(June 22 Bloomberg) Britain entered the final day of campaigning before its referendum on European Union membership with opinion polls and financial markets at odds about the outcome.
Investors are piling money into bets on a victory for the "Remain" campaign, led by Prime Minister David Cameron, in Thursday's plebiscite. The pound has surged to a five-month high and European stocks have posted their biggest three-day gain in almost a year, with the U.K.'s benchmark index poised to erase its monthly decline. Bookmakers have shortened their odds on a "Remain" win.
Polls, meanwhile, say the race is too close to call after a swing toward the "Leave" campaign came to an apparent halt last week following the murder of Labour Party lawmaker Jo Cox, a supporter of staying in the EU.
"Rising anticipation that 'Remain' will win the vote is driving the market,' said John Plassard, a senior equity-sales trader at Mirabaud Securities in Geneva. "Even if polls are close, people are paying more attention to the bookmakers because that was a much better predictor in the past referendum."
Click on the link below to see the full story from Bloomberg: (by Robert Hutton and Matthew Campbell)