Moneycontrol
HomeNewsBusinessMarketsSee different markets falling 3-4% if Brexit happens: Rabobank
Trending Topics

See different markets falling 3-4% if Brexit happens: Rabobank

The UK referendum is on a knife-edge and it is very difficult to predict, says Michael Every of Rabobank.

June 24, 2016 / 09:39 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Speaking to CNBC-TV18 Michael Every of Rabobank said the UK referendum is on a knife-edge and it is very difficult to predict. "The bookmakers have the best odds, now," he said. Sterling started out at 150 against US dollar and now it is 145. There have been risk-on, risk-of trades, he said. 

"No one I know is taking any positions today. Liquidity is thin and volatility is high." 

Story continues below Advertisement

He expects different markets to fall 3-4 percent if a Brexit happens.For entire interview, watch accompanying video. 

first published: Jun 24, 2016 07:12 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!