NEW YORK: The dollar tumbled on Monday as sterling surged more than 2 percent and the euro jumped after opinion polls swung in favor of the campaign for Britain to stay in the European Union, boosting risk sentiment.

Investors reacted after three of six opinion polls published during the weekend showed a shift toward keeping Britain in the EU, with some citing the killing last week of pro-EU lawmaker Jo Cox as a factor.

The implied probability of a “remain” vote in Thursday’s referendum rose to around 78 percent after falling as low as 60 percent last Thursday, according to odds from gambling website Betfair.

Riskier assets like stocks rose while traditional safe-havens like the Japanese yen, US Treasuries and gold all fell in a reversal of the risk-off trading that has dominated markets for much of June.

“From what we’ve seen in the market those are the Brexit trades and we’ve just seen a reversal of them after the seeming reversal or at least moderation in the polls for Britain leaving the European Union,” said Joseph Trevisani, chief market strategist at Worldwide Markets in Woodcliff Lake, New Jersey.

The dollar fell 0.7 percent against a basket of major currencies to 93.568, its lowest since June 9.

Sterling earlier rose to a global session high of $1.4673, its highest in nearly three weeks, as it extended a recovery from Thursday’s more than two-month trough of $1.4013. The rise put sterling on track for its best one-day performance in seven years. It was last up 2 percent at $1.4650.

The pound jumped 2.4 percent to 152.80 yen, pulling away from a three-year trough around 145.34 also set on Thursday. The euro fell 1.5 percent to 77.40 pence.

The yen fell across the board, slipping 0.35 percent against the greenback to 104.60 yen, offering some relief for Japanese policymakers concerned about the currency’s recent strength.

The euro jumped 0.85 percent to 118.45 yen, well above Thursday’s three-year low of 115.51. Against the dollar, the euro gained 0.6 percent to $1.1340.—Reuters