Boom: bigger than expected win for Leave in Sunderland sends GBP/USD temporarily below 1.43 and now we have a bounce to 1.44. Update: the bounce continues: already 300 pips from the lows.
Sunderland 51,930 38.66% 82,394 61.34%. This is wider than the 56% lead that was expected. In addition, it joins the Newcastle upset. Remain won but with a narrow margin of 51% against around 66% expected.
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It’s now 69% only for Remain according to bookmakers.
Looks like stops were triggered on GBP/USD – the falls are not that big on EUR/USD and others.
Leave is currently in the lead with 51% against 49%. This is according to 5 out of 382 areas reporting. It’s a long night.
And after the big collapse, we are back to 1.4555, around 250 pips from the swing low of 1.4286.
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And a reminder of expectations: