Back
19 Sep 2014
GBP/USD spiking on early speculation on a NO vote
FXStreet (Guatemala) - GBP/USD is trading at 1.6446, up 0.31% on the day, having posted a daily high at 1.6462 and low at 1.6388.
GBP/USD is spiking on the consensus that the NO camp is leading with the polls at 54% now that they are closed although official results are not due until breakfast time GMT of whether 300 years of history will come to an end or not. In 30 minutes time, however, we will get a clearer idea of the turnout as the Scottish people have voted in record numbers at around 4.3 million and we are standing by to hear the peoples verdict from this highly charged campaign. There will be no exit poll due to the scale and we will need to wait for the votes to be counted throughout the coming day in Asia. Sterling traders will likely target pre polling levels at 1.66 on a No result whereas a yes will create a great deal of uncertainty and damage the pound.
GBP/USD levels
With spot trading at 1.6449, we can see next resistance ahead at 1.6451 (Daily Classic R3), 1.6462 1.6574 (Weekly Classic R3), 1.6690 (Daily 200 SMA) and 1.6728 (Monthly High). Support below can be found at 1.6426 (Weekly Classic R2), 1.6411, 1.6405 (Daily Classic R2), 1.6395 and 1.6388.
GBP/USD is spiking on the consensus that the NO camp is leading with the polls at 54% now that they are closed although official results are not due until breakfast time GMT of whether 300 years of history will come to an end or not. In 30 minutes time, however, we will get a clearer idea of the turnout as the Scottish people have voted in record numbers at around 4.3 million and we are standing by to hear the peoples verdict from this highly charged campaign. There will be no exit poll due to the scale and we will need to wait for the votes to be counted throughout the coming day in Asia. Sterling traders will likely target pre polling levels at 1.66 on a No result whereas a yes will create a great deal of uncertainty and damage the pound.
GBP/USD levels
With spot trading at 1.6449, we can see next resistance ahead at 1.6451 (Daily Classic R3), 1.6462 1.6574 (Weekly Classic R3), 1.6690 (Daily 200 SMA) and 1.6728 (Monthly High). Support below can be found at 1.6426 (Weekly Classic R2), 1.6411, 1.6405 (Daily Classic R2), 1.6395 and 1.6388.