“If ‘leave’ wins, there would be quite a substantial period of volatility in financial markets. If the UK does jump, it could mean the world’s already easy monetary policy is left looser for longer. Australia’s central bank said the same day that it is worried about “particular” event risk after a period of relative calm in markets. Denmark’s central bank has already dumped the equivalent of $3.5 billion in kroner in May to weaken its currency as the vote nears. Fed Bank of St. Louis president James Bullard said in May that a Brexit would not be the global financial event some perceive it to be.

Source: Mint June 08, 2016 06:55 UTC