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Sterling stands still after rising on growing annti-Brexit hopes

On Tuesday, the British pound went down against the evergreen buck, just a day after reporting its greatest daily revenue for seven years on the back of opinion surveys, swung in favor of the campaign for the UK to stay in the EU.   

Two Monday’s surveys revealed that the “Remain” camp has revived some ground in the UK’s referendum debate. 

The implied probability of a “Remain” vote in the upcoming referendum surged to approximately 76% right dropping as low as 60% last Thursday.  

The British pound sagged 0.1% during Asia trade, hitting $1.4658, having rebounded from Monday’s three-week peak of $1.4721. It grew 2.1% on Monday, the greatest daily revenue since 2008.  

The financial markets normally follow every twist in opinion surveys, however trading is getting choppy. It’s because folks simply stay away from taking big trading positions ahead of the survey. As follows from recent surveys, the “Remain” tendency is reviving, but only the referendum will show the true result.      

      

 

 

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