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Sturgeon Draws Brexit Red Lines

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Scotland is putting forward plans to remain in Europe’s single market after vowing to seek independence from the U.K. should its voice be ignored in Brexit talks.

First Minister Nicola Sturgeon on Tuesday will detail her semi-autonomous government’s red lines on keeping access to free trade and labour as the U.K. heads into talks on withdrawing from the European Union next year. She reiterated at the weekend her stance on calling for a fresh vote on breaking away from England and Wales if Scotland’s demands aren’t met.

“Losing our place in the single market would be potentially devastating to our long-term prosperity, to jobs, investment and people’s livelihoods,” Sturgeon said in a statement before the publication of a Scottish government paper on the issue. “Our proposals deserve full and proper consideration.”

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Craig Erlam

Craig Erlam

Former 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.
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