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British pound hits six-month peak

On Thursday, the British pound leapt to its six-month peak against the US dollar, following the latest surveys, which mostly favored the UK remaining in the EU, just hours before the vote was due to start.    

Surveys conducted by ComRes, the Daily Mail newspaper, ITV television as well as YouGov, revealed that a last-minute surge in support for the United Kingdom to stay in the European Union.

Reduced Brexit concerns have helped the British pound to gain roughly 3% so far this week, though several survey results have been too close to call a definitive result.

The British pound edged up 0.6%, trading at $1.4793, having touched $1.4847, the highest outcome since the beginning of 2016.

A wait-and-see mood was supposed to prevail through the rest of the day, though there were several bouts of volatility, as markets were quite nervous ahead of the British survey results.

It’s going to be hard for the market move until the survey results are published, as some financial analysts state.  

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