Brexit

[FMT600]

Originally Posted by BWEF

Gibraltar's vote is in:

https://twitter.com/BBCReferendum?re...Ctwgr%5Eauthor

19, 322 to stay in Europe
823 to leave
84% turnout

Oh dear, how sad, never mind!

Oh dear, how sad, never mind, shame your Gibraltar stayers are in the minority.

Out we go for better or for worse,

Time now to unite and work for the future for a better Britain.

FMT600

[BWEF]

Originally Posted by Hoot

You really are one sad individual.

I certainly am.

Have you seen what happened to the markets over night? The pound fell over 10% and at one stage hit a 30 year low.

"Currency traders say these moves are more extreme than those seen during the financial crisis of 2008."

"Never seen anything like it. These are once-in-a-lifetime moves, bigger than Lehmans and Black Wednesday," said Joe Rundle, head of trading at ETX Capital."

"We're waiting for the big money to crank into action over the coming days and even weeks, which will likely exert further downward pressure on sterling."

"The Bank of England said it was "monitoring developments closely" and would take "all necessary steps" to support monetary stability."

http://www.bbc.co.uk/news/business-36611512

[Charlie 585]

Originally Posted by BWEF

I certainly am.

Have you seen what happened to the markets over night? The pound fell over 10% and at one stage hit a 30 year low.

"Currency traders say these moves are more extreme than those seen during the financial crisis of 2008."

"Never seen anything like it. These are once-in-a-lifetime moves, bigger than Lehmans and Black Wednesday," said Joe Rundle, head of trading at ETX Capital."

"We're waiting for the big money to crank into action over the coming days and even weeks, which will likely exert further downward pressure on sterling."

"The Bank of England said it was "monitoring developments closely" and would take "all necessary steps" to support monetary stability."

http://www.bbc.co.uk/news/business-36611512

It took us 40 years to get into this mess and it may take a good while for us to recover from it but knee jerk reactions aside we are now potentially free to rise to the challenge and a worthy challenge it is. Every cloud has silver lining and week pound may in the short term serve to stimulate the economy with regard to exports and the much needed growth that this may bring but only if we can get the right person/people into position to fight our corner.

Between typing the paragraph above and the start of this one the Prime Minister has made his speech in response to the result of the vote and I for one cannot fault a word that he said, true democracy at its best and as it should be which today makes me once again proud to be British.

I look to the future with renewed hope with the words of Jan Morris prominent in my mind:

“The homely British consummated the long and bitter duty by which, at the end of their epic insular history, they saved Europe by their example.”

Let us hope that those words are proven to be apt once more.

Now of course we'll be subject to a prolonged assault of the ears courtesy of Wee Crankie but you can't win 'em all

[Paul Spellman]

Sterling had risen to an artificial high up until yesterday, yes it hit a low but has stabilised, I don't think anyone was naive enough to think something like this would not happen. The market downturn has also stabilised, what has happened is a sign that traders/investors have had a panic and some trying to make a quick buck.
The problem we have now is all the doom-mongers who have not accepted the result and are being given airtime to scare not only the UK public but also the markets.
I will add that we should take our time to invoke article 50 as I firmly believe we will not be the only nation to leave the EU and as for Scotland calling for another independence referendum so they can negotiate their way back in the EU, they should stand fast as there may not be one for them to join.
Paul

Originally Posted by BWEF

I certainly am.

Have you seen what happened to the markets over night? The pound fell over 10% and at one stage hit a 30 year low.

"Currency traders say these moves are more extreme than those seen during the financial crisis of 2008."

"Never seen anything like it. These are once-in-a-lifetime moves, bigger than Lehmans and Black Wednesday," said Joe Rundle, head of trading at ETX Capital."

"We're waiting for the big money to crank into action over the coming days and even weeks, which will likely exert further downward pressure on sterling."

"The Bank of England said it was "monitoring developments closely" and would take "all necessary steps" to support monetary stability."

http://www.bbc.co.uk/news/business-36611512

[JerryBB]

The people voted and giants walk the streets.

Britain can go its own way now, make its own trade deals and laws.

Interests rates will rise which is good for savers, the pound is down against the dollar which is good for exports, house prices will fall which is only right as they have been too high for way too long. Europe sells more to us than buys from us so will not risk that by imposing tariffs.

