EU Referendum Latest

EU referendum exactly one month away, quiet before the storm?

Only one month left before the UK heads to the polling station, sterling appears to be behaving rather steadily. We have seen the recent gains on the back of various opinion polls, indicating that the 'Remain' campaign holds a ever stronger lead over the flailing 'Leave' camp. The next few weeks will be crucial for both sides of the campaign, with many votes still up for grabs from voters still on the fence.

A you would expect this week's headlines and opinion polls will likely have an impact on the value of the pound.

From the UK this week, Q2 2016 GDP second reading will be released, as well as government borrowing numbers although UK economic data has taken a back seat with the EU referendum stealing all the headlines and influence.

Currency markets are forward thinking but with such a huge political event on the horizon many traders will not be getting too excited over a better or worse release on a particular set of data. The EU referendum seems to drive everything at the moment.

Although the market has begun to take heed of this message, it's still exceptionally sceptical. This week's data and speeches will no doubt add further colour to the picture. From the eurozone, flash PMIs are the highlight of the week.

Data from the eurozone has been lacklustre so far this year, after policy amendments recently seen from the ECB, Draghi and Co. will be watching these figures closely for signs of improvement.

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