Currency Note Sterling

Sterling benefits from positive ‘Remain’ polls

By Michael Cooper May 26th, 2016

Sterling rose further across the board on Wednesday, hitting a fresh three-month high against the euro as more polls suggested that the remain camp continues to hold the edge in the EU Referendum voting. With institutions such as the world trade organisation speaking out on the inherent risks of a ‘Brexit’, sterling has found further support as this economic scare-mongering overshadows the political discussion of the impact a remain vote would have on Britain’s independence. Sterling consequently rose to the highest level since early February against the euro, and the highest level against the US dollar aside from a brief rally at the start of May.

Today sees the second estimate of UK economic growth across the previous quarter which is forecast to be released at 0.4%.

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