OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/USD hits 1.65 on the first two official NO results

FXStreet (Guatemala) - GBP/USD is trading at 1.6515, up on the day, having posted a daily high at 1.6518 and low at 1.6388.

And so we begin! The first result was a big no from Clackmannanshire, a region that was expected to be a certain contributor to the yes campaign.The next was Orkney that smashed out its result at 67%. So a surprise vote from Clackmannanshire, first of all supported sterling on it’s crusade up to the psychological 1.65 handle and a clear break would encourage the bulls to stay on aboard with train whose objective could well be to reinstate itself back a pre campaigning levels in the congested area of the1.66 handle. However, with some 30 results left to be announce over the course of the Asian day, we are well away from being able to call it one way or the other and volatility is the name of order for the rest of the trading day.

GBP/USD levels

With spot trading at 1.6515, we can see next resistance ahead at 1.6520, 1.6574 (Weekly Classic R3), 1.6600, 1.6690 (Daily 200 SMA) and 1.6728 (Monthly High). Support below can be found at 1.6426 (Weekly Classic R2), 1.6405 (Daily Classic R2), 1.6395 and 1.6388.

Aberdeenshire could be next setback for 'Yes' supporters

Following an early report on speculations of Aberdeenshire going for No, an outcome that would represent yet another setback for the Yes supporters, Alex Johnstone, a Conservative MSP, told the Guardian that it appeared to be a 60 to 40 split in favour of a no vote.
Read more Previous

Orkney: Unionists win, no surprise

Orkney has been the second area to report results, with the No count at 67.2% vs yes at 32.8%, after No gathered 10,004 and Yes 4,883. The result is not a surprise though, as Orkney is a pro-No campaign strong-hold.
Read more Next
Start livechat