Financial Times’ poll of polls, which takes the average approach to minimize the volatility and margin of error and takes into account polls, dating back to 2010 (however only six are before 2013) is showing that “Stay” camp is enjoying a decisive lead over the out camp.

FT’s polls of polls is relatively reliable measure since it takes into accounts hundreds of polls conducted by various poll stars such as Yougov, ISM, ORB and many more. So far it has taken into account polls till 19th of May and when they include recent polls like yesterday’s conducted by ORB which shows about 55% want to stay, while 42% want it out, the gap will widen, giving the in camp further lead.

Pound has warmed up to the idea of stay and reached 16 month high against Dollar. Against Euro, it is trading at highest since February.

With, “Stay” camp, keeping a lead, we expect Pound to remain well bid heading into the referendum, especially against Euro. However, it will experience a sharp drop in volume but increase in volatility over polls and news.

Pound is currently trading at 1.465 against Dollar.