U.K. Referendum: Turnout Is Key

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Includes: FXB
by: Marc Chandler

Summary

Younger voters are more supportive of the EU.

There has been an increase in the intention of younger cohorts to vote.

There has been a decline in the intention of some older cohorts to vote.

We showed that younger age cohorts in the UK are more inclined to vote to stay in the EU than their elders. However, some suggested that this consideration is blunted by the fact that the younger people are less likely to vote.

That may have been the case, but as this graph of intention by the pollster ORB (h/t @joshTANoble) shows, the situation is more dynamic. Since the start of the month, there appears to have been a dramatic increase in the number of the two youngest cohorts who intend to vote. The percentage of the youngest cohort (18-24) has more than doubled, though is still the lowest expected participation rate. The next youngest cohort (25-34) has also more than doubled and now stands above the cohort just ahead of them (35-44) and the oldest cohort (65+).

Of note, there results detect a decline in the percentage of older (65+) and a middle age (45-54) cohort. In the UK, there are roughly 17 mln people in the UK aged 19-40. There are almost 13 mln people in the UK aged 60-90. There are of course other ways to fissures among UK voters, though the demographic divide seems particularly useful. The turnout is important.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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