Pound Rises to Two-Month High as EU `Remain' Camp Gains Momentum
- Bloomberg Brexit Tracker puts risk of leaving at just 20%
- Implied volatility versus dollar falls to lowest in a month
The Brexit Debate: What Happens if the U.K. Leaves the EU
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The pound rose to its strongest level in more than two months versus the dollar amid signs the “remain” camp is pulling ahead in the campaign over Britain’s membership of the European Union.
Sterling touched a six-week high against the euro, after posting its longest winning streak in 10 months through Friday, as U.S. President Barack Obama backed the U.K. government’s position that Britain’s economy and trading relationships would be at risk should it quit the world’s largest single market.