By Robert Hutton, Alex Morales and Svenja O’Donnell

(Bloomberg) — Prime Minister David Cameron made an impassioned plea to the British folks to contemplate their kids’s futures earlier than voting on whether or not the U.Ok. ought to keep within the European Union.

In a direct tackle to voters from outdoors his Downing Street residence in central London Tuesday, Cameron requested the nation to place apart its private views of him and heed the a number of voices arguing that EU membership made Britain stronger, safer and richer. “Of this, every living prime minister, whether Labour or Conservative, is convinced,” he mentioned.

“I want to speak very directly to those of my generation and older,” Cameron mentioned. “Do think about the hopes and dreams of your children and grandchildren. They can’t undo the decision we take. If we vote out, that’s it. It is irreversible. We will leave Europe for good. And the next generation will have to live with the consequences.”

The intervention, delivered with out prior discover, suggests the prime minister could also be much less satisfied than buyers that momentum is firmly along with his “Remain” marketing campaign lower than two days earlier than Thursday’s referendum. Moments earlier than Cameron spoke, the pound pared positive aspects as a ballot by Survation confirmed “Remain” on 45 % and “Leave” on 44 %, a one-point lead that’s throughout the margin of error.

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Billionaire investor George Soros, Hong Kong’s richest man Li Ka-shing, and soccer celeb David Beckham earlier rallied behind Cameron’s marketing campaign for Britain to remain within the EU.

The Queen’s Sympathies

Royal biographer Robert Lacey reported that Queen Elizabeth II has just lately been asking dinner companions for “three good reasons why Britain should be part of Europe.” Lacey, writing in a weblog on the Daily Beast web site, mentioned that the queen’s sympathies might “on occasions, like those of many of her subjects, have veered towards Brexit.”

Asked in regards to the report, Buckingham Palace mentioned in an e-mailed assertion: “The Queen is above politics and acts on the advice of Her Government in political matters. The referendum is a matter for the British people to decide.”

While newest opinion polls nonetheless sign a good vote, bookmakers and forex markets recommend that “Remain” is in a robust place heading into the ultimate 36 hours of campaigning. The pound held close to the strongest degree towards the greenback since January, whereas an index of odds compiled by the Oddschecker survey put the chance of a vote to depart at 25 %, down from 45 % every week earlier.

‘Pandora’s Box’

Soros, who made $1 billion betting on a devaluation of the pound in 1992, warned within the Guardian newspaper that leaving the EU may lower the worth of sterling by as a lot as 20 %.

“That is a huge risk to Britain, to British families, to British jobs,” Cameron mentioned. “Brits don’t quit. We get involved. We take a lead. We make a difference. We get things done.”

Pro-Brexit Justice Secretary Michael Gove ridiculed the billionaire investor’s feedback. “If economic forecasters were as reliable as doctors or airline pilots, then everyone would be a billionaire,” Gove instructed BBC Radio. “The truth is that economic forecasters like George Soros have got things wrong in the past.”

The Brexit referendum is being monitored by governments, politicians and buyers all over the world amid concern a vote to depart the EU may encourage anti-establishment sentiment elsewhere and heighten world instability. Spain’s Acting Economy Minister Luis de Guindos, campaigning forward of his nation’s common election on Sunday, mentioned the vote has opened “a Pandora’s box of populism.”

Yellen, Draghi, Beckham

The remaining massive set-piece earlier than the referendum is scheduled for Tuesday night, when former London Mayor Boris Johnson and his pro-EU successor, Sadiq Khan, participate in a BBC Television debate at London’s Wembley Arena.

Political leaders and central bankers issued recent warnings. In Washington, Federal Reserve Chair Janet Yellen mentioned a Brexit may roil forex markets and damage the U.S. economic system whereas Mario Draghi mentioned the European Central Bank may act to comprise the fallout. The ECB is ready to stabilize markets, present liquidity and deploy present swap traces with different central banks, Draghi instructed a European Parliament listening to in Brussels.

As Cameron spoke, his former adviser Steve Hilton was touring TV studios arguing that the prime minister had been instructed in 2012 he couldn’t cut back immigration whereas Britain was contained in the EU. Cameron addressed this not directly, saying his job was to maintain the nation protected. “I would not be standing here, encouraging you to vote to remain in the EU if I thought that the EU stopped me from doing that,” he mentioned.

For many citizens, the largest intervention of the day might have come over breakfast, when David Beckham, the previous England soccer crew captain, grew to become the newest celeb to help “Remain.” “For our children and their children we should be facing the problems of the world together and not alone,” Beckham tweeted.

© 2016 Bloomberg L.P