Should I stay or should I go? This is the question facing Brits regarding the European Union membership. And what will happen to the pound? The team at CIBC weighs in: Here is their view, courtesy of eFXnews: Financial markets are starting to take it seriously, and with good reason. Polls show a tightening race ahead of the referendum on June 23rd, while internet searches for “Brexit” are running slightly higher than the peak seen for “Grexit”, when Greece’s status was in jeopardy. A British exit from the EU would stir up new uncertainties, both for the UK and the Eurozone, that a decision to remain would avoid. So we can understand why Sterling has headed weaker this year. However, we would be buyers of Sterling and other affected assets just ahead of the vote. Should the “remain” side win, Sterling would likely see a quick rebound, just as it did after the Scottish independence referendum, or when a general election seen as a close call returned the certainty of a Tory majority. Although there hasn’t been any obvious underperformance so far in UK equities versus others in Europe, that could still develop, and would be reversed on a “stay” vote. True, a vote for “leave” would initially be a further negative for Sterling, as investors worry about risks to British trade, or even London’s status as a European financial centre. But second thoughts on its long term implications could reverse that damage, since a “Brexit” need not be the slamming of economic doors to Europe that many assume. History, trade patterns and other factors suggest that the most likely mediumterm outcome of a “leave” victory would be fairly minimal in terms of actual disruptions to trade, markets or capital flows. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next IFO Business Climate beats with 106.7 – small relief for Yohay Elam 6 years Should I stay or should I go? This is the question facing Brits regarding the European Union membership. And what will happen to the pound? The team at CIBC weighs in: Here is their view, courtesy of eFXnews: Financial markets are starting to take it seriously, and with good reason. Polls show a tightening race ahead of the referendum on June 23rd, while internet searches for "Brexit" are running slightly higher than the peak seen for "Grexit", when Greece's status was in jeopardy. A British exit from the EU would stir up new uncertainties, both for the UK and the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.