OctaFX | OctaFX Forex Broker
Open trading account

GBP/USD hits 2-week highs as 'no' vote is priced in

FXStreet (Córdoba) - GBP/USD rose to its highest level in 2 weeks as markets are pricing in a 'no' in Scotland independence referendum.

As Scottish referendum unravels, investors rush to buy the pound as pre-voting opinion polls gave a slight lead to those in favor of remaining in the United Kingdom. The Scottish vote ends at 21:00 GMT but the unofficial estimated time of the result is around 7:00 GMT on Friday. First results are expected around 01:00 GMT.

GBP/USD rose more than half a cent within the last hour and reached a fresh 2-week high of 1.6386 in recent dealings. At time of writing, Cable is trading at 1.6373, exactly 100 pips or 0.59% above its opening price.

GBP/USD technical levels

In terms of technical levels, GBP/USD could find next resistances 1.6386 (intraday high), 1.6400 (psychological level) and 1.6465 (Sept 4 high). On the flip side, supports are seen at 1.6240 (10-day SMA), 1.6200 (psychological level) and 1.6161 (Sept 16 low).

USD/CAD recovery stalled near 1.1010

The greenback is losing some momentum vs. the Canadian dollar on Thursday, with the USD/CAD now retreating to test session lows in the 1.0970/65 band...
Read more Previous

USD keeps outperforming vs. the EUR and JPY – Rabobank

The ongoing USD strength promises to keep the demand for its competitors subdued, argued Jane Foley, Senior Currency Strategist at Rabobank...
Read more Next
Start livechat