KPBN News

Ahead of UK Referendum Today



The official announcement regarding whether the UK will leave (Brexit) or remain (Bremain) in the EU will only be released on Friday (24/6). However, the results of the quick count will increase market volatility and could be used as a trading opportunity.
The results of the latest telephone survey conducted by ComRes indicate that the `remain` group is at 48%, ahead of the `leave` group at 42%. At the same time, YouGov also announced similar conclusions with the `remain` group at 51% and the `leave` group at 49%.
The two results caused GBPUSD to strengthen today. However, the final results of the referendum are still uncertain due to the small margin and swing voters. The ComRes survey indicates that the number of respondents who are undecided is at 11%.
The movement of gold and the yen as safe havens will also be greatly affected by the UK referendum. If the quick count results indicate that `remain` is in the lead, gold and the yen will likely weaken, while if `leave` wins it is likely that gold and the yen will strengthen.
For the record, the UK referendum is scheduled to start today at approximately 13:00 WIB and will end at approximately 04:00 WIB on Friday, 24 June. Vote counting will be done immediately and the results for some areas are expected to be announced starting at 07:30 WIB on Friday, 24 June. The final results, following the official announcement, are expected to be available at 13:00 WIB.

(Source: Monexnews.com-AS)