Recent Polls Show Brexit Likely

Recent polls over in the UK show that the camp that supports leaving the European Union has opened up a slim lead. The recently released government report that showed a net inflow of over 330,000 new immigrants to Britain in 2015 has given a boost to those that want to leave the EU.  Of course, polling in the UK still has a black eye from totally missing the massive win by Conservatives in the last election, so those polls must be taken with a grain of salt. But the polls are certainly not a reassuring sign for David Cameron and those who want to stay. And relying on the belief that voters, once they get into the polling booth, will step back form making such a dramatic change is hardly a confidence booster for the "stay" camp. The vote will take place on June 23 and right now markets seem to be completely unruffled by the possibility of Britain actually leaving the EU. But that may change as the date gets closer and polls continue to show a lead for those who want to leave. And if the leave votes do prevail, the cascading tremors of that vote could shake the European project to its core.