"Remain" campaign in a 3% lead
Sterling’s volatility diminished as surveys taken after the murder of pro-EU lawmaker Jo Cox showed the “Remain” group recovering lost ground. It was backed by 45 percent and the “Leave” campaign by 42 percent, in a poll from Survation taken June 17-18 for the Mail on Sunday newspaper.
That was a reversal of positions from Survation’s previous poll. The pound added to its gain from late last week, when campaigning for this Thursday’s referendum was suspended following Cox’s death. She was attacked June 16. The currency’s climb started on Friday, and “polls over the weekend helped, but it still seems 50:50,” said Stuart Bennett, head of Group-of-10 currency strategy in London at Banco Santander SA. The pound “could drop strongly if next poll shows ‘Leave’ maintaining last week’s figures.”
Sterling is currently being traded few points above 1.46 level. Pair is likely to find support around 1.45 handle and resistance above 1.47 level.
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