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Sterling Slips

Sterling SlipsSterling Slips

Sterling pulled away from a 5-1/2-month high against the dollar on Tuesday after a poll showed the campaign for Britain to stay in the European Union has lost some of its lead ahead of Thursday’s referendum on EU membership, Reuters reported. The telephone poll, which was conducted by Survation for spread-betting firm IG on Monday, put support for “In” at 45%, ahead of “Out” on 44%, IG said. Having earlier surged to $1.478, its highest since the start of the year, sterling trimmed some of its gains to trade at $1.470. That still left it 0.2% up on the day, having risen over 2% on Monday, its biggest one-day rise since 2008.

 

Financialtribune.com