The Pound has been sold off recently in anticipation of an early EU referendum. If it then gets put back - does that mean that the selling will continue, or reverse itself?
I can’t see how we can have a referendum this year at all really… Cameron isn’t any closer to getting an “agreement” he can try and bluff us with now than a year ago. I’m not expecting any changes for the rest of this year either.
I suggest the referendum might be held off until the first couple of interest rate hikes have taken place - because then one of the arguments that Cameron can make regarding “Staying in the EU” - is that “Hey mortgage payers - vote to stay in, and you can have the EU’s 0.15% base rate back again! - Pity it’s already 1% and rising now though… If only you could vote to Stay In!”
If memory serves, the lower EU interest rate didn’t interest the UK public in joining the Euro over a decade back - so I dunno why Cameron is overthinking this at all. Just tell the bloody truth, and fight tooth and nail to do what the public wants. It would be very useful if Cameron could go with the camp that’s in the lead running upto the actual referendum though, since what we DON’T want is that lukewarm result between 60/40 either way.
Let’s push it to 75%+ one way or the other please. I’d even prefer 80% staying in rather than 51/49 get out - strange though that sounds…