GBP/USD plummets below 1.40 once again, Brexit a done deal?

Dhwani Mehta FXStreet

The recovery in the GBP/USD pair lost steam in a fraction of seconds and the major plummeted once again to fresh multi-year lows to 1.3975, in a knee-jerk response to the latest exit vote.

The latest vote count revealed that a Brexit is almost a done deal now; with 6,450,417 favouring leave against 6,132,569 remain.

Looking at the voting count, Remain chances are diminishing as the areas where the Leave was supposed to be close, those places Leave is leading with great margin, while Remain doesn’t seem to be as strong as thought in some places.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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