U.S. President Barrack Obama delivered passionate speeches over the weekend, making strong case for Britain staying inside European Union. Obama urged British voters to back “In” campaign by suggesting Britain’s rose in global stage gets magnified by staying in European Union.
While exit backers rebuked Obama for meddling in British internal affairs, he snapped back saying that he is not here to fix a vote but share opinion and Britons shouldn’t be afraid hearing out the arguments. But exit campaigners backfired further by saying, while U.S. is urging Britain to stay in EU, the country itself won’t give up its partial sovereignty to a body like European Union.
Nevertheless, Mr. Obama’s trade comments got lots of attention, when he suggested, despite UK being America’s one of the best friends, priority would be given to secure a trade deal with larger body first, which is EU and Britain will have to stay in the queue for as much as ten years. Trade has been corner stone of the campaigners as “Stay” campaigners suggest UK gets better deal by negotiating with the world by staying inside EU.
Moreover, According to Mr. Obama, Britain’s stay in the bloc, makes it more competitive, market focused and focused on global issues like terrorism, Russia and China’s aggression.
As of now, polls indicate, Britons are well divided and no group has any clear lead over other, only the future polls over the coming weeks will reveal, weather Obama was successful in changing some minds or not.
Pound gained sharply in early hours of trading and traded as high as 1.447 against Dollar before correcting. Currently trading at 1.443.
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