Pound Jumps Above $1.50 as ‘Remain’ Seen Winning EU Referendum
- Currency climbs to highest level versus dollar since December
- Polls released Thursday show pro-EU campaign have lead
Have Markets Really Priced in a Brexit?
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The pound climbed above $1.50 for the first time since December amid speculation that U.K. voters opted to remain in the European Union.
Sterling extended gains from Thursday that came as opinion polls conducted before voting started showed a lead for the ‘‘Remain’’ camp, adding to speculation the U.K. would stay in the 28-member organization. Voting closed at 10 p.m. London time and the first official results are expected as soon as midnight. A YouGov Plc survey conducted on the day of the vote showed a 52 percent share for the status quo.