European share prices soared higher on Monday as fears of a Brexit vote abated and lifted global market sentiment, sterling and oil prices.
The British pound surged higher overnight as the Brexit concerns have eased following the latest opinion poll showing the Remain camp to have the advantage. GBP/USD hit 1.4622 on Monday, compared to levels of around 1.40 on Thursday. Oil prices also extended gains on Monday, due in part to the weaker dollar and Brexit concerns easing.
Sterling also jumped more than 2 percent to 152.95 versus the yen, pulling well away from a three-year trough around 145.34 set on Thursday. EUR/GBP fell almost 1 percent to 0.7764.
USD/JPY rose more than half a percentage point to 104.84 moving away from near a two-year low touched on Thursday at 103.55. EUR/JPY climbed to 119.13 overnight, and is now holding above 1 percent for the day. EUR/USD was also up 0.6 percent to 1.1342 after hitting a high of 1.1382 overnight.
