EUR/GBP jumps 300 pips on Sunderland and Swindon Brexit win

Omkar Godbole FXStreet Contributor

EUR/GBP popped 300 pips to a high of 0.7914 in Asia after Sunderland and Swindon polls showed a big win for Brexit.

The pair jumped from 0.7598 to 0.7914 before trimming gains to trade around 0.7750. Liquidity is thin and erratic trading is likely to continue. As per the latest reports, Portsmouth and Southampton look like a leave win as well.

EUR/GBP levels

Major resistance is seen at 0.7994 (June 16 high) and a major support stands at 0.7570 (200-DMA) levels.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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