11.09.2014 - The British pound rose sharply

The prices of the British pound after a significant fall and consolidation around 1.6050 the level of started to correct upwards. The reason for high volatility is speculations about a referendum on Scottish independence. At the moment, the price continues to correct upward and we forecast in the near future will close the gap and reach the level of 1.6300. Increase in volatility is expected after September 18th. We expect a sharp rise in the case if Scotland will vote for the country to remain in the United Kingdom.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.