05/15/2016 - As Brexit Vote Draws Closer, GBP/USD Could Get Pounded

* Fundamental Recap: As Brexit Vote Draws Closer, GBP/USD Could Get Pounded
* Market Movers: Weekly Technical Outlook
* Look Ahead: Stocks
* Look Ahead: Commodities

With less than six weeks left to go before the UK holds its June 23 referendum to vote on whether or not it remains in the European Union, concerns have begun to escalate over the potentially dire economic consequences that may result in the event of an actual "Brexit."

These concerns were further compounded this past week when the Bank of England (BoE) issued its monetary policy and inflation reports on Thursday. Although the central bank kept interest rates unchanged at a record low 0.5%, as widely expected, the most compelling aspect of its statements was a grave and forceful warning that a UK exit of the EU would cause substantial harm to the economy and currency. Though many such warnings have surfaced in the months... Full text »

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