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UK vote to leave the EU ['BREXIT'] - 23rd June

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Re: UK vote to leave the EU ['BREXIT'] - 23rd June

Post by JR8 » Fri, 24 Jun 2016 2:12 pm

p.s. the last time the UK voted on the EU [then EEC] in the 70s it was to join a plain-vanilla trade block of 9 countries.
This was the first time they got to vote on what the EU has become, an undemocratic superstate.
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Re: UK vote to leave the EU ['BREXIT'] - 23rd June

Post by x9200 » Fri, 24 Jun 2016 2:27 pm

JR8 wrote:This will turbo-charge the Leave vote in several other EU countries; so the question becomes 'who is next?'
NL

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Re: UK vote to leave the EU ['BREXIT'] - 23rd June

Post by Mexikaner » Fri, 24 Jun 2016 2:29 pm

..."every country has the government it deserves"

so what now?
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Re: UK vote to leave the EU ['BREXIT'] - 23rd June

Post by JR8 » Fri, 24 Jun 2016 2:36 pm

Mexikaner wrote:..."every country has the government it deserves"
so what now?
Maybe that's the problem, no one gets to vote for the 'EU government'. This is the disconnect that is now starkly revealed.

What's next is you'll have the media writing 'Who's next?' articles, likely starting today.
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Re: UK vote to leave the EU ['BREXIT'] - 23rd June

Post by Brah » Fri, 24 Jun 2016 2:48 pm

JR8 wrote:The lion has roared. It reveals the vast disconnect between the people and the people who supposedly represent them.
Not to derail this thread but perhaps shades of things to come for the US, an equally divided country.
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Re: UK vote to leave the EU ['BREXIT'] - 23rd June

Post by JR8 » Fri, 24 Jun 2016 3:00 pm

The FTSE is just opening, approx -8.5%, but the German DAX index is -10%... lol, shows you who this vote hurts the most.
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Re: UK vote to leave the EU ['BREXIT'] - 23rd June

Post by Wd40 » Fri, 24 Jun 2016 3:15 pm

This is with the pound 10% down. Gold in GBP is up 15%! Soros was buying Gold. I bet he has made a fortune again

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Re: UK vote to leave the EU ['BREXIT'] - 23rd June

Post by Barnsley » Fri, 24 Jun 2016 3:34 pm

Cameron on his bike in October!!

General Election??

A single policy issue , it would be a right laugh ](*,) ](*,) ](*,) :-k :-k :-k :-k
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Re: UK vote to leave the EU ['BREXIT'] - 23rd June

Post by Barnsley » Fri, 24 Jun 2016 3:35 pm

Brah wrote:
JR8 wrote:The lion has roared. It reveals the vast disconnect between the people and the people who supposedly represent them.
Not to derail this thread but perhaps shades of things to come for the US, an equally divided country.
Two Candidates that the majority of the country dont want.

Thats going to be a right laugh also :shock: :shock: :shock: :o :o :o

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Re: UK vote to leave the EU ['BREXIT'] - 23rd June

Post by JR8 » Fri, 24 Jun 2016 3:38 pm

FTSE -6.7% DAX -7.7% :lol:
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Re: UK vote to leave the EU ['BREXIT'] - 23rd June

Post by nanana » Fri, 24 Jun 2016 4:15 pm

My question is somewhat relevant I suppose... I have some US dollar that I want to change to SGD....with the exit of Britain from the EU...I guess worldwide currency will be somehow affected?... Should I change the dollar now or wait for few more days?

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Re: UK vote to leave the EU ['BREXIT'] - 23rd June

Post by PNGMK » Fri, 24 Jun 2016 4:17 pm

I woke up and felt sick when I saw the news. The long distant sound of war drums in Europe is slowly become audible again.
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Re: UK vote to leave the EU ['BREXIT'] - 23rd June

Post by PNGMK » Fri, 24 Jun 2016 4:18 pm

nanana wrote:My question is somewhat relevant I suppose... I have some US dollar that I want to change to SGD....with the exit of Britain from the EU...I guess worldwide currency will be somehow affected?... Should I change the dollar now or wait for few more days?
'Safe harbour' currencies are going up... Yen/USD and Gold.
I not lawyer/teacher/CPA.
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Re: UK vote to leave the EU ['BREXIT'] - 23rd June

Post by JR8 » Fri, 24 Jun 2016 5:11 pm

nanana wrote:My question is somewhat relevant I suppose... I have some US dollar that I want to change to SGD....with the exit of Britain from the EU...I guess worldwide currency will be somehow affected?... Should I change the dollar now or wait for few more days?
That rate was circa 1.343 at midnight (London) last night, and 1.3550 as I write. 0.9% of a move, so probably nothing to get concerned about.

You might conclude that both currencies have a safe-haven aspect to them [vs the Euro/£/EU].
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Re: UK vote to leave the EU ['BREXIT'] - 23rd June

Post by JR8 » Fri, 24 Jun 2016 5:21 pm

JR8 wrote:The FTSE is just opening, approx -8.5%, but the German DAX index is -10%... lol, shows you who this vote hurts the most.
France, Germany, Spain, Italy, Portugal, Belgium, Austria - all now lower than the FTSE-100. The other 'major' exchange in Europe is Switzerland [non-EU/safe-haven], and that's +0.65%
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