Brexit Referendum Timeline: When Will Markets Go Haywire?
- How to deal and trade during the Brexit referendum, and the key times that volatility is likely to rise.
With the referendum day finally upon us, foreign exchange trading brokerages and their clients are preparing for the outcome with vigilance. The uncertainty about the vote has brought substantial Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in recent days which ultimately culminated with the British pound rising to its best levels against the U.S. dollar in 2016.
With the polls now, we are following up with the most important times for the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs brokers and traders alike. During the day, the publication of exit polls is forbidden by U.K. law. That said, a number of hedge funds are conducting their own polling and the industry should be aware that price swings that may seem random at first, might actually have some meat behind them.
The polls will close at 09:00 PM GMT, which is 10:00 PM London time during the summer, also known as BST.
Just as the polling stations close, YouGov and Sky News will announce the results from their ‘on the day’ polls. In the case of the Scottish referendum, these polls have proved to be quite an accurate assessment of the final outcome. This is likely to be the most eventful time of the night, as all market traders actually conform to some publicly available results.
After the polls close, we are coming to the vote count phase of the night, where polling stations start counting locally and announce results between 02:00 AM and 04:00 AM BST. According to the BBC, an accurate estimate of the final outcome of the vote should be available sometime around 04:00 AM London time.
The estimate of The Electoral Commission will be coming in at around “breakfast time” on Friday, 24 June. The markets will have fully priced in the outcome of the referendum, so that is not expected to be a big event for the GBP pairs and for global financial markets.
With the referendum day finally upon us, foreign exchange trading brokerages and their clients are preparing for the outcome with vigilance. The uncertainty about the vote has brought substantial Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in recent days which ultimately culminated with the British pound rising to its best levels against the U.S. dollar in 2016.
With the polls now, we are following up with the most important times for the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs brokers and traders alike. During the day, the publication of exit polls is forbidden by U.K. law. That said, a number of hedge funds are conducting their own polling and the industry should be aware that price swings that may seem random at first, might actually have some meat behind them.
The polls will close at 09:00 PM GMT, which is 10:00 PM London time during the summer, also known as BST.
Just as the polling stations close, YouGov and Sky News will announce the results from their ‘on the day’ polls. In the case of the Scottish referendum, these polls have proved to be quite an accurate assessment of the final outcome. This is likely to be the most eventful time of the night, as all market traders actually conform to some publicly available results.
After the polls close, we are coming to the vote count phase of the night, where polling stations start counting locally and announce results between 02:00 AM and 04:00 AM BST. According to the BBC, an accurate estimate of the final outcome of the vote should be available sometime around 04:00 AM London time.
The estimate of The Electoral Commission will be coming in at around “breakfast time” on Friday, 24 June. The markets will have fully priced in the outcome of the referendum, so that is not expected to be a big event for the GBP pairs and for global financial markets.