Well back to the matter at hand;
Foreign currency traders who bet on a remain vote are panicking and the £ fell. Not unexpected and those currency traders who had a better idea of what was happening will be making a fortune, I think the market made up 30% of the loss by the time NY started trading. I expect that volatility to continue through the weekend but should sort itself out next week.
The bigger problem will be the fate of the Euro, The Leave vote ultimately has to be Merkel's responsibility, as is the state of European finances more generally though I don't expect her to acknowledge her role in this any more than that of Greece, Italy, Spain, Portugal or Ireland.
Frankly if the EU is to survive Merkel has to fall.
For us in Britain we have to start engaging with the world again.
Hopefully this means UKIP and Farage shuffle into the shadows for lack of an actual reason for existence.
Foreign currency traders who bet on a remain vote are panicking and the £ fell. Not unexpected and those currency traders who had a better idea of what was happening will be making a fortune, I think the market made up 30% of the loss by the time NY started trading. I expect that volatility to continue through the weekend but should sort itself out next week.
The bigger problem will be the fate of the Euro, The Leave vote ultimately has to be Merkel's responsibility, as is the state of European finances more generally though I don't expect her to acknowledge her role in this any more than that of Greece, Italy, Spain, Portugal or Ireland.
Frankly if the EU is to survive Merkel has to fall.
For us in Britain we have to start engaging with the world again.
Hopefully this means UKIP and Farage shuffle into the shadows for lack of an actual reason for existence.
Quote:I don't understand why you'd come to a discussion forum, and then proceed to reap from visibility any voice that disagrees with you. If you're going to do that, why not just sit in front of a mirror and pat yourself on the back continuously?-Esquilax
Evolution - Adapt or be eaten.
