Investing.com – The pound showed weakness on heightened Brexit fears as a recent poll on Wednesday that votes in favor of staying in the European Union and those preferring to leave, known as a Brexit, were neck and neck.
Support for the so-called “In” campaign slipped one percentage point to 44%, according to the online survey published by ICM, while the “Out” campaign remained just below at an unchanged reading of 43%.
The poll surfaced after a Bloomberg report that what the news agency labelled the “pound top forecaster” believed that sterling could fall against the dollar to 1.35 even before the June 23 referendum took place.
Validus Risk Management said that if the Brexit was successful, the pair could slide as far as 1.20.
At 13:41GMT or 9:41AM ET, GBP/USD fell 0.66% to 1.4067, EUR/GBP rose 0.72% to 0.8096 and GBP/JPY traded down 0.94 to 154.76.