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The latest polls by various corporate bodies in the United Kingdom on the June 23 Brexit referendum have reversed, with the percentage of citizens in favor of staying in the European Union outnumbering those who oppose it.
Now only three days remain before the United Kingdom goes to referendum to take the historic decision on whether or not it would continue with EU's membership. The onslaught of latest opinion poll findings has pushed the momentum in favor of 'Bremainers'.
In fact, the implied probability of a 'Remain' vote in Thursday's EU referendum has hardened further, to 74.6 percent, after jumping to 72 percent earlier in the morning, up from 60-67 percent, on Friday, according to the latest odds from bookmaker Betfair.
Two polls released over the weekend suggested recovering support for 'Remain'. A phone survey by Survation gave a three-point lead to the pro EU campaign, at 45 percent to 42 percent. An online poll by YouGov gave a one-point lead to 'Remain' at 44 percent to 43 percent. Surveys by both pollsters had 'Leave' leading in their previous surveys. Another online poll by Opinium put the campaigns drawn at 44 percent apiece, after showing 'Remain' two points ahead in its last poll.
The two sides of the UK campaign remains neck-to-neck and the decision remains too close a call. Campaigning for on the Brexit issue was halted on Thursday after a pro-EU British lawmaker, Jo Cox, was killed while meeting constituents.
A Comres poll for The Independent newspaper also suggested momentum was back in favor of the Remain camp.
The meeting of the Bank of England’s monetary policy meet this week, although not expected to end in any monetary policy changes, could see the minutes reiterate the cloud of uncertainty hovering over the future of the UK’s relationship with the EU, is delaying investment and hiring decisions by businesses, and that a vote for 'Brexit' will likely trigger further GBP depreciation as well as adversely impact growth.
Such expressed sentiments would only serve to further weigh on the currency in the interim.
