- The Brexit would change the dynamic of the EU.
- Brexit is bad for the EU, not just the GBP.
- A Brexit will impact all who deal with the pound.
- Volatility peaking June 23 is guaranteed for GBP-related assets.
For Americans, a referendum is a vote whereby voters determine a political decision. America is largely a Representative Republic. Only some U.S. states, like California, have direct social democracy in which referendums determine state law.