Currency Traders Face 3 a.m. Singapore Start for Brexit Results
- UBS, Oanda, Macquarie among those calling traders in early
- Global leaders, Soros have warned Brexit vote will roil market
If Britain Votes Leave, What Happens Next?
This article is for subscribers only.
As the U.K. decides on its future in or out of the European Union, currency traders and analysts thousands of miles away in Asia, will be at their desks well before dawn.
Voting is scheduled to close at 10 p.m. in the U.K. on Thursday, or 5 a.m. in Singapore on Friday. Traders and analysts in the region’s biggest foreign-exchange center are bracing for potential turmoil in the 24-hour global foreign-exchange market as the bulk of the results are expected to be in by 10:30 a.m. in the Asian city. With the outcome too close to call based on the latest polls, they are preparing for global fallout should Britons vote to withdraw from the world’s largest trading bloc.