Cameron’s Sterling effort

The UK will vote to stay in the EU. It is highly likely that UK Prime Minister David Cameron can secure the concessions he needs from Brussels to sell his renegotiation platform at home. In fact, it suits both sides to facilitate this. This should allow the government to bring the referendum forward to next spring. This will reinforce the UK’s natural (but quieter) pro-EU bloc and lead to a comfortable ‘Yes’ vote to remain in the club. Any weakness in UK assets, including Sterling, fuelled by typically hysterical UK media noise would be temporary.

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