Regarding Brexit, Pound is Still the Most Talked-About Currency

June 9, 2016

After its volatility on the three latest Brexit poll results showing the percentage rise in the number of Brexit backers, the pound is still in high market attention as the EU referendum is approaching. Sentifi is able to deliver some unique insights that our machine has caught from the financial crowd in relation to the pound.

Considered as the most volatile currency related to Brexit, the pound is expected to drop by 20%, according to Allianz SE Chief Economist Michael Heise. Following that, Malaysian investors see a potential risk in their real estate investments in the U.K. Malaysia is Asia’s third largest investor of the U.K. property market in 2014 and 2015.

The Exchange Rates U.K. also points outs the development of Brexit is a key driver for the pound exchange rate volatility.

Allianz SE predicts a probability of 30% to 40% that the U.K. will leave the EU. And according to The Economist poll tracker, the distance between Leave side and Remain side is “uncomfortably close.”

Brexit - Pound 2

Sentifi’s Brexit Live Monitor is now available on Sentifi Insights with unique insights from the financial crowd regarding the most talked-about stocks, central banks and currencies affected by the event.

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Sentifi – Brexit Widget

 

This is also a widget which can be embedded on any webpage, FREE of charge. Follow the instructions here: http://demo-widget.sentifi.com/brexit/ and let us know your feedback.

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