• Asian session: Brexit polls show “remain” with a significant lead

Market news

23 June 2016

Asian session: Brexit polls show “remain” with a significant lead

The pound traded near its yearly high in anticipation of today's referendum. Voting will end at 20:00 GMT, and the results will be announced at 02:00 GMT on Friday. In the case of a vote for "leave" leaders of the European countries and other organizations planning to hold a series of emergency meetings, the purpose of which - to calm the markets and prevent a domino effect in the weaker economies. EU leaders fear is particularly strong influence of the results on Ireland, as well as Portugal. According to the authorities, if the British vote for the exit from the EU, on Friday morning, the Central Bank will make a statement to reassure the markets.


The latest phone survey, conducted by ComRes show 48% remain against 42 leave, and YouGov (online) show 51% remain to 48% leave.


Meanwhile, bookmakers indicate a high probability (about 80%) that most Britons would vote for to stay in the EU.


The Yen traded lower beacause of today's high risk event. Markit economist Amy Braunbil said that the recent survey data point to a further deterioration of conditions of production in Japan. Both production and new orders indicate a sharp fall in global demand. She also said that the earthquake that took place in April, continues to have a negative impact on the manufacturing sector, although the uncertainty caused by negative interest rates may also be a weakening factor.


EUR / USD: during the Asian session, the pair was trading in the $ 1.1320-35

GBP / USD: during the Asian session, the pair was trading in the $ 1.4740-70

USD / JPY: during the Asian session, the pair was trading in range Y104.00-40

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