from Zero Hedge
The Fed’s June rate hike decision is due in just over 24 hours, but at this moment nobody cares for two reasons: the market implied probability of a rate hike announcement is 0% (technically, less than zero), and, as DB puts it, “the UK EU referendum is suddenly totally dominant in financial markets” – the increased focus comes as the leave campaign has gathered steam as 4 polls yesterday afternoon/evening put the ‘leave’ campaign ahead.
- ICM phone and online poll showed 53% would vote to leave EU and 47% to remain. (Guardian)
- YouGov/Times poll showed 46% would vote to leave EU and 39% to remain. (The Times)
- ORB/Telegraph poll showed 49% would vote to leave EU 48% to remain. (The Telegraph)
But it’s not just the volatile polls this time: overnight Britain’s biggest selling daily newspaper The Sun has backed the campaign for the UK to leave the European Union, delivering a major boost to the Brexit camp just nine days before the EU referendum.