Pound Hammered as Brexit Gains Traction in Weekend Polls: Chart

U.K. British pound currency
Photographer: Chris Ratcliffe/Bloomberg

The pound made a very ugly start to the week as polls showed more Britons are willing to vote to leave the European Union than those ready to vote to stay. With less than three weeks to the June 23 referendum, investors have been disconcerted as the ‘Leave’ campaign gains traction. The currency dropped as much as 1.1 percent to $1.4353 on Monday and was down against all 16 major peers, while one-month volatility surged to 21.34 percent, a level last seen in February 2009.

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