55% likely to vote to stay in the EU

Sterling surges to multi-month highs as "Remain" camp leads in 'Brexit' poll.

The pound has posted significant gains against a basket of currencies after the publication of an opinion poll by IPSOS Mori showed an 18% lead for the "Remain" camp.

With 55% likely to vote to stay in the EU compared to the 37% opting to leave, the pound clawed back recent losses, hitting the key psychological level of 1.3000 interbank (IB) versus the Euro – representing almost a 10 week high versus the single currency.

We have also seen significant changes in the following currency pairs with the pound breaking through key levels.

The sensitivity that the pound currently has to the polls highlights the difficulty that investors face when trying to second guess the movement in exchange rates.

As we draw nearer to the Referendum we are likely to see increased volatility in all sterling crosses, so in order to stay ahead of the game, it is important that you speak to your dealer who will explain the options available to you.

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