Menu Search Facebook Twitter
Search Close
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers

UK Pound Slides as Polls Indicate Support for EU Exit

According to a poll by the Guardian, 52 percent of Britons want to leave the European Union

The British Museum in London, where Prime Minister David Cameron spoke on May 9 opposing a Brexit, photo: AP/Leon Neal
2 years ago

LONDON — The British pound fell sharply Tuesday after two opinion polls for The Guardian newspaper indicated support for a British exit from the 28-country European Union in next month’s referendum.

In both polls, one of which was conducted by phone and the other online, the “leave” campaign was up 52 points to 48.

Both polls were conducted by polling organization ICM. The online poll was unchanged from the previous one in mid-May but the phone poll showed a hefty rise in support for a British exit. Last time, “remain” held a 10-point lead.

The polls jolted the markets, which have recently downplayed the possibility of a vote for so-called Brexit in the June 23 vote. Within minutes of the release of the latest poll results, the pound, which is also known as sterling, was down a cent at $1.4550 while the FTSE 100 index of leading British shares ended the session 0.6 percent lower.

“Widespread selling for sterling and an immediate flight to safety signifies the fact that markets have been caught napping with an overconfidence that every poll would come out in favor of the ‘remain’ campaign,” said Joshua Mahony, market analyst at IG.

British bookmakers still think a “remain” vote is still the more likely outcome but there’s been a modest narrowing over the past few days. The bookies give a vote to remain a probability of around 75 percent.

The methodology behind the polls was not immediately available.

Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Democrat Jones wins stunning red-state A ...

3 days ago

Asian stocks mixed ahead of Fed rate ann ...

3 days ago

NFL Network suspends analysts over sexua ...

3 days ago

Minnesota announces restrictions on usin ...

3 days ago
Most Popular

Patricia Espinosa Opens Mexico Conferenc ...

By The Associated Press

White House Steps Up Aid for Financially ...

By The Associated Press

How Apple's 'Security Czars' Fight to Pr ...

By Reuters

Daily Exchange: Dollar and Euro Both up ...

By Notimex

Global Stocks Mixed as Investors await T ...

By The Associated Press