Show less
Video / 24 June 2016 at 6:46 GMT

Watch for central bank reactions to Brexit: Jakobsen

Steen Jakobsen
Throughout the day the most important thing to watch out for will be how the Bank of England and the ECB respond to the result of the UK’s EU referendum, which saw a majority of voters in favour of leaving the EU, says Saxo Bank’s Chief Economist Steen Jakobsen.

With markets expecting a different outcome, the British pound took a serious beating as the result became clear overnight, and Sterling at one point traded at the lowest since 1985.

Jakobsen expects both the BoE and the ECB will react by providing “infinite liquidity” to the markets and the BoE may even cut rates at some point Friday to calm the markets.

Jakobsen also look at the long-term implications of the Brexit vote, arguing it could be good for Europe and economic growth.

24 June
zefy zefy
Martin, it is fantastic job TradingFloor team has done by providing these timely updates today!
24 June
Martin O'Rourke Martin O'Rourke
zefy, thanks so much for your kind words. We do our best!
24 June
fxtime fxtime
Yeah agree...great coverage :-)


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail