Brexit update: Leave campaign leads race but undecided voters will determine the outcome of the EU referendum

David CAMERON, Prime Minister of the United Kingdom, at the European Council. Shoot location: Brussels – Belgium. Shoot date: 18/12/2015. Copyright: ‘The European Union’.

David CAMERON, Prime Minister of the United Kingdom, at the European Council. Shoot location: Brussels – Belgium. Shoot date: 18/12/2015. Copyright: ‘The European Union’.

The time has come and the British citizens will have to take the faith of their country in their own hands. In just over a week they will decide whether they want to stay or leave the European Union with the rest of the world to wait the outcome with great anxiety.

There have been several opinion polls during the last days and almost all show that the Leave campaign is leading but the undecided voters are the ones to determine the outcome of the EU-UK referendum. Some of the main issues that play crucial role and could influence UK citizens’ minds are the and the growth of the national economy.

Europe wants UK to stay

Will UK be a member of the EU after June 23? Nobody can be sure but that is something that the European leaders and officials want and are doing whatever they can to persuade the British people to stay within the “European family”. Donald Tusk warned that a Brexit vote will cause rise of anti-European power and create negative effects to both economies.

More specifically, the president of the European Council said: “As a historian I fear Brexit could be the beginning of the destruction of not only the EU but also Western political civilisation in its entirety. Every family knows that a divorce is traumatic for everyone. Everyone in the EU, but especially the Brits themselves, would lose out economically.”

What is more, Martin Schulz, the president of the European Parliament, mentioned that problems such as financial crisis, climate change, refugee crisis must be dealt at a European level “with more and better Europe” showing his clear support for the Remain campaign.

Polls reveal Brexit

There have been numerous opinion polls regarding the outcome of the EU-UK referendum with the main finding so far to be that the Brexit side has raised its percentage to a great extent reaching the Remain one.

The TNS online poll of 2.497 people which was published yesterday reveals that 47% of them want UK to leave the EU whereas 40% will vote to stay within the bloc. However, a considerable part of 13% still hasn’t decided or will not vote in the upcoming referendum.

Similar results were shown by the ORB online poll which gives to the Leave campaign a 10 point lead. Another online study (The Opinium) which was conducted in a sample of 2009 voters and published on June 12 for the Observer showed that both sides are close to 43-44% but the undecided voters consist of 13% of the total sample which makes things quite fragile.

Furthermore, the average of the six polls (both online and phone) conducted during the previous week show that both sides are close with the Remain one to maintain a small lead.

Possible UK exit causes financial markets’ volatility

The recent volatility of the world markets with the sterling to decline against almost all main counterparts experiencing a 1.1% decrease has raised serious concerns. The S&P 500 and MSCI World Index’s drop revealed also that the increase of Brexit’s probabilities have contaminated the financial world.

Nevertheless, UK is and will always be influencing the rest of the global markets with or without an EU-exit probability. There will always be uncertainties which will cause turbulences to the financial markets but eventually they will come back to normal in the long-run.

Besides, the European Central Bank (ECB) will pledge to support markets in the event of a Brexit scenario according to a senior central bank official who stated to Reuters that “there will be a statement to do whatever it takes to maintain adequate market liquidity.” The latter shows that the European mechanisms want to be ready in any case and several meetings have been scheduled especially on June 23 and 24 between Mario Draghi and his European peers.

Undecided voters will make the difference

The polls have shown that people are changing their minds according to the latest news and find it difficult to decide what is best for them. The percentage of people who has not yet decided if or what will vote is most likely to reveal the winner of the referendum. One thing is most likely to happen though. Undecided voters in general tend to support the side which preserves their status quo in fear of the unknown and in this case is the Remain side.

All in all, the coming days till the referendum will be crucial and both sides are about to make their last desperate efforts to persuade the remaining undecided Britons to vote in their favor by always looking for what the best for the UK.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

COP21 Breaking News_07 December: “The world is expecting more from you than half-measures”, UN Secretary General Bank Ki-moon cries out from Paris

US, Russia oblige each other in Syria and Ukraine selling off allies

TTIP wins first crucial EU test: MEPs give in to the trade agreement

EU-Turkey deal on migrants kicked off but to who’s interest?

Trump systematically upsets global order and trade: Where does this end?

Unemployment and exclusion brings EU cities to boiling point

Consumers suffer three defeats

ECB’s unconventional monetary measures give first tangible results

EU Council agrees to reform the system for motor vehicles but with “restricted” power for the Commission

European Youth Vlog

New VAT rules in the EU: how a digital sea could have become an ocean

European Council: Choosing new leaders for the EU betrays efforts for a wider arrangement

Can China deal with climate change without the U.S.?

Sub10 Systems @ MWC14: Bridging the Ethernet of the Future

Climate change and health: Raising awareness is the key for greener actions

Be a part of the World Forum on Future Trends in Defence and Security

The European Parliament fails to really restrict the rating agencies

Lessons from the Global Entrepreneurship Index

Is a deal over EU budget possible today?

The European Parliament x-rays the troika’s doings

A Sting Exclusive: Paris Climate Change Summit, a defining moment for humanity, by Ulf Björnholm Head of UNEP Brussels

No hard drivers in sight to remodel the stagnating affairs of the EU

ECB’s first flight in Eurozone’s banking universe will be just a reconnaissance

Commission’s feeble response to financial benchmarks fraud

Eurozone: Avoiding a new Greek accident

Eurozone dignitaries play with people’s life savings

EU to Telcos: Stop Mergers and Acquisitions but please help me urgently with 5G development

Parliament ready to fight for a different EU budget

Climate change: Will COP23 be able to accelerate the implementation of the Paris agreement?

At last a good price for the Greek debt!

GSMA announces new keynote speakers for 2018 Mobile World Congress

Income inequality threatens the socio-political structures in developed countries

The EU bows to Turkey in view of the talks for a political settlement in Syria

Greece’s Tsipras: Risking country and Eurozone or securing an extra argument for creditors?

The Parliament defies a politically biased Banking Union

Should Europe be afraid of the developing world?

2013, a Political Odyssey: What future for Italy?

GREXIT final wrap-up: nobody believed Aesop’s boy who cried wolf so many times

COP21 Breaking News: “We must accelerate the process”, Laurent Fabius cries out from Paris

On International Youth Day the European Youth Forum calls for true youth participation

Eurozone: Despite anemic growth and shaky banks marks record trade surplus

The true EU unemployment rate may have soared to 21.9%

JADE Spring Meeting 2016 highlights

MWC 2016 LIVE: Verizon boasts momentum for IoT platform

Germany may prove right rejecting Commission’s bank resolution scheme

Greece lost a month that cannot be found neither in “mini Summits” nor in Berlin

More capital and liquidity for the banks

EU Directive makes haircut on uncovered deposits a standard in bank bail-ins

Who and why want the EU-US trade agreement here and now

Why banks escape from competition rules but not pharmaceutical firms

Uncovered liabilities of €5 billion may render EU insolvent

Why capital markets have no more reservetions about Eurozone

Why did Cameron gain absolute majority? What will he do now? Will he vote ‘yes’ in Britain’s in – out EU referendum?

COP21 Breaking News_08 December: Cities & Regions Launch Major Five-Year Vision to Take Action on Climate Change

The representatives of the regions and the cities know better what the EU needs on migration, trade, poverty and taxation

European Young Innovators Forum @ European Business Summit 2014: Europe for StartUps, vision 2020

The Eurogroup offered a cold reception to IMF’s director for Europe

Europe rethinking its severe austerity policies

Matthias in Canada

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s