you're watching tomorrow? >> that's it. i want to watch the vix, should come down if we get the expected vote. >> over 20 a day or so ago. that does it for "closing bell." "fast money" begins right now. "fast money" starts right now. it is 10:00 p.m. on this historic day in the uk and voting on the brexit referendum is over. full coverage this whole hour. cnbc's wilford cross in london and sara eisen in london gaearig up for a wild night of trading. first the markets here. voted, surging above 18,000. s&p 50020 points away from all-time heiss. do a vote of our own on the desk. >> i like the vote. >> come tomorrow, will england be in or out of the eu? >> in. >> market's pollsters say in. not pretending i know. i don't.

talked about it. cooler heads prevail. probably stay in. i i don't meant to if that's the point. many of these types of discussions going forward. the first crack in my opinion, in the eu and leading to many cracks down the road. >> not the first crack at all. we've had greece, potentially a vote in spain. a number of different places wherein, in fact, what most people should know, if though don't already, the eu ranks et in terms of euro skepticism. mypoint, we know that europe san imperfect solution, that these guys are going through major issues on migration. certainly going through issues on their various economies, but to say we're going to be in this brave new world because britain's gone to the polls. think about it -- >> wait, wait. >> i asked a question on top and need an answer. in our out? >> of course in. >> all right. >> and this poll isn't legally

binding. voted by parliament then, even on a exit, they'll be in. in with conditions no matter what happens, my view. >> in or out? >> i see see you and made the rally moving higher. the initial move will be higher. fade that rally. to your point, what guy cited as events, those evets in my opinion, massive trading events. dislocation in the market, caused chaos and concern. i think guy is 100% right. volatility and moves going forward. >> why is this not a sell the news event with the s&p 500 pointing away -- t. >> it is. >> tomorrow is the biggest rebalance in the -- volatility and volume and guys took that traysoff ahead of this because being concerns about brexit. volatility, volume, everything picking up tomorrow in a massive way and realize international investors held it in.

powder dry. tomorrow get back in, not single stocks. in etfs. >> a massive move in most of the stm stock markets. people put their money in already. to say this is not a big deal, order of magnitude larger than greece or anything else. my view, they say in because of the you decided vote goes to the remaining side. a lot of volatility. remain priced in and tomorrow could be a lot more volatile than people expect. >> clean sweep on ins here on the desk. to guy's point, upcoming elections, 50% of the eu the gdp is going to vote. countries representeding 50% will vote by the end of 2017. >> we'll face ale of these votes in the next couple of years. >> make the same peril. it's going on around the world, going on here. popular vote, opposition party

using these events to garner support. going to happen in spain and france. to say slid we're in a brand new day, i argue could be something positive for the eu out of this. brussels maze mistakes on the social, integration side and economic, and moving too fast towards a federal eu. smacked here and could be good out of this. make changes. a lot of discontent and i think britain will stay in and stay in and win. cameron needs for con sessions back to the people f. they day in, right? the vote is as close as everybody is thinking. 51-49. you definitely deteriorate some of cameron's political capital and then you give power to the other kind of more radical parties throughout of europe. again, i don't think this is the end of the volatility for this and i do think it is the tip of the iceberg we're going to se a lot of these and it only takes one. right? we can have multiple votes.

people stay in. one time it happens, chaos. >> where is is that, if that scenario happens? >> which scenario? >> very close. power to the radicals. >> british pound and then euro. the two. in the currency markets. >> latest, brexit poll, straight to wilford cross in london for that. wil? >> thank you, melissa. just had it, results of this latest poll, 52 remain, 42. and not an exit poll. telephone poll taken today. the last time, ugov, did a poll like this, 59-49. this one, 52-48. i say again, not an official exit poll. none of the broadcasters are doing this them tycime. the first significant poll since polls closed a minute ago. increased move from the lft poll, which was 51-49. we are expecting one or two more

polls in the next hour. and we also have a comment from nigel farage, leader of the uk independence party e. that moment reported by skype. he says, looks like remain will edge it. so a slightly pessimistic and down-beat view from the leader of the party, nigel farage, but we know we need to wait throughout the night for official results. no official exit poll and no history tgo on on this particulr vote. 52-48. telephone poll around 5,000 people not an exit poll. back to you. >> wilford, thank you. checking back with wilford frost, interviewing the director of international projects. for more, later in the hour. a quick check on british pound versus u.s. dollar not gone back to be highs earlier in the session, a high back to december 25, 2015.

