Pound ‘to gain 4%’ if UK stays in EU

If Britons vote as expected to retain their EU membership card on June 23, then sterling would gain 4% on the dollar in the immediate aftermath of the referendum, a Reuters poll has found.

However, if the opinion polls and betting firms prove wrong again and Britain decides to walk away from the EU the currency would fall 7%, the poll suggested.

Sterling fell to its weakest level in two-and-a- half years against a basket of currencies yesterday, as investors showed rising concern about the outcome of the vote.