EU Referendum Update - TDS

Analysts at TD Securities offered the latest update.

Key Quotes:

"Results Continue to Trickle In, and Still Support a Remain Win

TD Securities predicts a REMAIN win.

We now have the first 10 voting areas reporting, and so far the results show support for Remain at 46.3%, and Leave at 53.7%. But with just over 1% of votes reported, there remains a long way to go. Turnout has so far averaged 73%, which again is supportive of the Remain camp.

Broadly speaking, most of the results have been in line with our forecast models (see below), which continue to point towards a final 52% Remain vote for the night.

Cable has retraced much of its earlier loss, but 10y Treasury yields have declined 4bps since Thursday close."