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An increasingly 'lame duck' Fed kept policy basically unchanged on Wednesday, which was interpreted as mildly hawkish relative to market expectations, and the US dollar firmed on the announcement. Markets now look forward to a key Brexit speech on Friday from the British prime minister.
Article / 13 June 2016 at 10:00 GMT

Saxo on Brexit: Britain enters the final lap

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Saxo on Brexit: Britain enters the final lap

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goldfinger goldfinger
I don't know whether this is of interest. I live in Devon and for those that don't know the UK, is in the South West. I have spoken to over 500 people and a reasonable cross section of society, and I can find very few remain voters.
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Martin O'Rourke Martin O'Rourke
Hi goldfinger. It's a really interesting point and we're picking up a lot of that anecdotally too. We do wonder whether there is a reticence to come out as a 'Remain' voter somewhat like there has been at elections when it comes to voting for the Conservative Party. Last year's general election 'shock' definitely indicates that this was a factor. https://www.tradingfloor.com/posts/morning-markets-camerons-spectacular-triumph-4735135 . What is obvious though is that whatever the rights and wrongs of the debate, the 'Leave' campaign does look like the one that is gathering momentum.
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Clare MacCarthy Clare MacCarthy
Hi goldfinger, there was a very prescient piece in the FT last month about your Cornish neighbours.
"Cornwall’s Brexit backers show that money cannot buy EU love". http://www.ft.com/intl/cms/s/2/9b881406-1b46-11e6-b286-cddde55ca122.html#axzz4BSKbpM8n
I also remember several Danish referendums that went the "wrong" way despite the backing of some 80% of political parties. When it comes to the EU people don't tend to listen to their leaders....
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goldfinger goldfinger
You are right about money not buying love. Cornwall received so much grant aid they couldn't spend it. We now have roads leading to nowhere as we wait for industrial estates to be built that will never be filled. Cornwall is made up of small businesses, very small businesses in the main. Devon, on the other hand, has received far less largesse. Larger population and a thriving economy, not withstanding..
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Martin O'Rourke Martin O'Rourke
Bloomberg's Brexit-watch tracker now puts the chances of Brexit at 39% which is a 14-percentage point rise on Monday. http://www.bloomberg.com/graphics/2016-brexit-watch/
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Simon Kjaer Simon Kjaer
Today's likelikehood score puts chances for a Brexit happening at a 37%. Source: http://www.bloomberg.com/graphics/2016-brexit-watch/
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Clare MacCarthy Clare MacCarthy
Thanks, Simon. It's certainly getting scarier!
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