As the orchestrated “Brexit” referendum pantomime trundles on, with just one week to go before Britain votes on membership of the European Union, polls have emerged showing a slight swing back in sentiment towards the “Remain” campaign.

The shift in sentiment is being attributed by some to sympathy for the tragic killing last week of British Member of Parliament, Jo Cox, a committed advocate of Britain’s continued membership of the EU.

Other polls are showing both camps as being neck and neck with 44% apiece of what is expected to be a high voter turnout.

"This Brexit drama may be great news for those selling newspapers and pollsters but it is playing havoc with the global financial markets with many investors believing that the real issue is the referendum’s outcome representing a vote on the future of the European Union," writes Nick Cavendish, chief economist at Monex Financial.

“If Britain votes to leave and the pound sterling doesn’t collapse and its economy doesn’t collapse, we could see a whole slew of voters in other EU nations demanding a referendum on their country’s membership of the trading bloc” Cavendish adds.

Monex Financial says that a vote to leave could see the Pound rediscover its modest safe-haven credentials. “We suspect that after the initial shakeout following a leave vote, markets will realize that it’ll be more or less business as usual for the UK,” said Monica Freeman the firm’s chief markets strategist.

“One thing is for sure; we definitely won’t miss the term “Brexit”,” said Freeman.

About Monex Financial
Monex Financial is a privately held, fully independent investment and wealth management leader, with retail operations based in Toronto, Canada and corporate trading division headquartered in Tokyo, Japan.

From our offices in Toronto the capital city of the province of Ontario and financial and business capital of Canada, we serve private individuals and families from N. America to Europe and with our corporate trading division strategically located in Tokyo, Japan, we have unrivalled access to Asia’s high yielding emerging markets, access to corporate resources, private equity and global mergers and acquisitions.