The pound is losing its gains for the week ahead of the outcome of the vote

The pound fell sharply during trading on Friday, for the second day in a row, after the huge royal currency sell-off after the release of the results of some constituencies, which showed support for Britain out of the European Union.

The pound against the dollar is currently trading at 1.4335 level, after recording the highest at 1.4654 while today's session was opened at the level of 1.4561 marking the lowest level at 1.4036.

The sharp decline in the pound sterling levels comes after rising yesterday, and recorded the highest level in six months, but lost yesterday's gains after a sharp decline began in the markets following the results of sorting constituencies that showed a tendency toward Britain out of the European Union.

On the other hand, the dollar has returned to rise against major currencies todayrecording the highest level in a week which has helped to support the pound decline due to the inverse relationship after the dollar fell yesterday to its lowest level in seven weeks.

The dollar index, which tracks the dollar's performance against a basket of major currencies, is currently trading at the level of 94.14 after it opened today's session at the level of 93.72, while the lowest level has been recorded at 93.70 after recording the highest at 94.87 comes after the dollar index fell yesterday to its lowest a seven-week low of 92.99.