Sterling is recording its daily advance since 2008 today. It is up about 2.3%. The ostensible driver is the weekend polls suggesting that, as we suspected the murder of the UK MP acting as a catalyst of sorts for public opinion. The odds makers in the betting houses and the events markets have also shown a shift toward remaining in the EU. Nevertheless, sterling's rally did not start today. It began with the reversal on June 16 when the tragic deal of Jo Cox was reported. Earlier that day, sterling has approached the $1.40 area. It is currently hovering around $1.4700. After testing important support, it has ... (full story)