Europe

UK pound slides as polls indicate support for EU exit

FILE - An April 17, 2007 file photo illustration, of a British pound coin resting upon two US$1 bills, in London. The British pound fell sharply Tuesday May 31, 2016, after two opinion polls for The Guardian newspaper indicated support for a British exit from the 28-country European Union in next month's referendum. The pound, which is also known as sterling, was down a cent at $1.4550. (AP Photo/Alastair Grant, File)

FILE - An April 17, 2007 file photo illustration, of a British pound coin resting upon two US$1 bills, in London. The British pound fell sharply Tuesday May 31, 2016, after two opinion polls for The Guardian newspaper indicated support for a British exit from the 28-country European Union in next month's referendum. The pound, which is also known as sterling, was down a cent at $1.4550. (AP Photo/Alastair Grant, File)  (The Associated Press)

The British pound has fallen sharply after two opinion polls for The Guardian newspaper indicated support for a British exit from the 28-country European Union in next month's referendum.

In both polls, one conducted by phone and the other online, the "leave" campaign was up 52 points to 48.

The polls, released Tuesday, jolted markets which have downplayed the possibility of a vote for so-called Brexit in the June 23 vote. British bookmakers still think a "remain" vote is still the more likely outcome but there's been a modest narrowing over the past few days. The bookies think a vote to remain is around 75 percent likely.

Within minutes of the release of the latest poll results, the pound was down a cent at $1.4550.