HALISTER1: GBP May Tumble 9%, EUR -3% on First Day of Brexit: HSBC Poll

GBP May Tumble 9%, EUR -3% on First Day of Brexit: HSBC Poll

(Bloomberg) -- The pound may tumble up to 9% while euro will slide over 3% by 4pm London time on June 24th if the U.K. votes to leave the EU, according to an internal HSBC FX poll.
  • EUR/USD may decline 3.4% by late afternoon the day after the referendum, before accelerating losses to as much as 5.2% in the next month
  • GBP/USD is seen dropping 8.6% by 4pm London on June 24th and maintaining its decline to -9.0% one month later
  • Should U.K. vote to remain in EU, EUR/USD is seen rising 1.2% in first 24 hours, before trimming gains to 0.7% after 1 month
    • GBP/USD will rally 4.3% by 4pm London, before paring gains to 3.9% a month later
  • EUR/USD currently steady at 1.1262
  • GBP/USD down 0.2% to 1.4180
  • Latest Brexit polling here
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Topics
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