Forex Flash: UK PM Cameron´s speech in focus – BTMU
FXstreet.com (Barcelona) - Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that UK Prime Minster Cameron is expected to commit to holding a referendum by 2017 on the UK's ongoing membership of the EU in his delayed key note speech today.
He feels that it is a strategy which aims to increase his ability to renegotiate a better deal for the UK with other EU partners in the interim to support a stronger "Yes" vote campaign. Hardman writes, "With recent public opinion polls closely divided over the UK's ongoing membership, it is a high risk strategy which could lead to the UK's exit. It creates an additional source of uncertainty which is unlikely to be helpful for economic growth."
He feels that it is a strategy which aims to increase his ability to renegotiate a better deal for the UK with other EU partners in the interim to support a stronger "Yes" vote campaign. Hardman writes, "With recent public opinion polls closely divided over the UK's ongoing membership, it is a high risk strategy which could lead to the UK's exit. It creates an additional source of uncertainty which is unlikely to be helpful for economic growth."
Free Annual Reports
