Sterling hit a seven-week high against the dollar on Tuesday on expectations Britons will vote to stay in the European Union but stocks failed to build on the previous day’s gains as this week’s referendum kept many investors cautious.
Two opinion polls published on Monday put the “Remain” camp ahead before Thursday’s vote but another gave “Leave” a slight lead.
The dollar retreated against most major currencies with the exception of the yen, which has retreated this week on indications the campaign for Britain to stay in then EU has regained momentum.
Read More: http://www.reuters.com/article/us-global-markets-idUSKCN0Z701O
Source: Reuters (21 June 2016)