GBP/USD Is Dropping ahead of Brexit

There are nine days left until the referendum in the UK where the people will decide whether or not the UK will remain a part of the European Union, and ahead of this important event GBP/USD is crashing – the pair has dropped with 360 pips for the past forty eight hours and is currently trading at 1.4109, likely driven by information that “Leave” seems to be the more popular choice. I expect a further drop towards 1.4005, which is the previous low, in the near future. That said, trading this pair remains very risky, because right now it is highly influenced by any new information about the referendum that could come out at any time.