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Referendum result - Predictions

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Comments

  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    Make that 5c. Bollox
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    !!!!!! is it like being at work watching the indices all fall off a cliff while Britain sleeps Gen?
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • Jon_B_2
    Jon_B_2 Posts: 832 Forumite
    500 Posts
    Sterling was incorrectly priced - no one ever thought a leave vote was ever really going to happen.

    I'm just glad I bought my Euros on Tuesday.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    edited 24 June 2016 at 4:21AM
    vivatifosi wrote: »
    !!!!!! is it like being at work watching the indices all fall off a cliff while Britain sleeps Gen?

    Worryingly reminiscent of 2008.

    Gilt yields are up 6bps (0.06%). One of the analysts just said, "The bloody Poms have just shot the world in the foot".

    The pound is getting massacred. The BoE will have to step in.
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    To me it feels like when we went through ERM problems, only worse.

    Oh well, we'll certainly have a lot of debating the economy to do over the coming months.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    vivatifosi wrote: »
    To me it feels like when we went through ERM problems, only worse.

    Oh well, we'll certainly have a lot of debating the economy to do over the coming months.

    This is completely different to 1992. Exiting the ERM was ending a silly strategy. This is the markets making a judgement on the risk of holding UK assets.
  • Jon_B_2
    Jon_B_2 Posts: 832 Forumite
    500 Posts
    I'm no economist, but is an interest rate rise from the BOE out of the question to stabilise the pound?
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    I meant in the sense that we were the ones taking the risk and being judged on it, as opposed to 2008 when we as the world were in it together.

    Surprised how little we've dropped against the euro. I guess that's tanking too relative to the dollar.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Jon_B wrote: »
    I'm no economist, but is an interest rate rise from the BOE out of the question to stabilise the pound?

    Far from it. I would imagine something like a fall of 20% could lead to a rate rise.
  • Jon_B_2
    Jon_B_2 Posts: 832 Forumite
    500 Posts
    vivatifosi wrote: »
    I meant in the sense that we were the ones taking the risk and being judged on it, as opposed to 2008 when we as the world were in it together.

    Surprised how little we've dropped against the euro. I guess that's tanking too relative to the dollar.
    I'd suggest the Euro and the EU are toast.
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