GBP/USD: dumps to 1.4800 on Newcastle result remain 51% vs 49%

GBP/USD is volatile and now trading on the offer below the 1.49 and now testing the 1.4800 handle on the latest Newcastle release as well as the latest opinion polls that showed a lead for the leave camp at 45% vs 44%.

Newcastle result: Marginal win for Remain, was expected to win big...

Newcastle out: 51% remain 49% leave. 65,404 vote remain and 63,598 leave, worst than the 12 point lead for remain expected, so GBP offered.

GBP/USD has been on the offer after the Twitter suggestions of a possible larger win for the leave camp in Sunderland and a weaker win for the remain in Newcastle.  The next key result from Sunderland, Wandsworth and Foyle are expected at 0030BST.

Talk Sunderland to show heavy leave support - BBC

GBP/USD levels

Spot: 1.4835

On the upside with Bremain favoured, 1.4950, 1.5000, 1.5108, 1.5237, 1.5330. To the downside on  Brexit sentiment, 1.4824, 1.4711, 1.4640, 1.4432, 1.4093, 1.4011, 1.3834 and lower...