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| Pound falls in Asia trade on Brexit uncertainty | |
| (about 4 hours later) | |
| Sterling fell in Asian trade on Monday after weekend polls indicated growing support for a UK departure from the European Union. | |
| The pound fell as much as 1.1% against the dollar and by about 0.7% against the euro. | The pound fell as much as 1.1% against the dollar and by about 0.7% against the euro. |
| The falls followed an opinion poll for ITV that found 45% of voters planned to vote to leave the EU. | The falls followed an opinion poll for ITV that found 45% of voters planned to vote to leave the EU. |
| Meanwhile, Asian stocks initially fell following the worst US job creation figures for almost six years on Friday. | Meanwhile, Asian stocks initially fell following the worst US job creation figures for almost six years on Friday. |
| The unemployment figures led to speculation the Federal Reserve may not increase interest rates by July. | The unemployment figures led to speculation the Federal Reserve may not increase interest rates by July. |
| Margaret Yang from CMC Markets in Singapore called the data was "a big miss". | Margaret Yang from CMC Markets in Singapore called the data was "a big miss". |
| "The disappointing jobs data has removed some uncertainties surrounding the June rate hike, and thus will help to stabilize global liquidity and exchange rate expectations despite some corrections in the near term," she said. | "The disappointing jobs data has removed some uncertainties surrounding the June rate hike, and thus will help to stabilize global liquidity and exchange rate expectations despite some corrections in the near term," she said. |
| "In the short term, however, it will also bring in new concerns over the growth prospects for the US economy." | "In the short term, however, it will also bring in new concerns over the growth prospects for the US economy." |
| Japan's Nikkei 225 and the broader Topix index both fell 1.2% in morning trading on Monday. | Japan's Nikkei 225 and the broader Topix index both fell 1.2% in morning trading on Monday. |
| However, Australia's S&P/ASX 200 rose by 0.5%. | However, Australia's S&P/ASX 200 rose by 0.5%. |
| Markets in Shanghai and Hong Kong both opened higher. | Markets in Shanghai and Hong Kong both opened higher. |
| South Korea and New Zealand's stock markets are closed for public holidays. | South Korea and New Zealand's stock markets are closed for public holidays. |