GBP/USD wild moves the new normal - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that much of the ongoing risk aversion across the FX board is being blamed on the Pound, and the upcoming Brexit referendum.

Key Quotes:

"New polls released this Monday showed that the "leave" vote is ahead of the "remain" resulting in the GBP/USD plummeting to 1.4114 against the greenback during the London session, from where it jumped  up to 1.4327, only to close the day around the 1.4200."

"As mentioned before, these wild intraday moves are likely to become the new normal until June 23rd, although the downside remains favored. The UK will release its PPI and CPI data this Tuesday, generally  expected to have improved from their previous readings. If the data misses, the pair could test the 1.4000 figure."