GBP/USD lowest levels since 2009 – FXStreet

By FXStreet Ani Salama, economist at FXStreet offered the conditions surrounding sterling in the open sessions for this week.

Key Quotes:

“The pound was among the worst performers in the FX space on Monday as the currency was hit by growing fears of a Brexit.”

“Prime Minister David Cameron scheduled a UK referendum for June 23rd for Britons to vote on whether they want to remain in or leave the European Union. He later defended EU deal before the Parliament and said Britain will have a ‘special status’ following his renegotiation. However, London Mayor Boris Johnson and six of the 23 members of Cameron’s Cabinet continue to campaign for the exit.”

“GBP/USD plummeted and broke below January’s lows to hit its lowest level since March 2009 at 1.4056, although it managed to trim losses during the American afternoon to end around 1.4150.”
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Source:: FX Street