Trader, analyst and instructor with a 6-year experience

GBP/USD capped at $1.6275

FXBAZOOKA.com -  GBP/USD pulled back from the $1.6275 resistance on Monday as Scottish Independence referendum fears are still dominating the markets. 

The various polls on the referendum released over the weekend have been mixed with some surveys showing a larger support for a "Yes" vote. The headline will likely rule the markets until the final vote on Sep. 18 (Thursday). Breakup of the United Kingdom would bring increased instability to the financial markets. 

Don't miss the UK inflation data on Tuesday: CPI growth is expected to have slowed down from 1.6% to 1.5% y/y. Meanwhile, PPI is expected to have increased by 0.1% versus prior contraction by 1.6%.

Chart. Daily GBP/USD



Scroll to top