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    Brexit Bites - 13th June 2016

    Monday 6th June: 
    Hitachi chairman, Hiroaki Nakanishi becomes the latest high-profile business head to speak out against the UK leaving the EU. Highlighting the billion pounds it has invested in UK job creation for rail and energy sectors (and their supply chains) and future plans for a new nuclear plant, Nakanishi suggests future investment prospect would be 'very different' if UK were to leave. 

    - GBPUSD breaks to a 3-week low as polls show ‘vote leave’ are now in front.
    • - Bookies odds see a 66% of UK remaining and only 35% of UK leaving
    • - EU referendum tracker: Leave (48%), remain (43%), don’t know (9%)


    Tuesday 7th June: 
    World Trade Organisation chief admits they have not had discussions with UK government about the process if Brexit goes through. Stating that the organisation has been under no pressure by the government to speak out against Brexit, Roberto Azevêdo also warns that any trade deals would be started again from scratch and the UK would not be able to simply ‘cut and paste current trade deals.

    226k people registered to vote ahead of the midnight deadline, making it the 2nd largest single-day signs ups during the campaign.
     
    David Cameron warns that Brexit could lead to a second referendum for Scottish Independence during a live TV debate, going on to say Britain was a “fighter, not a quitter” whilst up against Ukip leader, Nigel Farage. The show had already attracted attention as ‘Vote Leave’ had threatened to sue ITV for putting Cameron against Farage, who was not part of the official vote leave campaign.
     
    Boris Johnson and Michael Gove accused Cameron of peddling ‘untruths’ throughout the referendum campaigns, prompting Cameron to hold an apparent knee-jerk press conference to deny the accusations.
     

    Wednesday 8th June:

    It was reported in a UK tabloid that France intend to ‘shun’ Britain with immigration and finance rules if Britain votes to leave the EU.

    Opinium release a Brexit report in conjunction with London School of Economics electoral psychology team. The report attempts to understand how and why voting decisions are made, present convincing arguments for leaving and remaining in the EU, winners and losers of Brexit and how consumption will be effected.

    A free copy of the report can  A free copy of the report can be downloaded here.




     
    Thursday 9th June:

    Ex-Prime Ministers John Major and Tony Blair warn that Brexit could ‘jeopardise unity’ of the UK AND HARM PEACE IN Northern Ireland.

    Nicole Sturgeon, Angela Eagle and Amber Rudd accused Boris Johnson of only caring about wanting to be PM over using believable statistics surrounding Brexit.
     
     
    Friday 10th June:
    By close of Friday the British Pound had suffered heavy selling across the board having seen the latest polls showing 'vote leave' to be 19 points ahead.  To counter Sterling weakness traders promptly pushed the Japanese Yen higher and bond yields further into negative territory as money flowed into bonds. 

     


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