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FxWirePro: GBP plummets on increased odds of 'Brexit'

  • In a knee-jerk response to the latest exit vote, the pound slumped across the board.
     
  • Remain chances are diminishing as the areas where the Leave was supposed to  be close, those places Leave is leading with great margin.
     
  • Betting odds too have moved strongly to 67% in favour of a Leave result, and ITV have forecasted a 75% chance of a Leave win.
     
  • Over 160 of the 382 voting areas reporting, with 34.4% of votes cast, and turnout holding above 70%.
     
  • 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.

Major currency updates as of 0255 GMT:

GBP/USD: Down 7.45% at 1.3734

EUR/GBP: Up 5.94% at 0.8095

USD/JPY: Down 4.06% at 101.79

GBP/JPY: Down 12.01% at 138.55
 

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