These 5 charts from Deutsche Bank show how Brexit is moving global markets
Now, Deutsche Bank analysts have unveiled a set of charts that show how Britain's potential Brexit - the UK leaving the European Union - is moving markets around the world.
For the past few weeks, investors have been glued to the UK's referendum on its EU membership because the result is currently too close to call.
It has been a topsy-turvy campaign and, with just a few days to go, "Remain" surged to a 7-point lead over the rival "Leave" camp, according to a poll for the Telegraph.
But the Leave camp, which had been trailing Remain for months, had briefly taken the lead in the polls last week. According to the Telegraph poll, Leave had a one-point lead over Remain in the same survey on June 13.
Analysts at Deutsche Bank have documented how the volatility in the betting markets and across different polls has translated into huge market moves on a global scale. It shows that investors think a Brexit would resonate across the global economy.
Here is what Deutsche Bank has to say (emphasis ours):
"The June 23rd UK referendum has been the dominant theme for markets, with shifts in opinion polls and betting odds leading to sharp swings in asset prices.
"Markets went from pricing very little to pricing about 50-50 odds as Leave gained momentum. The subsequent partial reversal in polls has led to some unwind of this risk premium.
"The outcome of the referendum remains too close to call."
Here is what that uncertainty is doing to global markets:
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