Private DCN Private DCN - Sterling

Big day for sterling ahead

By Ricky Bean June 23rd, 2016

Wednesday produced mixed results for sterling as it fell away from recent highs against both the euro and the US dollar. Markets remained relatively flat throughout the day, with investors unwilling to push sterling higher so close to the referendum. As the British public goes to the polls today to decide whether or not the UK will remain a part of the European Union, we expect to see sterling markets undergo a highly unpredictable 24 hours. With a potential 10% swing in the value of sterling against its major trade partners, investors will be keeping a close eye on expectations throughout the day in order to ensure they remain ahead of the curve.

If you are looking to buy or sell sterling, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.