GBP Gets Boost From Remain Camp Gains
GBP Gets Boost From Remain Camp Gains The British pound got a boost expectations that the United Kingdom would remain in the EU mounted after the camp made progress remains ahead of Thursday's referendum.
noon London time, the weighted book trade was up 1.9 percent to 86.9, and up 1.8 percent to 1.4630 against the dollar. He hit a three-week high during the session and was on track for its best performance of one day in seven years, according to Reuters
a weekend opinion polls showed the rest camp won close advance. a YouGov poll for The Sunday Times newspaper published at the weekend showed 44 percent supported staying in the EU, against 43 percent who supported leaving, based on interviews conducted Thursday and Friday. Two other polls have also shown the public opinion inclined to camp remain.
Given the evolution of the fluids in the UK, Vishnu Varathan, senior economist at Mizuho Bank wrote in a note Monday that there may be increased volatility ahead in the forex market.
"If from the polls suggest 'Leave' resurgence, brace for another episode of 'risk off'," he added.
via CNBC
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