Before the dust has settled on the first Fed hike we're already looking for the next one
Citigroup has brought forward their next Fed hike call to March from Mid-2016. As it stands the probability of a hike in March stands at 39.5% according to Fed funds futures
They also see a 35% chance that the UK votes to leave the EU and that markets are only just waking to the serious risk of an exit. Citi's chief economist adds that a terror attack in the run up to a ballot would increase the chances of a no vote
I can't see that myself personally as I don't think terrorists care what market we're part of
The risk of a no vote will be the loudest call in the run up to the referendum but the trade will be to fade that fear. I don't think we're even close to that trade just yet
