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Brexit nerves knock FTSE as leaders talk

Thursday, February 18, 2016 - 01:40

Investors and citizens brace themselves as Britain's Prime Minister holds 'now or never' talks to keep Britian in the European Union. Joel Flynn reports

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When it comes to its image abroad, Britain is sold as quaint and traditional. It's always been The Island Nation - but its historic and valuable links to Europe are now being tested. The UK is waiting to vote on whether it wants to stay in the European Union. And for Britons living abroad, like Amsterdam shop owner Lin Sargent, the choice is clear. SOUNDBITE: British Shop Owner, Lin Sargent, saying (English): "I think it would give England a new boost, give everybody more of an English pride, which is what's been missing for quite a few years." Prime Minister David Cameron is heading to Brussels for a summit that will be dominated by the threat of Brexit. He's lobbying Europe's leaders to secure concessions for Britain's membership of the EU, on issues like migration and benefits. Better terms, Cameron says, means more voters will want to stay in. Most of Europe agrees that's desirable, but not at any cost. Jean-Claude Juncker is President of the European Commission. SOUNDBITE: European Commission President, Jean-Claude Juncker , saying (English): "We have to sort out a certain number of questions among those the one you are mentioning and I'm convinced that Britain will be a constructive and active member of the European Union." The debate will impact human rights laws, as well as business and trade, particularly in the UK. CCLA's James Bevan. SOUNDBITE: CCLA Chief Investment Officer, James Bevan, saying (English): "I would be expecting to see the pound fall to $1.30. I equally anticipate there would be a shift up in bond yields, because global investors would be less confident about holding assets in the UK." Polls suggest a growing number of Brits want to leave the EU. If Cameron really wants to stay - as he says he does - he's got a lot of convincing to do.

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Brexit nerves knock FTSE as leaders talk

Thursday, February 18, 2016 - 01:40