Sterling falls again versus euro amid Brexit jitters

Sterling ground out a meagre gain against the dollar yesterday, but fell against the euro as nerves over the Brexit referendum in two weeks time outweighed a bullish batch of industrial output data.

The pound was up just 0.1% at $1.4550, having reached as high as $1.4580 after UK data released in the morning showed output grew at its fastest pace in nearly four years in April.

Against a resurgent euro, it lost around a third of a percent, handing back some of a 1% gain on Tuesday due chiefly to a pair of polls which showed the Remain camp just ahead in the run-in to the UK’s June 23 vote on EU membership.