October 07, 2016 BY LeapRate Staff
British Pound collapses 6% to below USD 1.19: How low can it go?
European traders long the Pound may wake up Friday to learn that they were stopped out.
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July 05, 2016 BY LeapRate Staff
GBPUSD at 1.30 level down 200 pips on the day, Gold rising
The British Pound has continued drifting downward to multi-decade lows in Monday trading, with the GBPUSD Cable trading with a 1.30 handle for the first time since the 1980s. It was only this morning that the GBP broke below the $1.32 level for the first time post-Brexit. For the day, the GBPUSD is down 1.62%,…
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July 05, 2016 BY LeapRate Staff
GBP sets new post Brexit low with 1.31 handle
After a brief recovery last week which ended with Boris Johnson's withdrawal from the race to replace David Cameron as British Prime Minister, the British Pound continued downward on Tuesday setting post-Brexit lows in the 1.31 range (as at time of writing the GBPUSD Cable trade was at 1.3170). What is going on? Saxo Bank’s Head…
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