Article by ForexTime
UK voters will head to the polls today, to vote on whether Britain should stay in the European Union or leave.
Just a few hours before polls were due to open, sterling was trading at its highest point in six months against the US dollar after two polls published on Wednesday showed the Remain camp in the lead.
A poll conducted by ComRes showed 48 per cent of those surveyed would vote to remain in the EU, while 42 per cent said they would leave. Meanwhile, another poll by YouGov gave 51 per cent fore Remain compared to 49 per cent who would vote for a Brexit.
The British pound traded to a high of $1.4843 in early Asian session hours today, reaching the highest level since December 2015.
The pound bounce over recent days on the recovery of the Remain campaign. On Monday sterling had its biggest one-day gain since December 2008.
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Traders are expecting moves in currency markets after 10pm UK time, as voting stations close and a first unofficial exit poll is released. The voting results will start to come out over the following hours and investors will be watching for shifts prompted by private exit polls commissioned by hedge funds.
Article by ForexTime
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