Shameless bankers 'gamble with Britain's economy' in bid to make money from EU referendum
“PARASITIC” bankers are shamelessly playing roulette with Britain’s economy as they gamble billions of pounds in the hope of making a quick buck out of the EU referendum.
City traders are reportedly playing roulette with the economy by gambling over Eu Referendum
Hegefunds commissioned expensive private exit polls in a bid to predict the outcome of the referendum before a result is officially announced.
Now traders have embarked upon an all-night feeding frenzy, placing huge bets on foreign currencies in an attempt to clean up before stock exchanges open again tomorrow.
There is something very parasitical about trying to gamble on the back of the fate of the nation
Furious MPs believe the public will be angered by the bankers’ money-grabbing attitude, especially after much of the electorate queued in the driving rain to place their vote yesterday.
Chris Leslie, Labour's former shadow chancellor, said: “There is something very parasitical about trying to gamble on the back of the fate of the nation. While I am not surprised the City is watching this vote closely, it does leave you with a slightly bitter taste.
“My main concern is that markets are stable and ordinary people's savings and pensions are not put on the line in some grand gamble.”
The London Stock Exchange has closed overnight but could make billions in the morning
John Mann, a Labour member of the Commons Treasury committee, said: “Here we go again. This shows the difference between all of us and the false world these City traders and bankers live in – gambling with other people's money.
“Bankers have hit the living standards and jobs of people across the country. They set an appalling example to everyone. It can't get any lower than this. The country will come together and unite in anger.”
Exit polls have not been conducted by broadcasters, unlike at the General Election, amid fears they would not be accurate enough.
The City sees the EU referendum as a money making opportunity
This means bans have conducted their own polling and could gain crucial trading information as a result.
Foreign currency dealers will have been able to exploit their advantage through the night because their markets stay open 24 hours and greedy bankers can hardly contain their excitement.
One said: “The referendum is an incredible opportunity to make money” while one stockbroker called for “Champagne breakfasts all round”.
The pound has plummeted against the dollar as city traders go wild
While the London Stock Exchange was closed, traders could prepare to bet on shares going down when it reopened tomorrow – the practice known as short-selling.
Barclays said around £95billion is waiting to be invested by clients.