but we are still up sharply. >> i think bryan is right, enormous rally. outrallied fundamentals. look at the uk, significant problems with their economy to begin with. a triple deficit country, trade, fiscal and on a trade -- and so, on a debt to gdp basis, these guys have also been printing a lot of debt, but when i look at markets here. i don't care whether the pound weakens up. i this the pound in a bottom in february. when i look at the pound as a risk currency and risk on, that to me is more indicative and not always going to trade on fundamentals. look what its doing in commodities and to emerging markets. >> say the latest ugov poll holds, remaine is in. you are right. geniuses on the desk. >> good point. thank you. >> what do you buy, sell tomorrow? >> i generally want to fade the rally. >> which rally? >> moving higher. >> stocks? >> stocks, equities higher off

the gate. fade the rally and sell. closer to lows tomorrow, they trade. there are sectors that have been under or beaten down for the wrong reasons in some cases, but banks. talked about the banks last week. they've rallied. seen the move. the stress test came out. next week were important data as well, as far as capital shareholde shareholders. an important catalyst for the banks. look at beaten down sectors, banks and airlines. throw airlines in as well. >> and buy, hold? sell? >> global slowdown nothing is changed. this vote has taken some of the -- putting a microscope on this to the extent it doesn't look at anything else. the fundamental problems i see globally to me still exist. what do you buy? buy things that are sold over the last couple days. for example, you get back into the bond market. which sold of you a little. even though the gold market sold out of, not nearly to the magnitude it should have if gold was people taking a flier. buy bonds, buy gold.

>> silver has held up, too. look at silver, and at the same too many i would actually buy the u.s. dollar as well. they can rally together. uups, after the u.s. dollar. >> how did the dollar rally a flight to quality vehicle? the fed in the last few days in the middle of this, yellen has gotten more dovish than before. >> i don't know about that. i wouldn't say that at all. >> that we can read the fed. >> right. >> take the fed out. the dollar rallies because a $9 trillion short position in the u.s. dollar be it u.s. dollar debt around the world creating a buying in there. created a natural buyer in there, and as the credit cycle turns that debt will have to be paid back, and people will have to buy back dollars. that's why the dollar is higher. >> i don't understand when that will happen. >> now. it's happening. >> you're seeing the dollar trade and the yen. two funding currencies, the yen will continue to appreciate. that ultimately to me is something that's dangerous. i look at the dollar. a case of right now the fed

indicated they're probably not going anytime soon. economic fundamentals in the u.s., similar to the rest of the worlds. it's not really that much of a stronger u.s. economy and the central bank differentials aren't that it different. the dollar technically broken down. closing on the dixie tomorrow, uptrend in the dollar is toast. we've een -- >> i don't know about that. >> look at 9 other things. first of all, you get over 1.5% yield on ten-year bods here on the dollar. and even though the u.s. economy and world economy may be closer than we think, you're still getting a great yield differential, and then look -- say what happens, the rally and british pound will fade. that's 10% to 15% of the u.s. dollar index. euro likely to go lower prp as that economy weakens we'll see that. saw it in some of the economic data today. you'll see that weaken and most of those, and the yen as well, not with you that the yen gets stronger. massive rally today in the yen.

and the jp japanese facials sayisa officials the move is one-sided. >> literally on the opposite side of the trade? selling u.s. dollars? >> a be saluak salutely. dollar peaked. if the data is that much better than dollar supportive, you shouldn't be that concerned about the u.s. economy and all of the things you've been bly flying in the face of. make nos sense to me. >> i don't any the date taye will get better but in either case the dollar goes higher, because the dollar has become a safe haven currency and say i'm wrong about the u.s. economy and it starts to get better. then the dollar's going to do well. it's a great hedge to my bearish view. >> explain quick, one of the excuses the fed gave for not moving was the brexit vote. behind them now and quickly running out of excuses no the to move. >> will they move sooner rather than later? >> yes. >> dead for a year. >> sideways. not dead. coming up, moments ago the fed released stress test results on the major banks.

