UK pound falls to fresh 2.5-year low against Singdollar as 'Brexit' fears persist

[GPD]

The risks and consequences will not become clear until 2-3 years later. If Britain does well after leaving the EU then the EU project is doomed because the euro-sceptics will now point to its success and people will be convinced to leave the EU quite easily.

Its in the EU's interest to see UK fail outside the EU, but ironically it will also end up hurting them because UK is the 2nd largest economy in Europe. Heads or tails, the EU cannot win.

So long as UK fare worst than EU, EU council can blame on UK.  EU lose but EU council wins and it is more important to EU council that they win.