Brexit vote will move the market this week – Danske Bank

Research Team at Danske Bank, suggests that it's all about the UK Brexit vote this week and few other things will move the market as investors are side-lined awaiting the result.

Key Quotes

“Although more opinion polls have begun to show a majority for the 'leave' side, the two camps are almost equal in size. In addition, there are still many undecided voters although the number has declined throughout the campaign. Currently 10-15% of the voters say they do not know what to vote for (down from 15-20% previously). In other words, nothing is decided yet.

The latest Oddschecker probability shows a 31% probability of a Brexit based on a number of bookmaker quotes after hitting 43% early last week.

There are no major data releases today. Rest of the week main events are German ZEW (Tuesday), testimony by Fed chairman Janet Yellen to the Senate Banking Panel (Tuesday and Wednesday), Euro Flash PMI (Thursday) and German IFO (Friday).”