kate kelsey here to tell us if the banks did well and which did not. plus a crazy night for curren currenci currencies. what to expect and when in what's sure to be a wild night of trading. and whether the eu sdits to leave or stay and what it is and whether traders are bull be. sthats when "fast money" returns. welcome to opportunity's knocking, where self-proclaimed financial superstars pitch you investment opportunities. i've got a fantastic deal for you- gold! with the right pool of investors, there's a lot of money to be made. but first, investors must ask the right questions and use the smartcheck challenge to make the right decisions. you're not even registered; i'm done with you! i can...i can... savvy investors check their financial pro's background by visiting smartcheck.gov

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. and we have details at the headquarters. >> rates out and 33 key financial firms with at least 50 billion dollars in total

consolidated assets feared well in an an federal reserve test. in a set of conditions the fed deemed severely adverse, the 33 firms came through with crucial tier one capital ratios of 8.4%. well above the minimum rooim requirements. and 385 billion would have been credit loss from areas like credit cards and mortgages and $113 billion in counterparty trading losses among other things. the severely adverse scenario included an unemployment rate of 10%, fallen gdp 6.25% and negative yields for short-term u.s. treasuries. fed officials emphasized the firms collectively are growing and cushioning themselves better for a potential future crisis. without tipping a hand whether banks capital plans including buybacks are workable or not the

fed noted the group as a whole resided above the minimum capital requirements in various measures looked at. find out more next wednesday when the fed releases results. the capital analysis and review and let's terms like goldman and citi know whether in can proceed with the capital plans pertaining to 2016 and 2017. >> how did some european banks fare? >> i haven't take an close look. such a crazy news day. performing pretty far above minimum rimplts and deutsche bank, a question about the bank trust equity. odd entity. not the main in germany nor the intermediary bank in the u.s. soon to be established and tested. they had particular high capital ratios. i think that categorically the

performance was good, that's what the focus was on today, but i could get back to you with specific numbers. they all were broken out. >> all right. kate, thank you so much. kate kelly joining us from ped had quarters here. mentioned deutsche bank and european banks, massive tilt towards the remain camp. deutsche bank up by 14%. and royal, up 15%. a short for you. >> still a small core position short on this and probably looking to short them again. i think to me the stress tests are inkweshl,consequential. what's going on globally and with commodities ultimately. that's the reason you stay short. >> doesn't the derivative book stress whether they pass a stress test? exactly what they're all about? >> i don't know if this stress test calculated getting oil down to, say a drop in oil, a drop in

copper, something like glencorp. with issues. stress test doesn't count that. >> and i took heat for it. up side here. i believe next week is a trigger for the space and completely under invested by a lot of these u.s. institutions. a trade higher i think in these bank. americaamerica, citi bank. >> what about other than those guys? go from 70% to 80% of allowable stocks. big deal? >> i look at it, that's a trade. from sentiment and underrated, buy them here. >> with or not? >> it's a big space. the answer, i understand valuation makes sense. well capitalized, pass these tests seemingly with flying color, but how will they make money going forward? i think the yield curve goetz

gets more flat before if gets to the right trajectory, say. say about goldman sachs, traded on a 143-ish on june 16th. previous low in february around 139.5. what does that mean? were at least now you have potentially a tradeable double bottom. traded decently today, first time in a while. goldman traded horriblily for arile. you could see it rallying into earnings july 16th. >> still ahead, voting ended in the uk. we'll bring you the latest are as results roll in. tell what you to expect and when right after the break. i'm melissa lee and you're watching "fast money" on cnbc. meantime, what else is coming up on "fast." >> called shows. i took the blows. ♪ and did it my way and if the uk decides to go their way, and leave the eu,

we've got the one commodity that everyone will be begging to buy come tomorrow. we'll explain. plus -- it's not just england that has all the drama. ♪ we shall overcome >> it got a little crazy in our congress last night and my have been an unlikely winner in the highways torque congressional city. we'll tell you the stock when "fast money" returns.

♪ welcome back to "fast money." as the votes on the brexit referendum start to roll in. could be in for a wild night of trading. sara eisen in london with details.

