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Brexit odds increase as 'leave' campaign takes the lead; pound weakens

Published 04/12/2016, 10:24 AM
© Reuters.  ICM poll shows Britons in favor of Brexit taking the lead
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Investing.com - A recent poll shows that the percentage of Britons in favor of a Brexit, as the vote to leave the European Union (EU) in the June 23 referendum is known, have edged ahead of those who wish to remain.

The support for the U.K. to leave the EU has risen to 45%, compared to the 42% who prefer to stay, according to the most recent ICM survey released on Tuesday.

This poll compared to last week’s results which showed those in favor of staying leading by 43% compared to 42% who preferred a Brexit.

12% of respondents surveyed said they were still undecided in Tuesday’s release which surveyed 2,030 people and was conducted between April 8 and 10.

The pound, which had gained strength from the inflation data released earlier on Tuesday, weakened on the publication of the poll. In particular the GBP/USD which had risen earlier to an intraday high of 1.4346 was dropping 0.24% to 1.4205 at 14:22GMT, or 10:22AM ET.

EUR/GBP still slipped 0.14% to 0.7997, while GBP/JPY rose 0.27% to 154.11.

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