It’s been a truly historic night for the UK as it appears that the people have voted to leave the European Union after a number of news channels confirmed that a win for remain is all but impossible. This comes after financial markets were convinced that the result would be a comfortable win for the remain side and betting odds supported it, with implied odds close to 90% for remain on Thursday.
In 15 hours or so, the voting will begin and soon we will find out whether the UK public has chosen to remain or exit the European Union. As you would expect, politicians are making their final pitch for votes on the last day of campaigning as they try to win support of those still undecided.
Global stocks rose sharply today and sterling strengthened broadly while safe-havens including the yen and gold retreated, after polls showed support for Britain staying in the European Union regaining momentum before Thursday's referendum.
The U.S. dollar/Japanese yen (USD/JPY) currency pair went out of the red wave 4 triangle and down into wave 5 to lower levels. Currently, we are trading around potential resistance for the black wave 4 in the red wave 5 and we think one more push d
Worries that Britain could vote to leave the European Union in two weeks' time spread across the currency market on Friday, with the safe-haven yen hitting an eight-week high as investors ditched riskier assets for safety.