https://sputnikglobe.com/20160623/pound-grows-uk-eu-1041786544.html
British Pound Showing Growth Amid Expectations of UK Staying in EU
British Pound Showing Growth Amid Expectations of UK Staying in EU
Sputnik International
The British pound showed growth on Thursday against the US dollar amid investors' expectations that the United Kingdom would maintain its EU membership after... 23.06.2016, Sputnik International
2016-06-23T06:31+0000
2016-06-23T06:31+0000
2023-05-28T15:35+0000
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business, newsfeed, britain, britain's eu referendum, brexit
business, newsfeed, britain, britain's eu referendum, brexit
British Pound Showing Growth Amid Expectations of UK Staying in EU
06:31 GMT 23.06.2016 (Updated: 15:35 GMT 28.05.2023) The British pound showed growth on Thursday against the US dollar amid investors' expectations that the United Kingdom would maintain its EU membership after the referendum on the issue, according to market data.
MOSCOW (Sputnik) — As of 05:35 GMT, the GBP/USD exchange rate exceeded 1.48 compared to 1.4706 on Wednesday.
British voters will decide in a referendum later in the day on whether their country should stay in or leave the European Union.
Brexit supporters argue that EU membership has eroded the country’s independence to legislate, direct its economy and control its borders. Opponents warn that leaving the European Union could deeply harm UK economy.
On Tuesday, Molly Scott Cato, a member of the European Parliament from the Green Party, told Sputnik that the immediate post-effect of possible Brexit would be the devaluation of the British pound, followed by the decline in investments in the UK economy.
