Cameron Suggests Wants EU Referendum next Year

Prime Minister David Cameron gave his strongest suggestion yet on Friday that he hopes to hold a referendum on Britain’s membership of the European Union in 2016, before a self-imposed two-year deadline.

The timing of the referendum, to decide whether Britain stays in the EU, is sensitive as it will determine Britain’s future role in world trade and affairs and shape the bloc. The longer the vote is delayed, the longer there will be uncertainty over the future over the EU and Britain.

Cameron said on Thursday he had secured a pathway to agreement on his renegotiation to win Britain better terms of membership of the EU, something he said he needed to convince increasingly sceptical voters to stay in the 28-member bloc.

At a news conference, he said: “I believe that 2016 will be the year we achieve something really vital, fundamentally changing the UK’s relationship with the EU and finally addressing the concerns of the British people about our membership.”

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.