Pound has taken a sharp beating yesterday, declining from its high around 1.472 against Dollar to 1.448 by closing, just 16 pips above its low for the day and that us thanks to a poll published by Guardian in collaboration with ICM.

Initially, when earlier in the year, Prime Minister Cameron announced the referendum date to be on June 23rd, market was focusing on personnel, who is lining up where? Later the focus turned into commentaries and now it’s focused into polls. Just like we suggested in prior article, that polls will be key volatility generator.

In the past weeks, Sterling benefitted from polls show that “Stay” camp is leading and gaining momentum. In one poll by ORB, it showed exit camp is lagging by 13%. But Guardian/ICM poll reported much narrower lead for the exit camp. According to the poll, which was carried out online and by phone, exit camp is leading with 52% to stay camp’s 48%.

What this poll did is killed the momentum for the stay campaigners and adds fresh uncertainty, which is not likely to be solved until the D-day.

Pound is currently trading at 1.449 against Dollar.