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Money transfer site Transferwise to suspend service during Brexit vote

Published 21/06/2016, 22:10
© Reuters. Student George Smith, a supporter of "Britain Stronger IN Europe", campaigns in the lead up to the Brexit referendum at Holborn in London, Britain

(Reuters) - Transferwise said it will suspend pound transfers on Thursday in anticipation of currency volatility caused by Britain's referendum on European Union membership.

The London-based money transfer website will resume its service when the referendum results are announced on Friday.

It will suspend incoming pound transfers on Thursday morning and outgoing transfers at 6 p.m., the company said in an emailed statement.

© Reuters. Student George Smith, a supporter of "Britain Stronger IN Europe", campaigns in the lead up to the Brexit referendum at Holborn in London, Britain

The vote on whether Britain should remain in the 28-member bloc is too close to call, according to recent polls, and uncertainty about the outcome has driven trade in sterling since late last year.

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