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Pound rests after huge gains

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The British pound is taking a breather today after the previous 2 days of stellar gains after a round of polls showed the UK may choose to remain a part of the European union.

At 6.44pm (GMT) the pound was trading at US1.4666c virtually unchanged from yesterday’s trading.

With just days to go before one of the biggest choices in British history the pound hit its highest level since January as more analysts start to believe that the Brexit camp may fall short.

An ORB poll last night put Remain on 53% and Leave at 46%. A separate YouGov poll also had the Leave side ahead with 44%, with Remain on 42% with the rest undecided.

"Global markets have had a Bremain bounce. A new optimistic tone has taken hold at the beginning of the final week before the Brexit referendum".said Jasper Lawler, market analyst at CMC markets

 "A phone poll from Survation and an internet poll from YouGov showing a lead for the Remain side has prompted a perception that the Brexit tide has turned" he added.

 

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