Catalonia Stands By Independence Vote

Catalonia refused on Tuesday to bow to the Spanish government’s demand that it renounce a symbolic declaration of independence, setting it on a political collision course with Madrid later this week.The Spanish government has threatened to put Catalonia, which accounts for a fifth of the economy, under direct central rule if its government does not abandon independence by Thursday.But Catalonia’s government rejected Prime Minister Mariano Rajoy’s deadline.“Giving in forms no part of this government’s scenarios,” Catalan government spokesman Jordi Turull said. “On Thursday, we won’t give anything different than what we gave on Monday.”

Source: Catalonia refuses to renounce independence, anti-government protests form – Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
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 Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. 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.