Brexit Referendum Vote Time Schedule to expect possible market high volatility

June 22, 2016

Brexit Referendum Vote Time Schedule to expect possible market high volatility

Everyone is looking for the extreme high volatility coming soon due too the “Brexit Referendum Vote”.

The vote will be placed in UK on 23th of June, and it will decide whether the population of UK are wishing to separate themselves from EU.

Already the financial market is experiencing the volatility on some currency pairs especially GBP and EUR cross currency pairs.

But it has just started, as the Referendum Vote will begin tomorrow and you may expect the volatile market prices for two days.

So what time it starts and ends?

FXDD has announced the time schedule for the Brexit Vote below, that will give you some edge on your trading through the period.

23th of June 7:00am – 10:00pm Referendum Vote
24th of June 12:30am Start counting
3:00am 30% of the counting to be done, and announced
4:00am 50% of the counting to be done, and announced
7:00am The final announcement of the result

So what is expected during the above schedule?

If you are planning on trading and earn the chance to make profits then you may expect

  • Volatile market price
  • Wider spread than normal hours
  • Possible Re-quotes or slippage due to the low liquidity

Although, depending on the situation, the high market volatility continues after the vote ends. So you may want to monitor the market and see how the market is responding to  it.

It is a smart thinking that you deposit more or close some existing open positions to reduce risk exposures.

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