Pound Surging Most in Seven Years as Odds Fade for Brexit: ChartBy
The British pound is putting on its strongest surge since the aftermath of the 2008 financial crisis as confidence seeped through foreign-exchange markets that Britons will choose to stay in the European Union at Thursday’s referendum. Gains this week for sterling mean it has now climbed 0.4 percent this year, which still makes it the weakest performer among Group-of-10 currencies against the dollar, amid concerns a Brexit vote would spark economic and political turmoil. The Bloomberg British Pound Index, which tracks the currency against seven major peers, is up 2.8 percent this week, even as opinion polls indicate the vote result is too close to call.
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