Monday 27 June 2016

23Traders Sees Surge in GBP Trading on Brexit Outcome

For weeks, analysts have been keeping a very close watch on the financial markets, and with the recent outcome of the Brexit vote, investors and traders worldwide are now taking advantage of the movements in the British pound (GBP) to the euro (EUR) and US dollar exchange rates.

On the 23rd of June, Britain voted in favor of withdrawing from the European Union. 23Traders, a leading binary options broker, had speculated that the Brexit would have a negative impact on the GBP and since forex exchange markets hate uncertainty, there has been a strong decline in the value of the GBP, particularly against the EUR.

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