The United Kingdom held their referendum on whether to stay or leave the European Union yesterday, and the Leave movement won by around a million votes, which lead to Prime Minster Cameron’s resignation this morning.
The markets are reacting negatively, which is not unexpected. Scotland voted to remain, so now there’s a question of whether Scotland will remain in the United Kingdom. Lot of unanswered questions.
On the U.S. side, President Obama’s ill-advised statement to the British public during his visit needs to be looked at. We should not abandon Britain, nor should our government move it to the “back of the queue” for consideration for trade deals as President Obama told the British people would happen if the Leave side won.
The U.S.-British friendship and business relationship should get stronger, and not weaker as President Obama has suggested. I hope he doesn’t take to the airwaves to issue more threats now that the Leave side has won.
Hopefully the UK and EU will come to an understanding that is fair to all parties involved.
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