Thu, June 23, 2016
The Pound rose to its strongest level this year as the U.K. prepares to vote on membership of the EU.
Sterling climbed for a second day before today’s referendum after polls showed that the vote is too close to call. The Pound advanced against all 16 of its major counterparts. Voting began at 7 a.m. London time and ends at 10 p.m. The first results are expected around midnight from Gibraltar and the Isles of Scilly. The final results are due about 7 a.m. tomorrow morning.
The pound has appreciated 4.2% against the Dollar in the past week, outperforming all its developed-market peers. The pound has climbed almost 7% since sliding to a seven-year low of 1.3836 on Feb. 29th.
Sterling rose 0.7% against the Dollar to 1.4801 as of 6:57 a.m. after reaching 1.4844, the strongest level since Dec. 31. The U.K. currency climbed 0.3% to 1.3050 against the Euro.
Data to look out for today.
07:00: GBP Brexit Referendum Polls Open
22:00: GBP Brexit Referendum Polls Close
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| Day | Time | Currency | Event |
|---|---|---|---|
| THU | 06:00 | GBP | GBP Brexit Referendum: Polls Open | THU | 07:00 | EUR | EUR Markit France Manufacturing PMI | THU | 07:00 | EUR | EUR Markit France Services PMI | THU | 07:00 | EUR | EUR Markit France Composite PMI | THU | 07:30 | EUR | EUR Markit/BME Germany Manufacturing PMI | THU | 07:30 | EUR | EUR Markit Germany Services PMI | THU | 07:30 | EUR | EUR Markit/BME Germany Composite PMI | THU | 08:00 | EUR | EUR Markit Eurozone Manufacturing PMI | THU | 08:00 | EUR | EUR Markit Eurozone Services PMI | THU | 08:00 | EUR | EUR Markit Eurozone Composite PMI | THU | 12:30 | USD | USD Continuing Claims | THU | 12:30 | USD | USD Chicago Fed Nat Activity Index | THU | 12:30 | USD | USD Initial Jobless Claims | THU | 13:45 | USD | USD Markit US Manufacturing PMI | THU | 14:00 | USD | USD New Home Sales | THU | 14:00 | USD | USD New Home Sales (MoM) | THU | 14:00 | USD | USD Leading Indicators | THU | 14:30 | USD | USD EIA Natural Gas Storage Change | THU | 14:30 | USD | USD EIA Working Natural Gas Implied Flow | THU | 15:00 | USD | USD Kansas City Fed Manf. Activity | THU | 17:00 | USD | USD U.S. to Sell 30-Year TIPS Reopening | THU | 21:00 | GBP | GBP Brexit Referendum: Polls Close | THU | 23:00 | USD | USD Fed's Kaplan Speaks in New York | THU | 23:30 | GBP | GBP Brexit Referendum: First Results (Approximate Time) |
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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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