European Union - Ramifications

[AMDBSTony]

Just tried to access my Moneycorp account and everything is suspended in the financial world.......WTF, cant even transfer funds now!!

Interesting times ahead??

[CS Garth]

We are on the brink of financial disaster - this is a disaster. All of the outers will get their wish, total financial meltdown

Oh silly silly little Englanders who had no true understanding of the consequences of their actions. I hope they are pleased

[Mothersruin]

It's going to be fine.

[loose cannon]

CS Garth said:

We are on the brink of financial disaster - this is a disaster. All of the outers will get their wish, total financial meltdown

Oh silly silly little Englanders who had no true understanding of the consequences of their actions. I hope they are pleased

The fact the eu was about to collapse on its arse is irrelevant no

[Durzel]

Mothersruin said:

It's going to be fine.

Eventually.

Pound down circa 10% according to Beeb, was only ~4% down during 2008 crash.

[CS Garth]

loose cannon said:

CS Garth said:

We are on the brink of financial disaster - this is a disaster. All of the outers will get their wish, total financial meltdown

Oh silly silly little Englanders who had no true understanding of the consequences of their actions. I hope they are pleased

The fact the eu was about to collapse on its arse is irrelevant no

It wasn't but it is now. If you want to see what collapse on its arse looks like observe the events of today. Totally rout in all markets.

If anyone is going on holiday soon - anywhere outside of uk- your holiday just got about 20 percent more expensive

[Mothersruin]

Durzel said:

Mothersruin said:

It's going to be fine.

Eventually.

Pound down circa 10% according to Beeb, was only ~4% down during 2008 crash.

It's going to be fine.

We're a country full of World Class talent.

We'll be fine.

[ex1]

Durzel said:

Eventually.

Pound down circa 10% according to Beeb, was only ~4% down during 2008 crash.

Thats good news for exports.

[spookly]

There is going to be a lot of volatility in the short term. I'd ignore the 10% drops today and see where we are in a couple of weeks.

The market was caught out on the wrong side. Somebody has lost a LOT of money on this. Somebody else has also made a packet.

Whenever the market is caught out there is panic. I suspect it'll stabilise around the 1.40 ish mark. Down from the 1.50 earlier before Brexit, but not as low as now. My gut feeling is that it will then climb slowly, but it will be very dependant on everyone not predicting doomsday, as markets follow sentiment far too much.

[CS Garth]

Much of which is foreign and attracted here by freedom of movement. We are why we are because of the rules that allowed this to flourish. They are about to be ripped up.

Longer term we just don't know but short term will be brutal

[AMDBSTony]

I agree that in the short term there will be extreme reactions but I truly beleive that when all settles in a few months, normality will return and we will all just get on with making the situation work........I hope!!

[Ozzie Osmond]

It seems the turkeys have voted for Christmas.

One huge question is the future of the "United" Kingdom,

• Northern Ireland voted remain and has a land border with an EU state. United Ireland?
• Scotland voted remain and has already been rocking the boat. Independent Scotland?

and biggest of all

• London, driver of the UK economy for 30 years, voted remain.
• People under 30 - Britain's future - voted remain

[Sump]

Mothersruin said:

Durzel said:

Mothersruin said:

It's going to be fine.

Eventually.

Pound down circa 10% according to Beeb, was only ~4% down during 2008 crash.

It's going to be fine.

We're a country full of World Class talent.

We'll be fine.

[MX51ROD]

Damm got to get new number plates for 2 cars a van and a caravan ,more expense

[phib]

Looks like all our left hand drive cars now look cheap for the Europeans !!!

Phib

[Durzel]

spookly said:

There is going to be a lot of volatility in the short term. I'd ignore the 10% drops today and see where we are in a couple of weeks.

The market was caught out on the wrong side. Somebody has lost a LOT of money on this. Somebody else has also made a packet.

Whenever the market is caught out there is panic. I suspect it'll stabilise around the 1.40 ish mark. Down from the 1.50 earlier before Brexit, but not as low as now. My gut feeling is that it will then climb slowly, but it will be very dependant on everyone not predicting doomsday, as markets follow sentiment far too much.

You're right, but there will be a lot of pain, and I don't believe the "night is darkest before the dawn" rhetoric on this one. There will be many UK companies that go to the wall over this.

Kinda ironic we're playing Iceland in the next round of Euros..

[Ozzie Osmond]

One thing is certain - a lot of Brits are going to find their summer holiday abroad just got a LOT more expensive!

[Mothersruin]

Sump said:

Mothersruin said:

Durzel said:

Mothersruin said:

It's going to be fine.

Eventually.

Pound down circa 10% according to Beeb, was only ~4% down during 2008 crash.

It's going to be fine.

We're a country full of World Class talent.

We'll be fine.

Did you just watch the news?

[williamp]

Goodbye eu. Hello individal eu countries, rest of world. 5th largest economy in the world has just become a more competitive place to do business

[Mike_Mac]

Ozzie Osmond said:

It seems the turkeys have voted for Christmas.

One huge question is the future of the "United" Kingdom,

• Northern Ireland voted remain and has a land border with an EU state. United Ireland?
• Scotland voted remain and has already been rocking the boat. Independent Scotland?

and biggest of all

• London, driver of the UK economy for 30 years, voted remain.
• People under 30 - Britain's future - voted remain

Very true.