EU Referendum

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On the other hand, let's hope good things can come out of this.

 

[Mark84]

Whilst the pound has dropped, it will recover next week. The Euro is now finished, sell that thing fast because other countries will now leave.

 

[AssetDomains]

Just woke up to see the BBC calling it for leave
My area seemed to favour Remain which is something I guess

 

[Edwin]

FTSE futures are down 8% apparently. If that's reflected in stock market trading, then that's going to be a loss of around £500 billion (yes billion) by end of trading tonight. Much of which will come out of pension funds.

 

[Mark84]

FTSE futures are down 8% apparently. If that's reflected in stock market trading, then that's going to be a loss of around £500 billion (yes billion) by end of trading tonight. Much of which will come out of pension funds.

The stock market is well over priced anyway, it was always going to collapse a bit. But remember the pound is now cheaper, so watch the investments pour in from China and east Asia because they now get more bang for their buck. Exports will rise with the lower pound, more jobs.

What's more, just like after the Nominet thing with .uk, it might have been bad but now we have certainty. What we have now is a baseline, we can build on it with our eyes open.

 

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If we in the UK could be split like this, who on earth thought of EU super state and the expansion.
If 65M are split how are going to bring 500M of different cultures and way of life together.

 

[Mark84]

Gold price is already starting to drop a bit 1% lower from it's high 20 minutes ago, so markets starting to get a grip already. If people panic sell, some bargains will be had I guess just need a big pair of wrecking balls.

 

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Are we going to have another Scottish referendum

 

[Edwin]

Numerous SNP MPs in the last couple of hours are already talking about parlaying the huge Remain vote in Scotland into a second referendum with the intent of keeping Scotland in the EU. Whether they can do that or not remains to be seen.

 

[Mark84]

Numerous SNP MPs in the last couple of hours are already talking about parlaying the huge Remain vote in Scotland into a second referendum with the intent of keeping Scotland in the EU. Whether they can do that or not remains to be seen.

Might be worse than that to be honest because constitutionally we technically can't withdraw from the EU without their permission. I don't know how Westminster solve this because their devolved Parliaments have to agree, can't see the SNP jumping at that one.

One big mess on that front.

 

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Will Northern Island also want referendum as well since they vote to remain as well.

 

[Edwin]

I need to sleep, I have to sleep, but I can't seem to tear my eyes away from the car crash in the financial markets.

 

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You are not alone @Edwin, no school run for me this morning.

 

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Why do leave campaign keep saying we need to introduce Australian style point system, we have it already but only apply to immigrants from outside the EU.

 

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Now that we have voted out, we should respect all sides and let's make the best of the future.

 

[Edwin]

The 8 questions Cameron has to answer
http://www.theguardian.com/politics...b030d83eb4a0e0#block-576cb2b1e4b030d83eb4a0e0

Well worth a read.

 

[bonusmedia]

We're not a very United Kingdom this morning. Dark days ahead.

 

[cannybagotudor]

The 8 questions Cameron has to answer
http://www.theguardian.com/politics...b030d83eb4a0e0#block-576cb2b1e4b030d83eb4a0e0

Well worth a read.

The real question he will need to answer is really why he offered the referendum in the first place,I voted leave but I am not blind enough to wonder why such a monumental referendum was offered in the first place. There is so much to sort out, SNP will undoubtedly go for indy ref 2, I expect a mini recovery in the markets, nothing major but alot of activity during the night was speculators, by the end of friday a more realistic picture of sterling and the markets will appear.

From a personal view Cameron and Osbourne were the wrong face for remain, people are disillusioned with politics and I will admit had Cameron and Osbourne actually connected with the population this would never have happened.

I think Nigel Farage must have watched the film "independence day" for his speech.

 

[websaway]

Official now , it's an out. 52% to 48%.

 

[spiderspider]

So much pessimism about. I will now say, WOOHOO!!!!!!!!!!!!!! WE DID IT!!!!!!! SOD ALL THOSE BLOODY 'EXPERTS' AND REPORTS.

However, a calm and measured head is still needed, as many stayers are almost crying on TV (anyone see Keith Vaz on BBC??).

edit- yes i've edited above, got my leave and stayers wrong way round lol

I think the BBC guy got it right. he said something like:

The markets will always try and make a quick buck. They thought they got it right, and that the UK would remain. But now they realise they ave it wrong, so have to scramble to try not to loose to much.

Give it a few days (if not hours) and all will smooth out