Pound Rises As Poll Shows Brexit Support Waning

The pound climbed Tuesday, as investors reacted to a new poll that indicated most Britons will choose to stay in the European Union in an upcoming referendum. Sterling was up 0.8% at $1.4600. An ORB poll conducted for The Telegraph newspaper, released Tuesday, shows 55% of respondents who plan to vote in a June 23 in/out referendum support Britain sticking with the EU, compared with 42% favoring a so-called Brexit. The majority of older voters, Conservative Party supporters and men who participated in the survey are backing the Remain camp, the newspaper said.