Sterling expected to fluctuate strongly as the EU Referendum approaches

Sterling hit fresh highs on Tuesday as investors continued to hedge their bets on the possibility of the UK remaining within the EU following tomorrow’s referendum. Sterling pushed to a fresh 2016 high against the US dollar throughout trading on Tuesday, and markets are likely to continue to swing wildly until Thursday’s historic vote is out of the way. With more polls expected out over the next 48 hours there could be significant market movement yet to come in sterling markets. There will be no economic data released from the UK today, with market focus solely rooted to the referendum.

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