Cable Tumbles As Brexit Fears Resurge After BoJo Backlash

(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

zerohedge.com / by Tyler Durden on 02/21/2016 – 13:11

Friday afternoon saw chaotic trading in GBPUSD (cable) as headlines flip-flopped before finally settling on a “deal” had been agreed between Cameron and The EU. Hope was high that this was a positive for “staying in” and cable rallied. But that has been dashed on the shores of Boris Johnson as London’s mayor will campaign to leave the EU sending GBPUSD down 120 pips at the open.

Just as we warned: “If Johnson refuses to back Cameron, the Friday afternoon spike in the GBP may be very promptly undone.” 

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