Long queues stretched outside foreign exchange bureaux in the City of London on Wednesday as people cashed in their pounds ahead of the EU referendum.
Online currency-exchange companies also reported a surge in activity as customers decided to take advantage of a 3 per cent rise in the value of sterling against the dollar, to $1.48, before the uncertainty of Thursday’s vote.
Sterling has also risen 2.6 per cent on the euro to above €1.30, with the market taking its cue from polls leaning towards a vote to Remain.
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