There is more evidence that Britain will stay in the EU also after the June 23rd referendum, at least according to yet another opinion poll. This joins previous polls by YouGov, ICM and ORB that all showed the same trend.

The IPOS Mori poll shows an absolute majority for the Remain camp at 55% and only 37% in the Leave camp. The 18 point margin is quite spectacular. Nevertheless, this poll shows that even if all the undecideds opt for leaving, the pro-EU campaign still enjoys a large advantage.

Opinion polls on the Brexit question dominate the scene. We did have short intervals for economic indicators, but they had only an hour in the sunshine before speculation about the Brexit or no-Brexit took over once again, and with a much bigger impact. The low level of inflation reported yesterday did weigh on the pound, but this has been long-forgotten. The OK jobs report helped today but the bigger mover is the No-Brexit poll.

GBP/USD trades well above 1.45, reaching 1.4537 so far, climbing over 100 pips from the low 1.44s. If the break above 1.45 is confirmed, we could challenge 1.4580 and 1.4650.

 

 

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