View more on these topics

Pound rallies as Remain gains momentum


Sterling rose 1.6 per cent to $1.46 against the US dollar in one of its biggest rallies in a decade.

The surge follows a series of polls over the weekend that show a swing back towards the UK voting to remain in the EU at this Thursday’s referendum.

According to the FT poll of polls, leave and remain are now neck and neck at 44 per cent each.

Several polls in weekend newspapers showed Remain edging ahead, including The Observer and The Mail on Sunday.

The rise in sterling was the highest since a 1.9 per cent gain in 15 October 2009, according to the FT.

Schroders head of multi manager Marcus Brookes last week said substantial weakness has been priced into sterling since March, when it stood at $1.3, compared to $1.58 in June 2015.


EU Flags European Union 480

Where has the £65bn Brexit cash gone?

Outflows sparked by the possibility of Brexit might take longer to return to the UK as more market uncertainties take their toll on investors, experts are predicting. Some £65bn has been pulled out of the UK in March and April amid growing uncertainty over the EU membership referendum, Bank of England figures show. The Bank […]


FTSE dives as Brexit fears take hold

The FTSE index has dropped 6 per cent in the past four days as pollsters showed a vote to Brexit has become more likely. The FTSE 100 ended the day down 2 per cent yesterday, at 5,923, the lowest point for the index since February. Yesterday marked the fourth day of losses for the index as fears […]


Case study: administration — managing group life schemes

Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).


News and expert analysis straight to your inbox

Sign up


There are 2 comments at the moment, we would love to hear your opinion too.

  1. Holding my breath, keeping my fingers (and toes) crossed and stroking my lucky rabbit’s foot in the hope that the vote to Remain gains a substantial majority.

    The campaign has been marked by absolute rubbish being spewed by both sides in the hope of swaying the public. Facts, logic and intellectual rigour seem to have been completely lacking. Hardly surprising when you remember that at root democracy is nothing more than pandering to the lowest common denominator.

    Ask yourself what personal advantage do the remain people envisage? We know Gove is a for Brexit as revenge for the failure of his father’s business and Boris is just out for Boris. Even his family are solidly remain and bearing in mind his background (father an MEP and living for several years in Brussels) Boris has made hypocrisy into an art form.

    Then we have loonies like Farage, bleating about immigration and producing a poster with Syrian refugees. Hey Nige – did you flunk geography. Syria isn’t in Europe. Seeing newspaper and TV coverage it is also the case that those trudging across the Balkans, trying to get into Greece and crossing the Med are not Europeans either. So let’s have a little logic please.

    As for true Europeans, if you examine the statistics they are (on average) better educated that the average in the UK – so they could actually be of benefit. When figures are spouted about those immigrants on benefits no mention is made of their country of origin. I will bet that the majority of those are also not from the EU.

    The NHS is another favourite topic of the Brexit brigade. Odd then isn’t it that Dr Mark Porter – Head of the NHS – has said that Brexit claims are farcical.

    Trade. What a load of nonsense – does Germany have a problem?

    We will have a better place in the world if we retain our seat at the table with other Europeans. The days when we were a world player on our own have long since passed. Just hark back to the 1060’s and 1970 when we largely ran thing entirely ourselves – into the ground. Our prosperity (such as it is) seems to be pretty closely correlated to our full membership of the EU. If only we could embrace the idea wholeheartedly and stopped whinging all the time we might actually find ourselves a major voice and player in the European family.

  2. Julian Stevens 21st June 2016 at 1:59 pm

    Switzerland is more prosperous than GB and ascribes this very largely to the fact that it ISN’T part of the EU.

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm