25 May 2016
GBP remains perky on Bremain strengthening - Scotiabank
The GBP remains relatively perky against the broadly stronger USD and continues to advance against the weak EUR.
Key Quotes:
"Despite continued focus from policy makers on the downside risks for the economy in the event of a Brexit, investors appear to be going with the UK bookmakers’ view that the probability of a Bremain is strengthening.
Betfair odds suggest and 83% probability that voters will opt to remain in the EU, the UK press reports today. That essentially reflects the shift in William Hill’s odds that we noted yesterday."