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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CHILE
The official campaigns for each side in the upcoming constitutional plebiscite on 4 September are set to wrap up tomorrow, 1 September. The window for opinion polling judging support for the 'approve' or 'reject' camps closed two weeks before the vote, with the reject campaign holding a relatively consistent, but not insurmountable, lead over the approve camp.
- Investors will be closely watching the outcome of the vote. Accepting the new document, drafted largely by independents and left-leaning representatives, could see some market jitters around concerns that the draft constitution gives significant powers to the gov't with fewer checks and balances.
- However, it should be noted that many of the more 'extreme' articles, such as nationalising Chile's mining sector, were stripped from the constitution, making it a much more moderate document.
- On the last day polling was published (19 August), 'approve' garnered an average of 44.1% support to 55.9% for the reject camp. However, the polling margins varied widely.
Chart 1. Opinion Polling for Chilean Constitutional Plebiscite, % and 6-Poll Moving Average
Source: Signos, Activa, AtlasIntel, Cadem, UDD, Data Influye, MORI/FIEL, Criteria, MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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