Nick Parsons

I'm one of the people who was here the last time we were trading at $1.35. It's back to the future, we're back to where we were in 1985, we've had a 10 percent decline in six hours. That's simply extraordinary. And a vote to leave provides an existential crisis for Europe.

The midnight deadline for Europe seems a long way away, overnight we have a traditional risk-on mood, but there is a general wariness that is crimping investor participation in the market. The order flow really is very thin.