History Shows It's Too Early to Start Trading Britain's EU Vote
- Sterling volatility is lowest among Group-of-10 currencies
- Exit risks sidelined by markets awaiting referendum date
GLASGOW, SCOTLAND - MAY 20: Members of staff at James Stevenson Flags hold a Union Jack and Saltire flag on May 20, 2014 in Glasgow, Scotland. A referendum on whether Scotland should be an independent country will take place on September 18, 2014.
Photographer: Jeff J Mitchell/Getty ImagesThis article is for subscribers only.
As David Cameron hammered out his plans to reform Britain’s role in the European Union before a referendum on the nation’s membership, financial markets barely blinked.
That’s because traders are still waiting for one vital piece of the jigsaw: the date of the vote.