UK Pound Mixed as Cameron Rejects New EU Deal

The UK pound is mixed today, as economic news is released, and as the latest attempt to save the euro is made. However, Great Britain isn’t pleased about the latest EU treaty, and it will be interesting to see what happens next.

Indeed, the latest change attempt for the eurozone actually involves changes to the way European Union institutions are used — not just eurozone institutions. And British Prime Minister David Cameron isn’t very happy about them. Indeed, he asked for some exceptions to rules that might have been detrimental to Great Britain, and was rejected.
Some of the impositions require certain budgets, and an agreement that the European Union can override budgets that don’t come up to scratch. British leaders aren’t interested in agreeing to rules that, in their opinions, intrude too far on national sovereignty. However, at this point, only Great Britain remains.
Only 17 of the 27 European Union countries are in the monetary union, all but Great Britain have agreed to the new rules. Could Britain leave the European Union altogether?
At 14:09 GMT GBP/USD is down to 1.5603, down from the open at 1.5634. EUR/GBP is higher at 0.8537, barely up from the open at 0.8535. GBP/CAD is higher at 1.5997, up from the open at 1.5988/ GBP/AUD is also higher at 1.5426, up from the open at 1.5372.

If you have any questions, comments or opinions regarding the Great Britain Pound,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *

99 − ninety six =