Sterling continued its recent downward momentum against the US dollar as the prevailing climate of uncertainty surrounding the June 23rd referendum continued to weigh on the British currency. Despite the ‘remain’ camp maintaining a slim lead in recent opinion polls, as we draw closer to the referendum date the underlying uncertainty looks set to keep sterling markets suppressed. As such, sterling fell to the lowest level in a week against the US dollar, and continued in the narrow range we have seen recently against the euro.
A quiet day all round is expected today, with sterling markets again likely to be driven largely by any developments relating to the EU referendum.
If you are looking to buy or sell sterling, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.