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Here goes the next round of fear mongering

The European leaders are stepping it up a notch in their efforts to scare the British public in order not to vote for Brexit. We told you in our "Drifting from the EU: Brexit, Grexit, and How it All Affects FX" article a couple of weeks ago, that the scaremongering voices will get louder in the last few days before the Brexit referendum. You can see it for yourself now. The talking heads in the UK are trying to do just that but the voices from the EU are even stronger. Maybe they feel the threat of the beginning of a domino effect if Britain votes for Brexit, which could ruin the EU in the years to come. The president of France Holland said a few minutes ago that the UK might lose access to the common market if it leaves the EU while the ECB member Jean Claude Junker said that there won´t be a renegotiation if the Brexit vote wins. Meanwhile, the Euro and the Pound have jumped about 50 pips on the comments against the Dollar. 

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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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