Surging Sterling

  • The British pound jumped higher on Wednesday after a poll appeared to show that backing for the U.K. to stay in the European Union has increased.
  • The survey, conducted by Ipsos Mori, showed an 18 percentage point lead for the remain camp, on 55%, while leave languished at 37%.
  • Polls have so far been extremely mixed. Those conducted online show both sides much closer, while polls conducted over the phone have suggested a lead for remain.
  • Ipsos Mori’s Wednesday poll was a phone survey.
  • Sterling is up 0.73% against the dollar, at $1.456, and up by 1.06% against the euro, hitting €1.291.
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