Market and Central Banks on Alert for Brexit Vote

Market participants are anxiously awaiting the results of a U.K. referendum that will show whether the nation has chosen to leave the EU (“Brexit”) on Thursday.

According to a recent Reuters’ article, an "out" Brexit vote would raise questions about the future of the EU, which accounts for nearly a quarter of global output. Reuters explains, with opinion polls showing support for "out" in the lead, central banks are nervously awaiting the outcome.

"Clearly this is a very important decision for the United Kingdom and for Europe," Federal Reserve Chair Janet Yellen said last Wednesday after the U.S. central bank kept interest rates on hold. "It is a decision that could have consequences for economic and financial conditions in global financial markets..[and] it could have consequences in turn for the U.S. economic outlook that would be a factor in deciding on the appropriate path of policy."

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