Financial warnings if Britain were to leave the EU

A vote to leave the European Union would be tantamount to a vote to devalue the pound in your pocket, and a vote to raise your cost of living.

Financial analysts at US company Goldman Sachs have warned* that if Britain votes to leave the European Union, the value of the pound could fall by 15 to 20% (broadly the same collapse as during the financial crisis of 2008-9). They argue that Brexit would result in the value of £1 dropping to between $1.15 and $1.20 USD (compared to its current value of $1.4565), and that €1 would cost 90 to 95p rather than today's 76p.

Specialists at the Citi bank have reached the same conclusion**, and also predict that a potential Brexit would cause consumer price inflation to go up by 3 to 4%.

The only sane vote is a "remain" vote. In the referendum, vote for Britain to maintain its position as a major financial power, and to remain part of the EU.

*http://www.theguardian.com/business/2016/feb/04/brexit--slash-sterling-20-warns-goldman-sachs [accessed 14 Jan 2016]

**http://www.ft.com/fastft/2016/02/08/citi-brexit-could-drive-inflation-up-to-4/ [accessed 14 Jan 2016]