Scotland will hold a new referendum on separation from the U.K. unless it can stay in the European Union single market, First Minister Nicola Sturgeon will warn this week, adding to the pressure on Theresa May as the U.K. premier draws up plans for Brexit.
Sturgeon will detail proposals for a new arrangement with the U.K. to enable her country to remain inside the single market after Brexit, even if the government in London pulls England, Wales and Northern Ireland out. Voters in Scotland chose to stay in the EU in June’s referendum and now face being pulled out against their wishes by votes cast in England, she said in a commentary published in Monday’s Financial Times.
“It remains my view, and that of the government I lead, that the best option for Scotland remains full membership of the EU as an independent member state,” Sturgeon said. “Independence must remain an option for safeguarding our European status, if it becomes clear that our interests cannot be protected in any other way.”
Dollar Bruised, but not Battered Just Yet
USD/JPY – Yen Steadies After Rough Week, BOJ Rate Decision Ahead
Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.