Pound is up ahead of Brexit vote
Published: Tuesday 21 June 2016
The Pound continued its strong growth today following recent polls in the Financial Times and Daily Telegraph both giving the Remain camp 53% vs 46% lead over Leave. These gains were further increased following today’s poll which put the Remain camp 1% ahead. Sterling hit weekly highs of 1.3034 vs EUR and 1.4767 vs USD as a result. With the referendum less than 2 days away, economic data is likely to have less of an impact. This was exemplified when Germany ZEW Economic Sentiment smashed expectations of 5.1, with a reading of 19.2. The Euro didn’t strengthen at all on the back of this.
All attention now looks to further opinion polls and bookmakers predictions.
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