News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Euro, Pound Gap Higher as Yen Drops Amid Ebbing Brexit Fears

Euro, Pound Gap Higher as Yen Drops Amid Ebbing Brexit Fears

2016-06-20 00:05:00
Varun Jaitly,
Share:

Talking Points:

  • Euro, Pound and risk-on FX gap higher, Yen drops after latest UK “Brexit” polling
  • Survation, YouGov and Opinium release polls showing growing “Remain” support
  • UK EU membership referendum in 4 days, will see more polls released prior to vote

Having trouble trading in the FX markets? This may be why.

Currency markets opened with noteworthy gaps for the major currencies. The Euro, Pound and risk-on currencies including the Australian, Canadian and New Zealand Dollars opened higher. The anti-risk Japanese Yen, Swiss Franc and US Dollar declined. These gaps are likely due to the most recent “Brexit” polling data released over the weekend. The polls released by Survation, YouGov and Opinium showed a sentiment shift back in favor of the “Remain” camp.

Polls from the weeks prior by the same agencies showed the “Leave” campaign leading by 2 to 3 percent. The shift in sentiment prior to the Brexit referendum vote on June 23rd is likely driving market optimism because a “Remain” vote would spare investors having to account for the inherent uncertainty in pricing in the unprecedented scenario of secession by an EU member state. Polling agencies will conduct some final surveys in the days leading up to the vote. A survey from ICM is due on Monday, ORB will publish a poll on Tuesday and Opinium is up on Wednesday.

Euro, Pound Gap Higher as Yen Drops Amid Ebbing Brexit FearsEuro, Pound Gap Higher as Yen Drops Amid Ebbing Brexit FearsEuro, Pound Gap Higher as Yen Drops Amid Ebbing Brexit FearsEuro, Pound Gap Higher as Yen Drops Amid Ebbing Brexit Fears

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES