Generally speaking there is a significant rebound after a fall like this, then a period of dwindling oscillation.
The market is really just measuring panic at this stage rather than fundamental value. I would expect the market to be down longer-term but the short-term doesn't tell you much other than that investors are going "waaaaaaahhh!".
I just hope this doesn't mean Europe will collapse. Too many people in Europe only blame Brussels for everything. What's going to happen if EU really falls apart? Will they start to blame each other's neighbours?
I really thought people in today's world realize that we have to stand together as a unity, or we will fall apart one by one.
http://www.telegraph.co.uk/news/2016...g-uk-billions/Why do you think the EU would offer the UK a trade deal even as good as the one they had, let alone better? That would be actively rewarding them for weakening the EU.
But the memorandum suggests that Britain is losing out on £2.5 billion a year in potential trade as a result of the ongoing delays to a proposed deal between the EU and Latin America. "“The raw truth is that the EU hates genuinely free trade. That holds Britain back, costs us jobs, and keeps prices on the high street artificially high.”"Dominic Raab
Under EU treaties, the UK cannot negotiate its own trade arrangements and has to wait until Brussels reaches agreements that are acceptable to all 28 member states, a process that often takes years to complete."Good deals"?Priti Patel, the employment minister, said EU membership meant the British economy was being “tied to a sinking ship”.
She said: “Being a member of the EU has rendered us powerless to reach our own trade deals and these missed trading opportunities are costing our economy money, jobs and growth.”
LMAO.
Went to bed seeing a small pro-Remain margin in Newcastle, and a big pro-Leave margin in Sunderland. Woke up to see 52% in favour of Leaving.
Might not be easy (at first), but that's okay. Liberty and self-determination are worth a heck of a lot more to me than a few % GDP.
If the Pound keeps falling, I might be able to afford going there to see my Bengals take on the Redskins.
@British Pound.
*Plays limbo music*
'How low can you go?
Panic mode tends to be short lived.That's certainly one way to handle the results of one's decision.
It will reverse soon enough. The markets panic if someoine gets a cold. This is..news?
Funny how it was mostly peple aged 50 and above that voted for a brexit. If it could take up to 15 years before the EU leave really is "official" then most of the people that voted for it will either be dead or to old to even notice.