Sterling markets experienced a mixed start to the week, with sterling hitting the lowest levels since April against both the euro and US dollar. A number of opinion polls released over the weekend showed a clear lead for the Leave camp, and with the EU referendum drawing ever closer, sterling could fall closer to the lows experienced earlier in the year as investors grow more nervous. Sterling did stage a “mini” recovery in the afternoon.
Speculation regarding the June 23rd referendum is set to dominate markets again today, although UK inflation figures for the previous month will provide some underlying economic data for investors to analyse.
If you are looking to buy or sell sterling, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.