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Pound and FTSE 100 rally as City expects remain vote

Discussion in 'Market News' started by Lily, Jun 23, 2016.

  1. Lily

    Lily Forum Member

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    Sterling hits a six-month high amid expectations that Britain will vote to stay in the EU referendum

    The pound has risen to a six-month high and the FTSE 100 has rallied strongly amid growing expectations among investors that Britain’s EU referendum will result in a vote to stay in the bloc.

    An opinion poll published on Thursday morning – but conducted before voting began – gave a lead to the remain camp and helped boost the UK currency. Amid relief that weeks of uncertainty will soon be over, sterling rose 1.5% to $1.4931 against the dollar. That was the first move above $1.49 since December 2015.

    here it is 52% REmain and public expect Remain win pic.twitter.com/aF3hmmI17q

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