Tuesday 17 May 2016

XE Market Analysis: Europe - May 17, 2016

Sterling has rallied strongly on news that the latest Brexit poll by ORB shows 55% wanting to remain in the EU and just 40% wanting to leave. Ladbrokes now giving 75% odds for UK to remain in the EU, up from 71% this time yesterday (note that the ORB website itself doesn't yet appear to be reporting the poll, though various media are). The pound is showing a 0.5% gain as London front-office interbank personal arrive at their desks. Cable has clocked a five-day peak at 1.4494, well up on yesterday's close at 1.4401.



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