- MarketPulse - https://www.marketpulse.com -

UK Government Divided on EU Membership

s British Prime Minister David Cameron arrives in Washington to press for a new EU-US trade deal, prominent members of his cabinet said they would vote against the UK remaining part of the European Union (EU).

Usually-loyal government ministers Michael Gove and Philip Hammond, secretaries of education and defense respectively, announced on Sunday that both would vote to leave the EU if a referendum was held now.

Their opposition to the U.K.’s current position in the Union follows calls last week by two former Tory ministers, Lord Lawson and Michael Portillo, for Britain to finally revoke its EU membership.

Cameron – who has said he will hold an “in or out” referendum in 2017 if his party wins an overall majority at the 2015 election – has stated that he will support continued EU membership and said that his ministers supported his strategy of reforming the EU before holding an eventual referendum

via CNBC [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

Latest posts by Alfonso Esparza (see all [6])