Brexit to set the pace

Brexit to set the pace. This is it, we are finally heading into “Brexit” week. The wait has been seemingly endless for investors and analysts alike. While swings in UK polls translating into highly volatile financial markets. The uncertainty will continue to increase until Friday early in the morning as the first results hit the street. For now, polls say that chances of Brexit are a coin toss. The two are expected to remain neck-to-neck until the very end. Elsewhere, central bankers across the planet remained sidelined ahead of the Brexit vote, saving firepower in case of a “yes” vote. The SNB would find itself in a tough situation as it would have limited tools to control a subsequent CHF appreciation.

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This article is a guest blog written by Peter Rosenstreich from Swissquote