GBP/USD (current price: 1.4204)
The Pound had another bearish session on Friday and continued lower today in early trading as nervous traders exited their positions in the wake of the newest Brexit polls. The positive economic releases of the week were mostly ignored, as investors consider the vote as the primary risk for the currency. The technical picture remains neutral, with strong resistance above the current rate around 1.4385 and support at 1.4150. The prior lows near 1.3850 still seem distant, despite the recent volatility in the pair.
Our assessment: GBP/USD will likely stay volatile for the next ten days, as the central bank meetings this week will be followed by the all-important referendum next Thursday.
