by Marc Chandler
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The betting and events markets have shifted more decisively than the polls in favor of the UK to remain in the EU. Sterling extended its rally from $1.4010 last Thursday to nearly $1.4785 today, as the market participants adjust positions.
What is particular striking is that the asymmetrical perceptions of the personal impact of a vote to leave the EU. The Great Graphic here was posted on Business Insider, which took it from Kantar, a research firm.
A little more than 70% of the 18-24 yr old age cohort indicated they will vote to remain in the EU. Only 38% of those in the 65+ cohort favor remaining. The graphic shows that a many young people think they would be financially harmed by a Brexit vote.
Many political observers have noted that the demographic groups supporting Trump in the US are similar to those favoring Brexit. Clinton leads Trump among the 18-29 year-olds according to the latest NBC/WSJ poll |
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He has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.
Tags: Brexit,Donald Trump,Great Graphic,Hillary Clinton,newslettersent,Politics
