- Posted by Shyam Gokani in Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Referendum, Sterling, UK
- June 14, 2016
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Britain’s “Leave” campaign opened up a 7-point lead over “Remain” ahead of a referendum on membership of the European Union an opinion poll showed late last night, while the nation’s biggest-selling newspaper urged readers to vote to quit the bloc.
The result of the June 23 referendum will have far-reaching consequences for politics, the economy, defence, migration and diplomacy in Britain and elsewhere.
Recent polls are suggesting that momentum has swung towards the “Leave” camp, or a so called Brexit, unsettling investors. “Leave” in recent days has focused its campaign on the issue of immigration.
According to the YouGov poll for The Times, “Leave” held 46 percent support compared with 39 percent support for “Remain.” Undecided voters were 11 percent, while 4 percent won’t vote.
Last Monday the Times/YouGov had reported a 1 percent lead for the “Remain” campaign.
In another, though not unexpected, boost for “Leave,” media tycoon Rupert Murdoch’s Sun newspaper called on its readers to vote to quit the 28-member EU.
“The Sun urges everyone to vote Leave. We must set ourselves free from dictatorial Brussels,” said the tabloid, which has a circulation of 1.7 million.
Other polls published on Monday also put “Leave” ahead, while betting odds on Brexit narrowed.
An ORB poll for The Daily Telegraph put support for “Leave” at 49 percent, compared with Remains’ 48 percent, while two ICM polls, one online and one conducted by telephone, found “Out” held 53 percent support compared with 47 percent support for “In,” the Guardian newspaper, which sponsored the telephone poll said.
That compared with a 52-48 percent split in favour of “Out” in ICM polls two weeks ago, the Guardian said. Those polls excluded respondents who answered “don’t know.”
A poll published on Friday which gave “Out” a 10 percentage-point lead added to pressure on sterling and pushed the cost of hedging against huge swings in the exchange rate to record highs
ICM said it interviewed 1,000 adults by telephone and 2,001 adults online between June 10 and 13.
Including people who said they did not know how they would vote, the telephone poll showed 50 percent of people backed “Out,” 45 percent supported “In,” and 5 percent were classed as “don’t know”, ICM said.
The online poll showed “Out” leading “In” by 49 percent to 44 percent with 7 percent saying they did not know how to vote.
Both polls showed falls in the share of “don’t knows,” ICM said.
Opinion pollsters are under pressure because they failed to forecast both Prime Minister David Cameron’s unexpectedly decisive election victory and the result of Israel’s election last year.
There is one more poll expected to be published in the Evening Standard today or tomorrow.
In economic news UK inflation came out on par this morning, however this had no impact on the rates at all.