The Dutch are voting today in their referendum. Looks like a no is coming up. Jan Peter Balkenende, the Prime Minister, is hoping for Ya but he has been so bad at communicating his views that the Dutch have taken to believing they can really have a say.
The Euro is proving a difficult currency with regard to prices, immigration is seemingly out of control, and the Dutch Government is losing its way in the Brussels bureaucracy. Yes, it will be Nee!
The Treasury comment on the big falls in government bonds and the pound
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It is unusual for the Treasury to comment on market changes. Yesterday they
did as the 10 year yield soared to 4.8% and the pound fell another cent
agains...
5 hours ago
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