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FX.co ★ Pound rises ahead of Brexit vote

Pound rises ahead of Brexit vote

Pound rises ahead of Brexit vote

The British pound is strengthening against the US dollar and the euro boosted by UK opinion polls that showed preference to stay in the EU.
According to the London Stock Exchange, the pound rose by more than 1.5% against the dollar on Monday and traded at the level of 1.46. The British currency also advanced to 1.28 against the euro.
The latest poll revealed on June 16 put the support for Remain at 45%, just ahead of the support for Leave at 42%. The previous poll found that 48% of people backed Brexit and 48% opposed it.
Standard and Poor's rating agency said that Ireland, Malta, Luxembourg and Cyprus are the countries that would be most vulnerable if the UK voted to leave the EU.
Earlier in June, British Prime Minister David Cameron said that the UK withdrawal from the EU would undermine the country's economy.
The UK will hold a referendum on June 23 to decide if it will stay in or leave the European Union.

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