Back
22 Feb 2016
UK's Boris Johnson backs up Brexit, sends Pound sharply lower
Following news from the weekend that UK Prime Minister David Cameron reached a deal with Europe, in the last few hours, news broke out that UK politician and Mayor of London Boris Johnson will campaign for Britain to exit the European Union. As a result, the British Pound has collapsed more than 100 pips after Boris' announcement.
Boris Johnson wrote an article at the Telegraph UK, noting that "we are seeing a slow and invisible process of legal colonisation, as the EU infiltrates just about every area of public policy."
Boris added: "At a time when Brussels should be devolving power, it is hauling more and more towards the centre, and there is no way that Britain can be unaffected."
"This is a moment for Britain to be brave, to reach out – not to hug the skirts of Nurse in Brussels, and refer all decisions to someone else" Boris also said.
Boris Johnson wrote an article at the Telegraph UK, noting that "we are seeing a slow and invisible process of legal colonisation, as the EU infiltrates just about every area of public policy."
Boris added: "At a time when Brussels should be devolving power, it is hauling more and more towards the centre, and there is no way that Britain can be unaffected."
"This is a moment for Britain to be brave, to reach out – not to hug the skirts of Nurse in Brussels, and refer all decisions to someone else" Boris also said.