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Despite late FTSE dip, British financial sector confident of EU remain vote

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The City remains confident that the UK is on course to remain a member of the EU despite a late flurry of sell orders after a new opinion poll boosted Brexit supporters just as the London stock market closed.

After a day in which shares and the pound had both risen amid growing confidence that David Cameron’s gamble to call the vote would pay off, there was a last-minute wobble following the publication of an Opinium survey that gave the leave campaign a marginal lead.

The FTSE 100 had been on course for its highest level for two months, up more than 70 points, before closing just 35 points higher at 6261. The pound, seen as a barometer for confidence in UK assets, had been up a cent against the dollar but lost half a cent after the poll came out to trade at around $1.47 (£0.99).

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Paul

The author Paul