So, the opinion polls, which had shown a big move towards a Remain vote, got it wrong yet again, with Leave squeaking a win by 51.9% to 48.1%.
For markets, which have seemingly largely priced out that probability over recent days, the market impact would be immediate if a Leave vote starts to look likely through during the early hours of Friday morning, including:
There was never any doubt that the ECB would ease policy at today’s Governing Council meeting. In the event, however, it beat expectations, adjusting policy in several different ways:
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