The News – Capital Media
The News – Capital Media
  • 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

El primer ministro británico David Cameron pronuncia un discurso sobre la Unión Europea en el Museo Británico en Londres el 9 de mayo del 2016. Cameron advirtió que una salida británica de la UE aumentaría el peligro de guerra en Europa. (Leon Neal/Pool via AP), photo: AP/Leon Neal

31 of May 2016 12:32:26

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.

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