Asian Market Update : Epic Research Malaysia

The pound extended its rally in Asian trade on Monday as investors swung their bets to Britain voting to remain in the European Union this week.

Long-running fears of a pro-Brexit vote on June 23 had been hammering the British currency and became heightened in recent weeks as the "Leave" campaign pulled ahead in the polls.

On Monday, the pound gained as the first poll taken after the murder of pro-European Union lawmaker Jo Cox suggested the "Remain" camp was gaining momentum.

In Tokyo, the currency rose to US$1.4570 from US$1.4348 in New York late Friday, when it rallied in part due to the three-day suspension of campaigning after the Cox's killing on Thursday.

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