Just To Brink A Smile To Mikey's Face'

[Jackdaw33]

10% lead for Brexit.

http://www.independent.co.uk/news/uk/politics/eu-referendum-poll-brexit-leave-campaign-10-point-lead-remain-boris-johnson-nigel-farage-david-a7075131.html

[TheChair]

For a 100% unbiased view on Brexit, you need only check the latest poll, and then the current exchange rate. Brexit up, pound down, and vice versa.

[youngmafbog]

Are you honestly claiming a direct correlation of Brexit and exchange rate?

So when there is no Brexit why does it go down then?

And it's actually up against the Dollar, not that I personally would say .001 is much of an issue (the rate change up GBP vs USD and rate change down vs EUR)

[Zacs-Master]

I'd have a read of this YMB:
http://www.telegraph.co.uk/business/2016/06/06/sterling-volatility-hits-crisis-levels-as-two-polls-show-britons/

[youngmafbog]

But you still dont know the real reason behind it, with currency trading often no one does as it is simply glorified gambling.

When there is a potential big change in the market then there is opportunity for the traders to make money, selling in and out of the currency. When they start doing that larger less volatile funds such as pension funds will have to move the money out to protect the investor.

We wont actually know whether or not Brexit really makes a difference until a couple of months after the vote, things settle and the traders put their gaze elsewhere.

I suspect you know all of that though.

[Zacs-Master]

We're not talking about whether a brexit would affect the exchange rate. We're talking about whether the THREAT of a brexit is affecting it and the link I posted proves it is.

[vetuste_ennemi]

There's something dodgy about a market research group which describes itself thus: "ORB INTERNATIONAL employs state of the art analytical and simulation techniques, including multi-variate analysis, conjoint and econometric modeling. ORB International specialises in geo-spatial mapping and analysis."
The sample is only 2000, by the way.

[vetuste_ennemi]

We don't need to read the link or even understand forex to know that brexit will cause turmoil in the markets and the rate of the pound. So what?

[jourdain2]

Well, I hope this poll proves accurate. Not too much faith in polls. I'm not really surprised at the movement - we don't like being bullied and we don't like bullies. My reaction to the German Finance Minister's statement that we would not be able to access the market was:-

1 You and whose army says so?

and 2) I wonder what the CEO of Mercedes cars will have to say about that?