UK PM Cameron will this morning be rueing his concession to give his MPs a free vote in the EU referendum.
I posted on the decision back in Jan and also repeated June being a favoured month to hold the vote.
"There has been increasing pressure on him recently to allow this free vote so this can be seen as a climb-down albeit one of common sense.
Cameron is fighting an uphill battle to get anything of note out of his EU counterparts but he does seem set to go to the country sooner rather than later
The free vote really does make EU exit more of a reality albeit still a hypothetical one at this point but we know that markets hate uncertainty.
Brexit, as I pointed out in my 2016 GBP forecasts, will continue to weigh on sentiment for the pound for some time yet. The picture is muddy to say the least."
Well, all Cameron's worst nightmares have come back to haunt him as Boris Johnson stirs up the Brexit fears all over again.
Yes the GBP selling might be over-done this morning, and indeed over-reported, but I warned in my week-end posts ( I'm sure you all read them otherwise why the heck would I bother? lol ) that like it or not, agree with it or not, the media hype and market uncertainty is here to stay for some time yet.
Trade what you see. It doesn't ever have to make sense, but sometimes it just does.
