Economics
Pound Drops Most in Four Months as ‘Leave’ Leads New Brexit Poll
- Currency heads for second weekly decline versus dollar
- Sterling is 2016’s worst-performing Group-of-10 currency
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The pound tumbled the most in almost four months after the latest poll showed the campaign for Britain to leave the European Union took a 10 percentage-point lead less than two weeks before the referendum.
A gauge of one-month volatility, which goes beyond the June 23 referendum to encompass the aftermath of the vote, climbed for a sixth week, indicating traders are girding themselves for more turmoil after the referendum is over. The survey of 2,000 people by ORB for the Independent newspaper found 55 percent in favor of a so-called Brexit, the biggest “Leave” lead recorded by ORB in polls for the newspaper.