Does the pound sliding today… June 6, 2016Posted by WorldbyStorm in Uncategorized.
The pound has fallen against every other major currency this morning, following the string of opinion polls showing the Leave side leading the referendum battle.
Polling continues to point to Leave leads. How does that work?
Ministers have told the BBC they expect pro-EU MPs to conduct what one called a “reverse Maastricht” process – a reference to the long parliamentary campaign fought by Tory eurosceptic MPs in the 1990s against legislation deepening EU integration.
Like then as now, the Conservative government has a small working majority of just 17.
They say it would be legitimate for MPs to push for the UK to stay in the single market because the Leave campaign has refused to spell out what trading relationship it wants the UK to have with the EU in the future.
As such, a post-Brexit government could not claim it had a popular mandate for a particular model.
And yet, it underlines just how inchoate scenario that ensues on a Leave – hardly articulated at all by those on that side – are. Would that soften Scottish (and more pertinently SNP) antagonism to a Leave?