POMs race to change pounds for Euros amidst Brexit vote

AS VOTING began yesterday in the referendum that could end Britain's European Union membership, there were reports of Britons rushing to swap pounds for euros and US dollars.

The pound is expected to plunge in value if the Leave campaign prevails, hitting the budgets of those travelling abroad.

The Times reported that some leading banks had written to clients to warn a vote for Brexit could lead to the most volatile market in decades, with the Bank of England on "high alert" to intervene.

The Prudential Regulation Authority has asked banks to ensure their ATMs are topped up and working properly.

Former London mayor and prospective prime minister Boris Johnson was confident of a Leave win.

"If we vote Leave and take back control, this Thursday can be our country's Independence Day," he said.

PM David Cameron crisscrossed the country in a last-ditch appeal to voters to stay in the EU.

"If we vote out, that is it. It is irreversible. We will leave Europe for good and the next generation will have to live with the consequences," he said.


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