Mon, June 13, 2016
The Pound crashed to the lowest level in two months against the Dollar as uncertainty about a potential British exit from the EU continued to build.
The Pound plunged the most since February on Friday after an poll showed a 10-point lead for ‘Leave.’ Surveys at the weekend were less stark, with one online poll showing 44% support for Britain staying in the EU and 42% against, and a survey on Sunday showing 43% of U.K. respondents in favour of a so-called Brexit and 42% for ‘Remain.’
U.K. Chancellor of the Exchequer George Osborne called for pro-EU businesses to speak up about their concerns as polls suggest momentum is building for a vote to leave.
The pound fell 0.9% to 1.4129 against the Dollar as of 10:19 a.m., having earlier touched 1.4116, the lowest since April 14. It fell 1.1% to 1.2533 against the Euro.
Data to look out for today.
Not Much Data Out Today
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| Day | Time | Currency | Event |
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| MON | 12:00 | EUR | EUR ECB's Hansson Speaks on QE in Estonian Parliament | MON | 13:00 | EUR | EUR ECB's Nouy Speaks at EU Parliament Committee in Brussels | MON | 15:30 | USD | USD U.S. to Sell 3-Month Bills | MON | 15:30 | USD | USD U.S. to Sell 6-Month Bills | MON | 23:01 | EUR | EUR Germany Third Quarter Manpower Employment Outlook |
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*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team
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| 26 | 27 | 28 | 29 | 30 | 1 | 2 |
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