Probably see it drift back down to 7.4/7.5 by end of session if this keeps up. Depends i guess if people continue to follow the risk off, down trend with brexit coming up. My guess is that we'll see some falls today if not further in the week as the market is a fickle place and the brexit is causing people to irrationally panic in offloading stocks just to limit exposure. Like all things in economic life, they'll soon get over it no matter what the outcome is of the brexit. Just like how the markets eventually got over the PIGS crisis from an eurozone pov.
XPE Charts, page-5271
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Open | High | Low | Value | Volume |
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