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    Stocks Gain With Pound as Dollar Falls Before Yellen's Testimony

    (June 21 Bloomberg) Investors took a positive cue from the latest polls on Britain's referendum over European Union membership, with global stocks advancing and the pound extending the biggest rally since 2008. The dollar weakened before Federal Reserve Chair Janet Yellen speaks on monetary policy.

    Sterling strengthened for a third day even as separate opinion polls showed leads for both the "Remain" and "Leave' campaigns two days before the vote. Teh MSCI All-Country World Index rose to the highest level in more than a week while gold fell with the yen as haven demand eased. A gauge of the dollar declined for a fifth day in the longest run of losses since the start of April before Yellen's testimony to lawmakers.

    Click on the link below to see the full story from Bloomberg: (by James Regan and Eddie Van Der Walt)

    Stocks Gain With Pound as Dollar Falls Before Yellen's Testimoy


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