Britain’s EU referendum

>> British voters will shape the future of the UK and Europe on Thursday 23 June when they decide whether to stay in the European Union.

>> The ‘Vote Remain’ movement is led by PM David Cameron, who promised the referendum in 2013 under pressure from euroskeptic lawmakers in his own party.

>> The ‘Vote Leave’ movement is backed by ex-mayor of London Boris Johnson and UKIP leader Nigel Farage.

>> Investors, chief executives and central bankers are bracing for what could be one of the most volatile events for financial markets since, at least, the 2008 collapse of Lehman Brothers.

>> The vote comes a week after the murder of British MP Jo Cox many voters wondering if the campaign rhetoric on both sides – warnings of economic disaster versus uncontrolled immigration – had gone too far.

>> An ‘out’ vote would leave the EU to weather the exit of its no. 2 economy, representing $2.9 trillion of its GDP, while Britain’s economy could stall.

>> An ‘in’ vote would trigger a rise in sterling and relief in Western capitals but would still leave Britain – and Cameron’s ruling Conservative Party – deeply divided.

>> Voting begins at 0600 GMT on June 23 and closes at 2100. Results are due around 0000-0500 GMT the next day.

(Reuters)

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