Sturgeon Lays Out Plans For Second Referendum

Scottish First Minister Nicola Sturgeon said she’ll start the legal process of preparing for a second independence referendum, threatening to open a new front in the Brexit battle as the U.K. government prepares to trigger negotiations.

Scotland, which voted to remain in the European Union, “stands at a hugely important crossroads” as a result of the U.K. decision to leave the bloc, Sturgeon said. The Scottish government repeatedly sought compromise with Prime Minister Theresa May’s government, only to be “met with a brick wall of intransigence,” Sturgeon told reporters in Edinburgh.

As a result, Sturgeon said she will seek the authority of the Scottish Parliament to agree with the U.K. government on a so-called Section 30 Order granting “the ability of Scotland to legislate for an independence referendum.” The referendum would be held between the fall of 2018 and the spring of 2019, she said on Monday.

Bloomberg

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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