Read full technical analysis report here
The British currency continued to weaken against almost all of its peers after London Mayor Boris Johnson stated that he will campaign for Britain’s exit from the EU in a referendum due on June 23, just a day after Prime Minister David Cameron announced that he would fight to keep Britain in the EU.
In an interview in London on Sunday, Johnson said “I will be advocating Vote Leave, or whatever the team is called, because I want a better deal for the people of this country: to save them money and take back control, I think really this is what this is all about.”
Before gathering one more important supporter, “The Gang of Vote Leave” has previously been membered by six U.K ministers including Justice Secretary Michael Gove, Work & Pensions Secretary Iain Duncan Smith and Chris Grayling, the leader of the House of Commons.
In the morning session, Asian stocks rose on signs of improved inflation as the report from The U.S Bureau of Labor Statistics on Friday, showed that the last month’s core CPI (excluding food and fuel) increased by the most in four years. Japanese Yen and gold has retreated as the appeal of safe haven assets weakened on the back of this data release.