See the latest Australian dollar analysis here:
Who said polling was dead. One UK exit poll and it’s chaos:
Here we go. The polls have closed, and vote counting has started.
Before we get the official results, we can dissect the massive BBC/ITV/Sky exit poll, which was released moments ago.
It predicts a majority government for Boris Johnson’s Conservative Party, with 368 seats to Labour’s 191, the Scottish National Party’s 55 and the Liberal Democrats’ 13.
That would translate to a staggeringly large Tory majority of 86.
If the poll is correct, the Conservatives will gain 50 seats and Labour will lose 71.
The usual caveats apply, but this particular exit poll has a reputation for being remarkably accurate. It has correctly predicted the result in four of the last five elections.
At the last election, for example, it predicted 314 seats for the Conservatives and 266 for Labour. The actual result was 317-262.
Brexit to go ahead and global reflation is go, apparently…
It’s an AUD shorts pukethon:
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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