Sterling, global stocks rise as markets bet Britain will remain in EU

"The markets are the best judge of what is going to happen, and they are saying that Britain will remain. The pound, which has been the lightning rod for opinion on the EU referendum throughout the six-month campaign, was up 0.7 percent at $1.48 as traders cut their bets on volatility after the vote. Wall Street rose nearly 1 percent, with the S&P 500 approaching all-time highs.