The Great Britain pound was very strong today, gaining on it major rivals, even the US dollar that itself was also firm. The reason for the amazing performance was the employment report and the Brexit polls.
The polls show that more than a half of Britons prefer to stay in the European Union. It is good news for the sterling as an exit from the EU would likely cause a financial turmoil on markets.
As for employment data, it was basically good all around. Average weekly earnings rose 2.0% in April after rising 1.9% in the preceding month. The number of unemployment claims fell by 2,400 in April from March. The unemployment rate remained unchanged at 5.1%.
GBP/USD rallied from 1.4460 to 1.4593 as of 20:32 GMT today. EUR/GBP tumbled as much as 1.7% from 0.7821 to 0.7689. GBP/JPY climbed 1.9% from 157.81 to 160.79.
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