weird...What is happening to the pound??

Absolutely hence my suspicion that there is more to it than simply reaction to referendum poll

 

If we pull out on Thursday I think most experts believe the stock market and the pound will plummet. As with most crashes like this they recover to a degree. Much though I'd hate us to come out and see the markets dive I think I'd be advising to buy straight away while they're at rock bottom.

 

No it won't stop altogether if we leave the EU. As a minimum there's a two year transition period as provided for by §50 of the Treaty of Rome (the section the U.K. would invoke to leave). The two year transition is to allow a new deal to be struck. The new deal would have to be approved by each of the 27 remaining countries (unless some others chose to leave) before it could come into force. It's really difficult to say what the new deal would be like as the obvious models Norway, Switzerland both pay into the EU and allow free movement of people - these are obviously two things which the "Leave" campaign don't like (there are probably people in the "Remain" campaign who don't like them either !). It's hard to imagine that the EU club would allow easy access to a country which chose to leave and said it doesn't want to abide by the club rules - it'll be one hell of a negotiation if the need arises............

 

The 48% figure includes exports to countries outside the EU but that travel via Rotterdam ..actually leaving our shores to stay in Europe it's 44% .

As to deficits it's not quite as straightforward as that..I'll try and find the figures later.