TenkoFX - Analytics


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    Unanimous consensus Leave won, it's a game changer!

    The UK has voted by 52% to 48% to leave the European Union after 43 years in an historic referendum, the BBC notes, according to its forecasters. The news station has joined prior predictions from ITV, Sky News and CNN calling for the leave camp as victorious.Right from the get go, the Leave camp showed some very impressive results, with Sunderland being the first shocker, as Leave supports won by a big margin against all odds. That result led to a massive drop in the Sterling (the most aggressive leg). The results that followed aftewards only confirmed the pattern of Leave outperforming where they were supposed not to, while Remain performing quite poorly in stronghold areas (considering optimistic predictions).As the night unfolded, more and more evidence was provided that the Leave campaign would come ahead. At one stage, UKIP leader Nigel Farage , who as the BBC notes, "has campaigned for the past 20 years for Britain to leave the EU", told supporters "this will be a victory for ordinary people, for decent people".As Sky News reports: " The outcome plunges into doubt the future of the Prime Minister David Cameron, who called the referendum, with some of his own backbenchers openly raising the possibility of a general election."As per the Sterling, it plunged to its lowest level in 31 years against the US Dollar, exchanging hands below at 1.33 at one stage. As MNI reports, BBC Economics Editor noted that BOE Governor Mark Carney is expected to make an address later Friday, possibly speaking after PM David Cameron.

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