If we vote for Brexit what happens

A_Medium_Size_Jock

The GBP is 10% undervalued & a rebalance is projected to deliver higher values over coming months according to Barclays:
https://www.poundsterlinglive.com/eur/5334-gbp-to-eur-conversion-forecast-barc-343

setmefree2

Opel cuts hours as UK demand hit by Brexit

FRANKFURT--General Motors Co.'s German unit Adam Opel GmbH said on Friday it would reduce working hours for some of its employees because of weakening demand for its Corsa and Insignia models in the aftermath of the Brexit vote.
"There will be short-time work in the plants in Ruesselsheim and Eisenach during the course of the year," an Opel spokesman said. He couldn't say how many days employees would work reduced hours.
"This will depend heavily on the sales volume of the Insignia and the Corsa in the U.K.," he said. The U.K is the company's biggest market for both vehicles.

Opel has been one of GM's biggest headaches as the German subsidiary has suffered declining sales and losses for years. However, the situation has improved recently and last month Opel reported its first quarterly profit since 2011.
GM said last month it expected a $400 million potential hit in the second half as a result of Brexit, citing the weakening of the British pound and slack U.K. demand. The problems could thwart the company in reaching its goal of returning to the black in Europe on an annual basis for the first time since 1998.
"The Brexit situation is an issue for everybody who does business in and with the U.K. at the moment," Opel said on Friday.

http://www.marketwatch.com/story/opel-cuts-hours-as-uk-demand-hit-by-brexit-2016-08-19

setmefree2

Brexit Bulletin: Pro-Leave Economists Can Smell Vindication

http://www.bloomberg.com/news/articles/2016-08-19/brexit-bulletin-tech-calls-for-open-internet-borders

Thrugelmir

Kohoutek wrote: »

We're still in the EU.

You really don't get it, do you?

When do you think the lights will go out then?

setmefree2

London Tech Scene Remains Buoyant After 'Temporary' Brexit Setback

The signs are that London is holding firm. New research from agency London & Partners reveals that investment into London and UK-based technology companies remains strong since the Brexit vote, with UK tech firms attracting $200m of venture capital funding across 42 deals.
Leading global investment firms have committed to continue investing in the UK’s tech sector saying that London will remain an important destination for investment despite the vote to leave the European Union
Venture capital houses such as Index Ventures, Octopus Ventures, Balderton Capital and Hoxton Ventures are among a wider group of investment firms to pledge their continued support for the UK’s tech sector, with many citing London as an important hub for future growth.

http://www.forbes.com/sites/montymunford/2016/08/19/london-tech-scene-remains-buoyant-after-temporary-brexit-setback/#236ec9e81f5c

setmefree2

Brexit fails to halt job demand for IT professionals

Brexit concerns have failed to stall the demand in IT professionals, with the number of jobs for IT professionals rising by 15% across the UK in July.

http://www.cbronline.com/news/verticals/tmt/brexit-fails-to-halt-job-demand-for-it-professionals-4983672

setmefree2

Better value for British flowers following Brexit

The "silver lining" of Brexit means British flowers are becoming better value compared with overseas imports, which make up 97 per cent of the £2bn UK market - and a new app is aimed at helping UK growers show what they have available as efficiently as Dutch suppliers.

http://www.hortweek.com/better-value-british-flowers-following-brexit/ornamentals/article/1405925

mrginge

Thrugelmir wrote: »

When do you think the lights will go out then?

Come on mate you should know the way this works by now.

Bad news = all because of brexit
Good news = the bad news hasn't filtered through yet.

Kohoutek

A_Medium_Size_Jock wrote: »

Try telling that to those within these forums that are intent upon crying doom and gloom for every incident small to large, and then blaming those that voted to leave the EU.
It works both ways.

Fair point. I don't endorse the silly predictions Cameron and Osborne made about the immediate consequences of the Brexit vote, but clearly it's very premature to say everything will be fine before we have left the EU. If Brexiteers are saying that, you have to question whether they are comfortable with their own decision.

Thrugelmir

Kohoutek wrote: »

Fair point. I don't endorse the silly predictions Cameron and Osborne made about the immediate consequences of the Brexit vote, but clearly it's very premature to say everything will be fine before we have left the EU. If Brexiteers are saying that, you have to question whether they are comfortable with their own decision.

Perhaps some positive news about the EU maybe a better way of promoting your argument. As far as the UK is concerned there is a direction of travel to resolve the challenges faced. The EU collectively isn't faring very well. With a total reliance on Germany to bail out the poorer southern member states. Germany faces it's own challenges. Next month's elections will reveal how the electorate feels. Rather than the propaganda spouted by the political elite.