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It would be foolish to rely on any poll and take bets over such heading into crucial weekend.
Greeks are going to vote on Sunday, whether or not to accept the proposal by lenders presented last week.
Different polls are showing different results.
ALCO institute, published its poll today which show yes camp has taken lead with 44.85% saying Yes whereas 43.8% of the voters are with No and 11.8% say they are still undecided.
ALCO institute's poll is respectable but the gap is too small as of now to firmly take trades on basis of such. Moreover even if the poll holds true, undecided voters might still change the day.
According to another poll 57% of the Greeks are likely to vote Yes, while 33% remains against the proposal.
However, polls can't be trusted moving to weekend and take trades.
Why?
- Time has been very short to poll considerable sample size, which could be enough to predict the outcome of the vote.
- Margin difference between YES and NO in ALCO poll remains well within 3.1% margin of error.
- Remote areas, such as various islands remain too far off from the mainland, whose opinion is not very clear as of now.
