GBP/USD: latest polls in, sterling pops higher 60 pips

GBP/USD bulls climb back up from the abuse from the bears and Brexit polls showing the leavers back on top.

GBP/USD made a low of 1.4640. The latest Opinium poll gave the ‘leave’ camp a slight lead with 45% versus 44% for the ‘remain’ and 9% still undecided.

Brexit trade: a look beyond sterling and get back to basics

Latest polls in are - YouGov (online): Remain 51% and Leave 49% and ComRes (phone): Remain 48% and Leave 42% - sterling bullish, popped 30 pips higher to 1.4764.

GBP/USD had been relentless on bid on the back of the 'remainers' leading for the best part of last and this week, but we are back to evens in most cases with slight lead one way or the other to each side. This is setting the tone for a very close call tomorrow, yet the pound remains relatively resilient, showing that the market is stacked up either for a remain outcome and/or waiting to pounce on a Brexit.

GBP/USD levels

Valeria Bednarik, chief analyst at FXStreet explained the technical picture, "The 4 hours chart shows that the Momentum indicator keeps heading lower within positive territory, whilst the 20 SMA offers an immediate support around 1.4620, with its strong bullish slope, all of which suggesting that a break below it may see a deeper downward corrective move, down to 1.4550."