Pound, Euro, Dollar LIVE: GBP Retreats as Cool Heads Return + Latest Forecasts
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The UK currency is easing back from recent highs in mid-afternoon trade in London.
We found the gains witnessed in the morning session quite surprising in light of the fact they seemed to almost guarantee the Remain vote had won, despite the fact voting had just gotten underway.
In Southern England, commuters woke up to heavy rain, lighting, and cancelled trains.
A bad omen perhaps, but for which side of the vote?
There has been talk of adverse weather being bad for Remain as this camp is thought to be less determined than the Brexiteers.
There is also the added danger for Remain that people decide to note go and vote having looked at the reaction of the financial markets and read that there is an +80% chance Remain will win.
The BBC will publish YouGov’s Call Back Poll, which would give an indication that an unexpected Brexit vote was coming.
A similar poll conducted on the day of the 2014 Scottish independence referendum came within 1% of the actual result.
Live Updating:
Upcoming Events to Watch
22:00: Polls close, YouGov Call Back Poll released by BBC
12:30: First results in, watch Sunderland, a middle-ground with a slight Remain bias
1:-1:30: Evenly split regions such as Hartlepool, Oldham and Salford will be worth watching
02:00: Watch South Tyneside, middle-ground with slight Leave bias
Full details here.
7:00: 100% votes in
Nordea Shadow Forecasts for FX on Brexit
An interesting table from the team at Nordea Bank, who we have been following with interest today.
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