Forex markets hate uncertainty and this is nowhere better depicted than in the huge volatility there has been in the value of sterling over the last few weeks. The uncertainty surrounding the June 23rd EU Referendum has caused some big swings with GBPJPY topping the list closely followed by GBPNZD:
|Currency Pair||High/Low 31 May||Today’s Low/High||Difference|
The next ten days to polling day could be even more volatile and therefore the rules of Risk Management and Trade Size are even more important than normal. Increased volatility means increased opportunity but also increased risk, always protect your capital.
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