hi, sara. >> reporter: hi, melissa. all about the currency trade. the pound already on the move on that first word racing towards a new high. haven't seen this since back in mid-december. here are the currencies you want to watch. remember, this is a market that tlads 24 hours a day. soon as we start getting the first results from the sunderland region around 7:30 p.m. eastern time, watch the british pound clearly for the gut reaction. also keep an eye on the euro. if we get any kind of surprise with britain voting out or some of the numbers moving in the favor, the first place you're going to want to check is the euro. because any political or economic risk could be reflected there. it has held in there over the past few weeks. also watch the key safe haven current six japanese yen which could spike if there's a surprise. negative surprise, and, of course, the swiss franc. another classic favorite safe aven. goldman sachs says the japanese yen could raise 14% if britain

votes out. an interesting time. yes, currencies trade 24/7, but as we go into the wee hours of the morning here it is a less liquid time to be trading currency. the high time is around the u.s. open, around 6:00 a.m., u.s. time, at 11:00 a.m. uk time. the high point where everybody is in on the action. overlap of london and new york. then tapers off in the low point in terms of trading action. tea time here in london. fourm p.m. 11:00 a.m. eastern time. makes sense. when it comes to liquidity, could be lousy starting to get rats. what i'm told from traders. a direct quote, through the night into the morning. and that means if there is some sort of surprise or negative reaction, liquidity could be an issue. why these banks have stacked up with a bunch of traders, flown them in, kept them yoevlger night. could field calls from

counterparties and clients all rushing to exit trades and get out of, say, the british pound at the same time and would have trouble finding the other side of the trade or being able to offset the risk themselves. it's reminiscent of what happened when we got that big surprise from the swiss national bank last year and saw that crazy move in the swiss franc. very hard to find liquidity on the other side of the trade and rem nifbs here in london of black wednesday 1992 when speculators like george soros sold sterling forcing it out of the erm, precursor to the euro. crazy move as well and something fresh in many traders' minds here. so the key is, you're going to watch the initial reaction. watch for big moves. but, and i am told this by traders and investors i talked to today. it doesn't necessarily mean the going to be a one night or one day kind of move. which it comes to currencies, could stagger out. the black wednesday move, the

pound moved 10% lower over a week. wake up in the u.s. and want a short sterling on a negative striz you may still have time to do it. back to you. >> are are concerns, sara, the liquidity even tomorrow, during the peak times won't be as robust as normal sessions because institutions are stepping away from the markets? >> reporter: could be. but better chances with more in the market, more people trade itting, and more banks to off-load your risk to. the concern overnight. but, yes. if everybody is piled into one side of trade, especially the fact we've seen a strong move up into the pound and continues to be so right now, it could be everyone rushing for the exits at the same time. that's the fear and always the concern when 2 comes to liquidity. but the stock market a the most deep and liquid market in the entire world. so -- better chances tomorrow. certainly tonight will be a long one for some of these traders.

>> absolutely. sara, thanks so much. sara eisen on the ground for us in london. you actually did your own pound/u.s. dollar trades moments ago. >> shorted the pound versus u.s. dollar. british pound, long u.s. dollar. one thing about the trade. a couple things. yes, liquidity could be sparse but the most liquid market in the world. most brokers have increased margins for these trades, and if you want to do the trades, size it appropriately. this is going to be highly volatile, don't get yourself into a position over levered into the trade. the risk/reward is better be short the pound here. >> are you worried about bk's trade seems a lot of people may be covering shorts gotting into brexit referendum why ear seeing the move sharply higher? >> that's right. >> seems a lot of people covering shorts quickly this morning, and then you saw the pound did sell off earlier this morning. now it's rallying back on what is supposedly a stay vote.

right? but i -- you're looking a a trend line that goes back quite some time, we're bumping right up against. again, nothing solved. the fundamental -- in my opinion, the structural problems that exist didn't go away. >> when i -- i look at the currency markets now. i think first of all the yen, japan the most oversold gold into the brexit vote. the ones that haven't snapped back the most. japanese markets get the most relief out of this. especially boj did nothing last week. they'll do en massee in july. waiting for this moment ux at the end, vulnerable going into this. emfx on fire, they benefit from this and going to be more resilient even on a brexit vote. lo look at the ruble, rsx, 240ez currencies outperforming them off. >> after the break, back to london, the first look how britain is voting, plus gold did something curious that has bun top technician hitting the buy

