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> Looking immediately before the referendum vote and afterwards Umm, Cameron announced that he would propose to hold a referendum on EU membership if his party
by logifail 3y ago
> Looking immediately before the referendum vote and afterwards
Umm, Cameron announced that he would propose to hold a referendum on EU membership if his party won the next general election way back in January 2013 [0]
The GBPEUR midrate at the end of that month was 1.167 [1]
Doesn't look quite as much of a story if one were to write about the British pound "plunging" from 1.167 when the possibility of a Brexit was first mentioned to, umm, 1.15 the day after the vote, does it?
BTW, I fully appreciate that the immediate movement due to the outcome of the vote was large, but there were a lot of expectations baked in, Cameron also promptly resigned after "losing" the vote, and political shocks like those aren't necessarily what you look for if you're hoping for a strong currency!
[0] https://www.theguardian.com/politics/2013/jan/23/david-cameron-eu-speech-referendum https://www.theguardian.com/politics/2013/jan/23/david-camer...
[1] https://www.xe.com/currencytables/?from=GBP&date=2013-01-31 https://www.xe.com/currencytables/?from=GBP&date=2013-01-31