Pound Spikes With Volatility as Brexit Referendum Nears: ChartBy
The pound jumped as much as 1.5 percent against the dollar within seconds on Tuesday, as volatility surged before a June 23 referendum on whether the U.K. should leave the European Union. The latest gyrations had investors bemused and spurred trader talk of fat fingers, snowballing algorithms and stop-loss orders. The biggest intraday move since March may be the harbinger of even greater volatility as polls flag swings in sentiment between ‘Leave’ and ‘Remain.’
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