The latest polls, betting odds, and pound-euro exchange rate suggesting which way the vote might go in the UK’s referendum on EU membership on the 23rd June.
In the week gone by most of the indicators pointed towards a tight race, with the leave vote gaining ground. The vote is important for anyone with an interest in Spanish property, as I explain here: UK EU-referendum implications for Spanish property market
LATEST OPINION POLLS
An ICM poll on the 30th may put the leave camp ahead 47-44. I think it was a telephone poll, which are more reliable. The YouGov poll on 31 May put both sides equal on 41%. A good week for the leave camp.
LATEST BETTING ODDS
The latest betting odds from Betfair show a big gain by the leave camp. The remain camp is still the odds on favourite, but the the race now looks much tighter, as far as the bookies are concerned.
LATEST EUR/GBP EXCHANGE RATE
The Pound crashed at the beginning of this week, dropping from a near 17-week high of €1.3196 to two-week low of €1.2863, erasing the previous week’s gains. The tumble was caused by the latest referendum polling data, which showed that the ‘Leave’ campaign held a 4% lead against ‘Remain’.
Mariano Rajoy, the Spanish PM, sent a blunt message warning of the consequences of a Brexit vote for British expats in Spain.
British expats could lose the right to live and work in Spain in the event of a Brexit vote, the country’s Prime Minister Mariano Rajoy has suggested.
“it would be very negative for British citizens” if Britain were to leave the EU, because they would no longer be able to move freely around Europe.
More than 400,000 British citizens live and work in Spain, in comparison to 100,000 Spanish citizens who live and work in the United Kingdom, he claimed. (Telegraph).