As we get closer and closer to the EU Referendum, the pound continues to be driven by expectations on the outcome for the vote in June. Recently we have found that fears of a “Brexit” have been dimmed down by recent polls and political interference.
Today, the results of a telephone opinion poll carried out by Ipsos MORI, showed that the campaign to remain in the EU has taken an 18-percentage point lead over the leave camp.
The Pound has strengthened on the back of this latest opinion poll, and continues to rally against most other currencies – particularly the Euro. We expect the Pound to continue to react to polling data as we move closer to the vote.
Though the Pound has strengthened today, it is always possible that another opinion poll could be released next week which could show the complete opposite result. Therefore I would encourage those of you who are waiting on particular exchange rates to contact us directly for further analysis on the markets.
Alternatively we can call you.