Sterling rises 1% before the referendum

Monday, 20/06/2016 | 08:19 GMT

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Sterling escalated, late Friday, versus its counterpart the U.S. dollar, around 1%, amid the fears and anxiety, some days before the British referendum where the citizens will vote whether their nation should remain to be a member of the EU, or not.

The British pound reached the 1.4352 zone, against the U.S. dollar, ending 1.09% higher, while the GBP/JPY climbed to 149.51, a rise of 0.95%. Britain's currency also gained against the euro with the EUR/GBP decelerating to 0.7852, 0.65% lower.

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The Brexit referendum campaigns were suspended last Thursday, following Jo Cox murder, who she was a supporter, and a Labour Party member, of the EU membership.

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Source: https://www.argusfx.com/en/research-education/market-analysis/weekly/sterling-rises-1-before-the-referendum

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