FX:GBPUSD   British Pound / U.S. Dollar
Hello traders,
As you can clearly notice, sterling has been very volatile already ahead of Brexit vote.
The pair is trading now at 1.284 down 0.17%.
It is already widely expected that PM May will lose the vote tonight, the critical question here is by how much.
A defeat by over 100 votes is considered a major threat to the brexit deal and will drag sterling lower.
Therefore 2 scenarios exist:
1st: PM May loses by 100 votes or more ----> GBP/USD sharp decline to 1.25 and 1.20 in extension ( depends on the outcome ).
2nd: PM May loses by less than 60 votes ---> GBP/USD might trade sideways up and down ( also depends on the outcome ).
I advice to stay away from this pair as very high volatility is expected as well as wide spreads.
Trade safe and Good Luck

Ramzi Abou Abdallah