Yesterday, the United Kingdom’s Chancellor of the Exchequer George Osborne asked business who are pro-European Union to speak out — as polls continue to suggest that the popular vote might call for the UK to leave the bloc.
No Time to Sit Out
Osborne said, “People who are concerned or businesses who are concerned or investors who are concerned about the prospect of Britain leaving the EU should speak up. This is not the moment for businesses to sit it out.”
Labour and Conservative Together
Osborne, a member of the Conservative Party, was joined by his opposition — former Labour Prime Minister Gordon Brown, who also spoke on behalf of remaining in the EU. “It makes sense to set minimum standards across Europe,” Brown said in a speech. “Maternity pay, gender equality, holiday pay, a maximum working week — all gained from Europe.”
Anxiety Fuels the Markets
Late last week, one poll showed a 10-point lead for leaving the EU, which led to global stocks sinding and the pound dropping to an eight-week low. Volatility remains extraordinarily high, which is why Forex traders are seeking the best strategies in the remaining days before the Brexit vote hits.
Make sure you join our Brexit-focused webinars this week. All you need to do is register here and follow our expert analysts as they trade live in the days before this historic event.