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 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