There were no data releases from the UK today. With British public opinion evenly split on whether to remain a member of the EU, the world's largest trading bloc, and many voters yet to make up their mind, Johnson, 51, is hoping to become the galvanizing figurehead for the "Out" campaign.While Johnson, a member of Prime Minister David Cameron's Conservative party, described being mixed up with Trump as "one of the worst moments", if he can emulate the American billionaire's success, the consequences could be far-reaching.
A British exit would batter the EU by ripping away the bloc's second-largest economy and richest financial center at a time when it is struggling to manage mass migration and coax economic recovery from the embers of a financial crisis. Bernard Aw, market analyst at IG Group, said: “The exchange rate is an immediate victim of the debate over Britain’s membership in the European Union.
“The uncertainty over the impact of a Brexit scenario meant that investors tend to de-risk through the holdings of GBP assets, which include the currency. GBP has fallen -3.5 per cent year-to-date on heightened Brexit risks, and the future path depends significantly on how the debate pans out in the coming months ahead of the 23 June referendum.”
Sterling is currently being traded few points above 1.4130 level. Pair is likely to find support around 1.41 handle and resistance above 1.4180 level. Later today, in the US session, Final GDP figures are scheduled for a releas
