Systemically, there are plenty of indications that currency volatility should go up with Poland, Greece, Sweden and France expressing a loss of confidence in the EU, in addition to Britain. This run-on effect points to greater volatility in the FX markets.
Also noteworthy are comments from former prime minister, John Major, who had been in favor of a free-floating currency during his tenure, is reported saying that Britain’s intention to leave the EU is ‘a campaign verging on the squalid’. Here’s a link to the report at MarketPulse.
I’m keeping an overall negative bias on the Euro, despite there being volatile upside potential, I would look for overbought le…