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GBP/USD surges on Brexit news
Yesterday’s Brexit poll, which gave a healthy lead to the ‘Remain’ campaign, was the cue for another surge in cable, with only a modest pullback seen thus far this morning. Three days of gains have turned the pair bullish, so dips should see buying as and when they appear.
The next target is $1.4668, the high from the beginning of the month, while beyond this the 200-day simple moving average (SMA) at $1.4804 still looms.