The pound was struggling on Wednesday morning to add to the gains made Tuesday when fresh polls showed support for remain was narrowly ahead of the exit camp, contradicting surveys released on Monday and at the weekend which had suggested the campaign for Brexit was ahead. Sterling did however enjoy a small bounce on the back of some strong UK industrial data which showed manufacturing production expanded at its fastest pace since July 2012, rising by 2.3% month-over-month in April. This helped total industrial production to rise 2.0% on the month, easily beating expectations for a flat reading. But the pound’s response was fairly muted, suggesting that Brexit concerns were holding traders back from making bold bullish bets. Indeed, with the EU referendum just a couple of weeks away and sterling’s 1-month volatility being at the highest levels since the financial crisis, not many people are in the mood to hold onto their positions for long. Traders are rightly being nimble as they take advantage of short-term volatility.