Student George Smith, a supporter of ‘Britain Stronger IN Europe, ‘ campaigns in the lead up to the European Union referendum at Holborn in London June 20, 2016.
Advertisement
Campaigning resumed last night, following a two-day break following the terrible, tragic death of Jo Cox MP on Thursday.
The Aussie dollar climbed 0.6 per cent to 74.32 United States cents, while the the British pound climbed 0.8 per cent to $1.4479 as of 6:18 am in Tokyo Monday.
The pound was little changed at $1.4718 as of 9:11 a.m.in London after surging 2.4 percent against the greenback on Monday and 1.1 percent the previous day. The yen retreated 0.5 per cent to 104.71 per U.S. dollar. The currency was at 1.3027 against the Euro.
“This market continues to mimic the pattern of the Scottish referendum, where historical confidence in the eventual “No” vote slipped slightly 10 days before referendum day only to resettle in the week of the vote”, said Naomi Totten of Betfair, which places about a 75 per cent probability on the United Kingdom opting to stay inside the EU.
It’s a crucial week for investors around the globe, as the long-running United Kingdom referendum campaign enters its final days.
However, REMAIN has MOMENTUM on its side going into the last few days of the campaign, which therefore implies that unless LEAVE can pull a rabbit out of the hat then REMAINs lead could continue to widen over the last last few days. After two days when campaigning was suspended following Cox’s murder, Sunday saw both sides return to the fray.
The probability of a vote to leave declined to just under 30 per cent on Sunday from nearly 40 per cent on Wednesday, according to bookmaker odds processed by the Oddschecker website.
Last Thursdays killing of Pro-REMAIN Labour MP Jo Cox by a right wing extremist has had a dramatic effect on the European Union referendum, where a poll lead for LEAVE has evaporated to give REMAIN a marginal lead that this momentum analysis of the most recent polling data attempts to illuminate. “The markets have always been more comfortable with the United Kingdom remaining in the European Union”.
Advertisement
You have left for this month.
