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Sterling slips from highs after neck-and-neck Brexit poll
The “Stay”, “Remain”, or “In” campaign, which has the backing of both President Obama and Prime Minister David Cameron (head of the U.K.’s Conservatives), argues that a Brexit would throw Europe’s economy into tumult and destabilize the British pound.
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Given a recent swing back to the “remain” camp in recent days, Pavlik expects a follow-through rally should Britons vote to remain in the EU.
“We will go into the vote without high confidence in predicting the outturn in either direction”, JPMorgan researcher Malcolm Barr said in a note to clients.
Cameron made a direct appeal to voters of his and older generations “to think about the hopes and dreams of your children and grandchildren” as they cast their votes in the national referendum. If we vote out, that’s it.
For me, security is another key issue in this debate, and I attached great weight to the fact that, known Eurosceptic, Theresa May backed the deal that the Prime Minister brought back from the European Union in February, believing that we will be safer within the EU. But she said that a European Union without Britain would have to “change its workings somewhat”.
We shall see, very soon now.
Cameron says: “We are not shackled to a corpse”.
“We want to be prepared for all possibilities”.
He said “she had very strong political views and I believe she was killed because of those views”. The bank adds that “with high profile, market-moving events, we will have more staff working extended hours in one or more centers to make sure we can help our clients and manage our risk”.
The City of London, the International Monetary Fund and the majority of British business leaders back Cameron and his Remain camp’s stance that to leave the European Union would plunge Britain into recession, costing jobs and raising prices. That still left it nearly 5 percent up since Thursday, partly thanks to a more-than 2 percent rise on Monday, its biggest one-day gain since 2008, as worries about a Brexit receded.
The websites of six major bookmakers showed the odds heavily pointing to a “Remain” vote, with the chances of Britain staying in put at almost 80 percent.
Police have charged a suspect, Thomas Mair, who gave his name during a weekend court appearance as “death to traitors, freedom for Britain”.
The campaign in Britain remains locked on two major concerns: the economy and high immigration.
Pro-Brexit tabloid The Sun’s front page said “stone-throwing migrants” had stormed the French port of Calais to try to gain access to Britain. Against the dollar, the euro edged up 0.1 percent to $1.1326.The dollar index .dxy stood at 93.582, holding above a one-month low of 93.425 hit earlier this month, as the market awaited U.S. Federal Reserve Chair Janet Yellen’s testimony before the Senate Banking Committee at 10 a.m. local time (1400 GMT).The dollar edged up 0.1 percent to 104.01 yen. On the outskirts of Brussels, Mini-Europe has miniature versions of the most famous landmarks of the 28-nation European Union, including Rome’s St. Peter’s Cathedral, the Acropolis in Athens and the Eiffel Tower In the run-up to Thursday’s referendum, Mini-Europe posted mini-protesters from the remain and exit camps outside London’s Houses of Parliament waving banners.
In one of the last debates, London’s newly elected mayor, Sadiq Khan, accused Boris Johnson, the main leader of the Leave campaign, of exploiting fears of immigration to stoke anti-EU opinions.
British sports legends joined the fray, too. “For our children and their children we should be facing the problems of the world together and not alone”, Beckham tweeted.
Turnout is likely to be key to the result, and the ORB poll found that Remain supporters, who had been regarded as being more apathetic, were increasingly motivated to vote.
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“Our lovely countryside is what makes Britain the place it is and this island was not designed for 100 million people”, he wrote in The Express.