Investors reacted after three of six opinion polls published over the weekend showed a shift towards keeping Britain in the EU, with some citing the killing last week of pro-EU lawmaker Jo Cox as a factor.
GBP soars after polls favour Britain staying in EU
According to a poll for weekly newspaper The Mail On Sunday, support for Britain staying in the EU went up three points, with 45 per cent, compared to 42 per cent support for Brexit.
A telephone survey for the Scottish newspaper The Herald, showed that 46 per cent of voters support the Remain campaign, compared to 43 per cent who advocate exit from the bloc Prior to the latest polls, data from the Commodity Futures Trading Commission released on Friday showed speculators reduced their net short positions against Sterling in the latest week, from a three-year
Rupee under pressure on Rexit effect
The Indian rupee nosedived nearly 1 per cent in early trade on Monday in a knee-jerk reaction to Raghuram Rajan’s abrupt decision to step down as the RBI governor following the end of his term in September. However, recovery in the Indian equities helped rupee pare some of early losses.
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