EUR/GBP falls back to 50-DMA on ‘remain’ vote lead

GBP witnessed a sharp recovery across the board, which pushed EUR/GBP cross back to 100-DMA level of 0.7825 after ‘remain’ vote jumped back into the lead.

The pair hit a high of 0.7979 a few minutes ago after Betfair put a 51% probability of Brexit. However, tables have turned since then. Though it is too early to predict anything, the ‘remain’ vote lead is nevertheless helping GBP regain some lost poise.

Major levels

On the higher side – 0.7994

On the lower side – 0.7571 (200-DMA)