Wednesday 22 June 2016

22 JUNE 2016 FOREX TRADING TIPS: Sterling and euro firm ahead of Brexit vote

Sterling and the euro inched higher on the last day of campaigning before Britain's referendum on EU membership, the pound trading just off its highest this year after a swing in polls towards the "In" camp this week.
Most analysts still see the vote as too close to call and the mood remains shaky among financial investors worried that Britain's departure from the 28-country bloc could derail growth and spell trouble for banks and a raft of global asset markets.
While the Brexit vote continues to dominate minds, testimony by U.S. Federal Reserve chief Janet Yellen on Tuesday was read by some as playing down the chances of a rise in U.S. interest rates in July.
The dollar fell around 0.4 percent to 104.42 yen and was 0.2 percent lower against the basket of currencies that measures its broader strength.



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