Swiss banking group CS out with a client note 22 June 2016
- would lower end-2016 forecast by 6% if Leave prevails (6600 prev f/cast)
- would cut Eurostoxx 50 futures end-2016 target to 2950 vs 2250 prev
- S&P f/cast cut to 2000 vs 2150
The FTSE yesterday closed +0.4% at 6226.55.
Meanwhile it's a steady start to the session. Rabbits caught in the headlights springs to mind. Or maybe it's just fatigue. Either way traders are being cautious as the big event draws ever closer.
GBPUSD 1.4680 EURGBP 0.7670 EURUSD 1.1260 USDJPY 104.50
