The British Pound fell sharply yesterday following the developments over the weekend. British PM David Cameron got back from Brussels following a deal which includes various adjustments as well as granting 'special status' to the UK. The Brexit referendum will be held on June 23rd. The Pound, which closed Friday on a positive note fell sharply in the opening session as more voices grew in support of the UK leaving the EU, including the Mayor of London, Boris Johnson. The British PM faces strong opposition from within his own party ranks as well the Euroskeptic parties which are rallying for the UK to exit from its EU membership. GBPUSD declined test session lows to $1.4173, losing -1.74% for the day.
"Brexit" Uncertainty Rattles British Pound
Daily Analysis - 23/02/2016