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Watch Rick Santelli's full Brexit breakdown

Ahead of Thursday's U.K. referendum to decide whether the nation will stay in or exit the European Union, CNBC's Rick Santelli gives you a full Brexit breakdown at his trademark easel.

Santelli discusses the market and economic setup heading into the vote and their subsequent reaction to a leave or remain vote. The CNBC on-air editor also reveals what he believes will be the No. 1 Brexit trade.

Watch this exclusive video only for PRO subscribers.