Sterling weakens as odds of pro-EU vote slip to 75%

Sterling weakened yesterday for the first time in nine days against the euro, slipping 0.5% to 77.85p, amid further evidence the currency is being driven by the UK’s vote on June 23 whether to remain in the EU.

The probability of the UK voting to stay in — dubbed a Bremain as opposed to a Brexit — fell slightly yesterday to 75% from a record high 80%, according to bookmaker Paddy Power.

“A Bremain is still a large favourite,” a spokesman told the Irish Examiner.