percent \u2014 but all the votes have not been counted yet.<\/p>\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 A Brexit vote caused turmoil in the markets this morning and sterling tumbled to its lowest in over 30 years. GBPUSD dropped fast as the Leave camp started maintaining a lead in the vote count and the pair touched as low as $1.3224, the lowest since 1985, the biggest on record. Gold [&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-91917","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91917","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=91917"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91917\/revisions"}],"predecessor-version":[{"id":91932,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91917\/revisions\/91932"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=91917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=91917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=91917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}