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welcome back to "fast money." we're all over the brexit referendum where voting ended a half hour ago. look at the british pound. currency cross watches closely. pound/u.s. dollar. seeing it rise. the pound/u.s. dollar hit a 2016 high on the back of a poll released just about half an hour ago, showing the lead for receipt main camp widening just a touch. of course that is crucial as we are expecting the first results to roll in at 1:00 a.m. eastern time. but as we await results, how should you be positioning bullion in your portfolio? for answers, off the charts with rich ross. what are you looking at? >> i like gold. to be clear last week we discussed safety any risk assets like stocks and commodities and actually risk in safe havens

like gold, jeelds yields, yen. what's happened, risk put on and safe havens came out. a place for gold, i think. on the chart, start toed the year with a furious rally. get about 18% off the bottom. what happens? the back it drop? world ending. what rye like about gold, as stocks rally, as risky assets rally, gold actually holds its own. what you consider to be a safe haven, think gold should ease as stocks rise is not what happens. gold hangs in there. it's a two-way star. got this trading range here. so, boom. go 209 longer term chart and this is where it really happens here. the 200 week and the 100 week. last week discussed that key failure at the 200 week. around 1313, 1315. so, look, kind of like big ben parliament. can't get left here. a tight trading rate but still like it. room for gold here. let me show you why.

the dollar. boom. this is your big chart of the dollar index. go back over the last 30 years, very strong inverse relationship between dollar and gold, dollar and commodities. we know i'm bearish on the dollar. 70% euro and bound sterling. eing euro, pound sterling strength. if it's that our call, you'll sigh the dollar index move lower occupy a 18 to 20 moll straighting range. yes, continue to see rally in stocks and commodities but that will also be supportive of gold. once again, gold is a two-way star here that benefits on a brexit and clearly looking like a before remain right now. >> and how are you positioning at this point? >> yeah, it is. so i think he's wrong. >> listen, i love rich ross, but -- what's that? long both gold and the dollar. yeah. can we break this 18-month range in the dollar? certainly, anything can happen you'll get a big down draft and i'll be buying the dollar at

that point in time. when it comes to gold, i completely agree. goldened a the dollar trading one for one. the 90 day is close 1 that hoops rarely, and when it does happen, sticks for i while. i think you can buy both here. >> the charts are working against you and i know rich will say that because he's a chartist. not only just the chart in the dollar. look at charts in a lot of the energy is companies. look at the ftse. a lot of these emerging markets plays. every chart we're talking about inverse of the dollar trade is breaking out and you have these around the world for things that underperform for a long time. so, of course, they're supposed to be breaking out now and just the fact we're ratifying a moment in time when vifk actually stepping back off the table. doesn't mean the world's a great place. just means that the two big black swan events for markets, brexit and the fed would move too aggressively too soon, back off the cart. >> i'm a buyer of gold on severe weakness.

if we really crank out. >> you don't want to-ish did. >> i'm not a gold player at all. could move higher but not a commodity play. >> rich, thank you. >> you got to go. do you see what he did there? seriously. big ben, parliament, any idea? honest to god. a genius. >> the griswald were family going -- >> brilliant! >> okay. >> at the pinnacle. >> your vacation, by the way. >> yeah. are i hope carter is watching. rich, thank you. >> we know. >> another group seeing plenty of access, treasury bonds. taking a look at a $4 billion bet against the tlt. mike? >> saw well over 1.5, close to 2 times actually average daily in tlt. because it trades so much, you see percentages above normal more significant than a snell stock. somebody paid $2.850 apiece

betting almost $4 million. that tlt could decline over 3.5% by september expiration. clearly a bet that rates would be higher. and the u.s. treasury bonds would be lower. so taking a look at in a, to me, that doesn't necessarily say brexit. that actually looks like bremain to me. >> mike good to so you. >> where is he? >> scelebrating in a massachusetts chinese restaurant. guys? >> a good table at that joint. >> a regular. >> he's a regular. >> at this point. >> like his own personal -- >> your trade. >> and i think they'll be wrong. i mean, i know tlt sold off. i still think that, listen, ten-year yields are still 1.73%. still low. global yields a lot lower. i think on a relative value basis, b.k. said earlier-- >> a timeline trade. >> i agree. >> in the short term you could see rates up back more. even though last week i said i think yields ultimately go

lower. think about the flight to quality that dedicated and bonds got around the world? you wouldn't want that at myself inthree g. to see you. for more options action, check out the full show tomorrow. coming up, on the ground in london with the latest on the brexit vote. much more "fast money" right after this. you both have a perfect driving record. >>perfect. no tickets. no accidents... >>that is until one of you clips a food truck, ruining your perfect record. >>yup... now, you would think your insurance company would cut you some slack, right? >>no. your insurance rates go through the roof. your perfect record doesn't get you anything. >>anything. perfect! for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claim centers are available to assist you 24/7. for a free quote, call liberty mutual at

