On Friday, a poll for the Independent newspaper gave a massive 10-point lead to the British voting public that want to leave the European Union. Over the weekend, another poll for The Times newspaper gave leave vote a small lead. A Financial Times Poll of Polls gives leave a lead as well — 46 percent, versus stay at 44 percent.
And yet, the British pound is still above its 2016 lows, which were hit in late February shortly after David Cameron set the date for the in/out referendum at June 23 of this year.
Furthermore, while Great Britain's vibrant wagering markets have shown the momentum build on the leave side, they still show a significant preference for remain. The latest odds on Monday — 4-7 for stay vs. 7-4 for leave — imply a Brexit probability of 36 percent.
So the money is saying remain, while the latest polls are starting to say leave. The big question: Why?