GBP/USD down by over 1% as w/e polls swing towards 'Leave'

GBP/USD has taken a very aggressive dive in early Asia, with market makers pulling liquidity, not wanting to get in the way of such a stampede of bearish pressure in the Sterling, following the latest weekend UK's EU referendum opinion polls, in which 3 different polls all show the 'Leave' campaign taking the lead.

According to the latest Observer/Opinium poll released Saturday, the 'leave' side saw a three point 'Lead' at 43% vs 40% for 'Remain'. Later on, as previously reported, an additional two polls on UK's EU referendum, showed leave ahead of remain, with ITV showing 45% leave, 41% remain, while TNS shows 43% leave, 41% remain.

As Valeria Bednarik, Chief Analyst at FXStreet, notes: "When it comes to a Brexit, polls continue to signal a close race between the remain and the leave, which means high levels of uncertainty will likely keep the Pound's upward potential limited ahead of the referendum, scheduled for June 23rd."