Pound: In Proposed referendum on United Kingdom membership of the European Union-Blues – Handelsblatt

EU and the UK

European Union flag and of Great Britain: Since the EU-skepticism on the island increases, the British currency drops dramatically

(Photo: AP)

London The British currency is on a three-weeks. -deep like and therefore has to react to new surveys on the possible exit of the country from the European Union. These show that more Britons prefer the so-called Proposed referendum on United Kingdom membership of the European Union. This has reinforced the concern that the vote on June 23, massive distortions on the financial trigger, plunge Britain into a recession and overall undermining trust in the community.

A survey by the polling institute YouGov on behalf the television channel ITV revealed that 45 percent of respondents would vote for a departure from the EU. want quo for the status accordingly vote 41st According to a survey by TNS want 43 percent leakage and 41 percent the existing solution.

According to a survey by ICM prefer 48 percent of Britons that the EU their country turns its back and 43 percent were in favor, that things remain as they are. And a survey of EU-critical newspaper “Daily Telegraph” among its readers showed that even 69 percent would vote for a Proposed referendum on United Kingdom membership of the European Union.

Europe promises the whereabouts of the British in the EU

• David Cameron has fought hard at the EU summit in February to wrest EU concessions before Proposed referendum on United Kingdom membership of the European Union referendum. The Premier hailed after 40 hours of negotiations, he had negotiated a “special status” for UK. Ultimately, it was as always in Europe, a compromise, and the reforms are mostly for all. An overview of the commitments that come into force if the UK remains an EU member.

• Cameron got the required “emergency brake” to limit immigration from EU countries. In an exceptional increase in immigration London can apply in the next seven years a “safeguard”. Benefits such as wage increases and the demand for social housing may be workers then canceling all or part of four years. The scheme applies only to tax-financed social benefits. Thus it can be as tailored for the UK, where this is the case, in contrast to other EU countries.

• The amount of child benefit -Payments can be taken by the country of residence of the offspring depends. This applies to children who stay in the home of the parents while they go to work to other EU countries. The payment amount can then be reduced if the standard of living in the host country of the next generation is low. This was encountered mainly in Eastern European countries on resistance. By 2020, initially only new immigrants would be affected by the scheme, then all workers from other EU countries.

• UK and other non -Euro-States obtain the assurance that the independence of their currencies and financial centers are guaranteed. Furthermore, it is excluded that they must co-finance to support troubled countries’ emergency and crisis measures “the euro zone about. In return, the nine states undertake without the euro, not to delay important decisions of the monetary union or prevent and they should not create obstacles to the further deepening of the monetary union.

• the summit assured that criticized Cameron formulating an “ever closer union” of the EU treaties forcing any Member State to participate in another political depression. For national parliaments it would as demanded by London give more rights: In EU laws they can show within twelve weeks after the submission of a draft the red card to stop the project. What is needed is to a majority of 55 percent of national parliaments in the EU
  (Source: afp).

the British currency has for several months a barometer of euroscepticism in the country and the likelihood of Brexits. In February, the pound fell against the dollar to a seven year low. The exchange rate was $ 1.3836 per pound, but has subsequently recovered, because in the meantime the Proposed referendum on United Kingdom membership of the European Union’s opponents were in surveys front

Earlier this week dropped the pound against the dollar by about one percent. – to $ 1.4353. This is the lowest level since mid-May. The cost to hedge against further pounds fluctuations, increased significantly in parallel. They have partially reached the level of 2009.

The situation is extremely worrying for the financial markets, says Hussein Sayed, chief strategist at Forex Broker FXTM. One must be prepared for a further fall of the British currency, if the Proposed referendum on United Kingdom membership of the European Union advocates remained in the polls in the lead.