Latest Brexit poll result undermines the pound again

The Telegraph newspaper publishes a commissioned poll favouring Brexit

I've been delving a little deeper after reader CreditPhil asked about timings of latest polls and found this.

Today's ORB poll finds that without taking into account people's likelihood to vote, the campaigns are virtually tied, with Remain on 47% and Leave on 49%.

However, when likelihood to vote is taken into account, the Leave campaign would win on 52% with remain trailing on 45%. It also reveals that one third of undecided voters (31%) say their "biggest hesitation" in backing the Remain campaign is the "potential for uncontrolled or increased immigration" in the EU.

Full report/results here

Not the only reason in town for GBP weakness but all to go in the trading pot. The bookies still have the Remain vote as favourites.

GBPUSD currently 1.4232 having tested the 1.4220 support line. EURGBP running into 0.7820 offers at the same time. The two are joined at the hip as I warned again earlier.