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welcome back to "fast money." historic day in england. voting over. people have spoken. what they said, not clear yet. cnbc's wilford cross is in london and along with director of an international market based research firm. wilford, take it away. >> reporter: thanks very much, melissa. in fact, we'll get to the ugo p in a moment. and a further poll from ipsis. 54% remain 46% leave. the ceo joining us any minute. before that, the all-important ugov poll, the one we discussed of course 52 remain to 48 leave. both of these polls not official exit polls. let's get to marcus, as you said, joining us with right now marcus, thanks for joining us.

just sum up for us what this poll was and how many people you spoke to? >> pleasure to join you. we spoke to over 4,700 voters today, and these were voters we spoke to just yesterday as well, actually. about how they had voted today. and what we saw was a move towards remain. it was the same move towards remaybe we picked up in our polling yesterday but wanted to be sure that that move would continue through today and indeed it did. and on that basis, we think it is far more likely than not that the united states kingdom will be remaining in the european communion. >> far more that betting markets suggesting a 90% bet. are you that confident? >> well, difficult to say absolutely, but we're as close tos that we can at this time. we've seen over the course of the referendum a similar phenomenon as in other

referendum, swing back the status state quo in the end. what happens, campaigns make their arguments. the status quo leads for a while. voters try out the alternatives as the end approaching and then xping back to t back when the close. looks that's what's happening on brexit. >> a lot of people, of course, worried about turnout and that appears to be very high. the sky estimate was over 80%. what's your estimate in that area, and do you think that's going to have an impact on this result? >> very much so. and turn out will be well over 70% in all lukeikelihood. generally, 65%, 66% turnout. interesting there, the general public seem to turn out in britain in higher numbers for referenda on big issues, be it

scottish independence, or bres it than they do for picking their own governments. well, one of the things that turnout means, though is that a high result of turnout good news for remain. and polls, clearly a lower turnout, lead would tending to ahead. a higher turnout is good news for remaybe. >> marcus, thank you for joining us. marcus roberts from ugov. lissa, back to you for now. >> thank you so much. in case you are misseds it, wilford had the latest ipsos. 54%-46%. this poll out moments ago, and this as polls in the uk closed for 45 minutes. won't get initial results for hours. 1:00 a.m. eastern time is when the first results of are due in. what do you make of this?

>> well, again, we said that they need to get a bigger turnout and that, also, be careful of overyly negative polling and surveys because the more negative you make it it really means people are trying to get people out to vote and that seems like it worked. if you think about hour negative the -- even one week ago to the day. a combination of a tragic unfortunate event in the uk and i think just the reality people were starting to feel, soros chiming in. think of the people that weighed in and really made the case for the gravity of the situations. i think, you know, ultimately markets responded. >> it does look like we've hit 150 once again and sort of looks like it wants to hold here a pound versus's uk -- this is the news already in the market. we've had 2 in a tremendous move. over the past week bigger than the plaza accord. to me looks overextended. a news to sell the news

convenient, at least in the past. >> more to wilford with the latest brexit poll and joined with the man behind the poll. wilfo wilford? >> reporter: yes, indeed. that second poll, 54 remain to 43 of that page that dashed across town for us to sweep from your office. thanks, ben, your joining us. confident end? >> diminishing by the hour. we've seen on tuesday, 51% remain. wednesday, 54% and on polling today, we've seen 54% again. and nigel far a.j. conceded. quite not sure why. >> he's out campaigning. >> looks again all of the signs

is winning and a massive upset if it turns out to be a leave winning. and just an announcement, sale to celt brat britain's staying in europe. everyone seems fairly confident. and the numbers, the numbers do support that. >> how many people did you poll? the same people -- >> a fresh song each day. 500 each day. margin each individual day, 58% or 50% in that sort of range. >> "talked about turnout a lot through the race. this has had an impact? >> the turnout turned out. people saying the turnout is as much in places as the general election die spite flooding today in london. >> seemed confident anyway, it's a we look ahead, what times can

