Wizx:
Maybank Summary of Brexit
[Christopher Wong, senior FX analyst]
Our base case scenario is for Bremain
If Bremain:
*GBP and Oil prices will see a rebound
*GBP/AxJ currencies should see a breather rally +2-6%
*Safe haven currencies like CHF, JPY could unwind
If Brexit (basically all hell breaks loose)
*GBP could test multi year lows of 1.3503 (Jan 2009) and beyond 1.33 levels
*Safe haven proxies like CHF, JPY, US$ and gold will surge
*Oil prices would come under pressure...-15%
*GBP/AxJ currencies could decline by 10% on avg
Timeline of Events:
19 June BBC Interview with PM Cameron
21 June BBC Live Telecast from Wembley
22 June Final TV debate
23 June Voting to close at 10PM UK time
24 June First results will be known 1AM GMT / 8 AM SG/KL Time
24 June National declaration by 6-7AM GMT / 1-2 PM SG/KL Time
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