Markets

Brexit Poll Results: Will the UK Leave or Stay in the EU?

We have been conducting an informal Brexit Poll to gauge trader sentiment on the June 23 EU referendum. The aim is to find out what traders inside and outside the UK feel about the result as a way o f measuring market sentiment. The question asked in the survey was:

Do you expect the June 23 Brexit referendum result to be the UK leaving or staying in the EU?

-- Leaving

-- Staying

This comes in a forex market where investors shot first by selling GBP on the uncertainty and seem to be taking a breath now as it is a long time until the vote. This saw GBPUSD fall to a 7 year low at 1.3837 and EURGBP reach a peak around .7926 vs. current levels at the time of this writing at 1.3995 and .7769. One source of GBP demand may be coming from the fall in the EUR as expectations that the ECB will ease monetary policy further on March 10 has pressured the currency lower across-the board.

Brexit Poll: What Do Traders Expect From the EU Referendum?

This is an ongoing poll with the results so far preliminary taken from a small sample. However, the results are worth noting as they reveal trader sentiment in general with differences from those in the UK.

Overall:

Brexit = leaving the EU: 38%

No Brexit = staying in the EU: 62%

UK respondents:

Brexit = leaving the EU: 58%

No Brexit = staying in the EU: 42%

As noted, the sample is still small and the poll is ongoing. It will be interesting to see if the results swing with the way sterling trades.

Stay tuned.

Click to participate in our Brexit Poll

Jay Meisler, founder

Global Traders Association

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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