we focus on? >> 3:30 to 4:00, by which time enough local authorities would have declared, some of the large floor lowell -- and when the -- if it's not prepared for more excitement. >> bep, thanks for joining us. ben paige from the ceo of ipsos, so 4:00 a.m., those crucial results, about 11:00 p.m. your same. melissa? >> wilford a quick question here. you know, here in america we've had elections certainly that have been con keft the. this, under which the vote to be contested other a call for recounts? does look like it could be very close close. >> if it is incredibly close, a recount would be possible but it would really have to be very close in deep and the indication it's not that close based on r50e67b9 polls. i want to reiterate, no vote has

been counted yet. >> yet. >> these polls are painting towards a remain. before we can, of course, need a recount we need the original couldn't and haven't had that yet. >> willward, maunk. and up next, a sit-in for stronger gun control at congress. you're watching cnbc, first in business worldwide. here at td ameritrade, they work hard. wow, that was random. random? no. it's all about understanding patterns. like the mail guy at 3:12pm every day or jerry getting dumped every third tuesday. jerry: every third tuesday. we have pattern recognition technology on any chart plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. td ameritrade. more than an apparel company. we've always been an innovation company.

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welcome back to "fast money." breaking news, pound above 150, first time this year. highest level since at least the end of december of 2015. specifically 15022, the level against the pound has hit and the this, of course, on the heels of two late et polls. one from ugov and one from ipsos a widening margin to the remain side of things. b.k., short below this level, on the wrong side already but still feel conviction in this trade? >> yeah. my price on the pound is 149.8. 20, 30 pips off. not that big of a deal and i suspect a little of this is shortcoming now. >> shifting gears to stateside, drumming up support for harsher gun control laws, congress has a sit-in. we have details. >> reporter: right now, biggest video convenient of the year and also a big day for streaming

video, live video on capitol hill with both periscope, twitter's app as well as facebook live playing big roles in that democratic sit-in for gun control legislation. now, in sin cares -- streaming on the periscope app, started airing along with facebook live sfooe feeds. twitter saying yesterday, viewed over 1 million times. still awaiting those final numbers from twitter. now, facebook saying its own live streaming video service also play add role. mark zuckerberg saying there are 19 representatives who streamed with his product as of 10:00 a.m. eastern this morning, those live streams of the sit-ins were watched over 3 million time. these goes to fatebocebook and twitter introducing new polls

making it easier to broadcast live and share that. not just talking changing policy but the ad dollars that come with the live streams. back to you. >> thanks. going to the man who uses periscope the most on his desk. twitter shares up 5.6%. does it have to do with this or the risk-on mentality? >> this. a lot to do with this. >> really? >> yeah. facebook live has, well, i won't say it's helped facebook but hasn't hurt and people are coming around to using it more and more. i've seen more and more people on twitter using periscope. is it a function of it? absolutely. think think david would agree. facebook is trading sideways around $15 since january. finally starts to see. i hope the worst is over. feels like it may be. >> still staying away from twitter. facebook is a mustronger platfo. twit sir in trouble. user growth standpoint. facebook commands it and will

win the game. twitter, i think they're going 209 wayside. i don't see this company surviving alone. >> all right. coming up, "final trade." stay tuned. ♪ using 60,000 points from my chase ink card i bought all the framework... wire... and plants needed to give my shop... a face... no one will forget. see what the power of points can do for your business. learn more at chase.com/ink approaching medicare eligibility? see what the power of points can do for your business. you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs.

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it is time for "the final trade." tim? >> this is a risk on currency. others that are beneficiaries, canadian dollar, and stocks going higher. >> david. >> trade by the slf, positive catalyst, a sentiment trade higher in the banks. >> frank? >> not surprising on the other side of tim's trade and i think you buy the dollar uup across the board. the way to do it. >> yeoman's work. by wilford frost and sara eisen. >> absolutely. >> all day. >> a great team on the ground. >> great team on the ground. right or wrong? >> absolutely. 100%. >> fun 20 be -- london's a great city. >> google, look at the reversal around 700? google. alphabet, all the same. >> and do not miss or ongoing brexit coverage at midnight eastern time.

remember, first results roll in at 1:00 a.m. a nail biter to the end here. i'm melissa lee. thanks for watching. see you back here tomorrow at 5:00. more "fast money." meantime, don't go anywhere. "mad money" with jim cramer starts right now. my mission is simple -- to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. ♪ hey, i'm cramer. welcome to "mad money." welcome to cramerica. and thanks for joining me again from cnbc one market in san francisco. other people want to make friend, i'm trying to make you some money. my job isn't just to entertain but to teach you. call me at 1-800-743-cnbc.