[Paul Spellman]

Mr. Champagne will ease our pain

[Jibba Jabba]

I apologise. I wont be on the forum today...I'll be gloating over social media

Thank goodness. We have been saved.

Gold is going up....+ £104 pounds (per ounce) just this morning alone!

[Charliedog012012]

We have seen on the forum open and honest debate. Each person is entitled to their opinion and though one might disagree it has been nice to see that opinions have been expressed in order to feed the debate rather than to castigate or wind someone up - personal opinions on the whole have been treated with courtesy. (And sometimes with tongue in cheek). It has been interesting and at times intense.
Today I feel that a weight has been lifted from my shoulders and I am proud to be British. We have seen real democracy at work and more importantly the privilege of free speech! Many people in the world can never state openly what they feel......and yes we have seen humility and respect for the democratic process from David Cameron.

[GriffMJ]

Its a great day Democracy prevails.....

This new road will be a bit bumpy for the start of the journey I am sure..... but it will get better....

I thought Boris's speech this morning was perfect..... if he is to take up the reigns in the short term, then thats fine by me. Gove can Foxtrot Oscar.

[REMEVMBEA1]

The currency markets are really a high priced betting shop and all the fluctuations are simply investors/gamblers trying to figure out which way things will go. Anyone who didn't expect this was very naive . I have faith in the British people being able to ride this and would expect things to even out once the panic is over. The Governor of the Bank of England was making quite a positive speech earlier and I'm prepared to think that he may be a little better informed than I am. At the end of the day our country is os much more than an economy.

[GriffMJ]

Originally Posted by REMEVMBEA1

The currency markets are really a high priced betting shop and all the fluctuations are simply investors/gamblers trying to figure out which way things will go. Anyone who didn't expect this was very naive . I have faith in the British people being able to ride this and would expect things to even out once the panic is over. The Governor of the Bank of England was making quite a positive speech earlier and I'm prepared to think that he may be a little better informed than I am. At the end of the day our country is os much more than an economy.

Exactly.... well said.

The next general election will now (or should have) have a massive and "serious" turnout.... its the kick up the arse this country has needed.

[connaught]

The people have spoken(the bastards ) seriously, good luck to the UK for the future and in your dealings with the EU,I hope Ireland can be a calming influence in future negotiations and and a help to the UK.We have a a special relationship and history which has to be maintained at all costs.
Regards,
C.

[dubaiguy]

I too like Connaught wish the UK all the best. As one that hasn't lived in the UK for many years I can perhaps look on the decision dispassionately as it does not effect my day to day life. A great British democratic process at work.

One thing I believe is certain though, is that the decision for better or for worse will undoubtedly add impetus to the process that perhaps began in 1922 with the secession of the Irish Free State from the UK and Ireland (as it was). That process being nationhood and independence - just like that being touted in Brexit. That special relationship between England and Scotland that in 1707 forged the greatest nation on earth (and took Scotland from one of the poorest nations at the start of the 18th century to one of the wealthiest by the end of the 19th century) surely is becoming increasingly divergent (evidenced again by the Scottish vote) and is almost at an end.

I personally am totally convinced that the great people of England and of Scotland in the near future (certainly in the life I have remaining) will not be part of a united United Kingdom but just of their own respective nations.

How that will affect my Scottish badge collection - well who knows. Hopefully they will become as desirable as pre-1922 Irish badges.
Mark

[Mike Jackson]

Originally Posted by Charlie 585

It took us 40 years to get into this mess and it may take a good while for us to recover from it but knee jerk reactions aside we are now potentially free to rise to the challenge and a worthy challenge it is. Every cloud has silver lining and week pound may in the short term serve to stimulate the economy with regard to exports and the much needed growth that this may bring but only if we can get the right person/people into position to fight our corner.

Between typing the paragraph above and the start of this one the Prime Minister has made his speech in response to the result of the vote and I for one cannot fault a word that he said, true democracy at its best and as it should be which today makes me once again proud to be British.

I look to the future with renewed hope with the words of Jan Morris prominent in my mind:

“The homely British consummated the long and bitter duty by which, at the end of their epic insular history, they saved Europe by their example.”

Let us hope that those words are proven to be apt once more.

Now of course we'll be subject to a prolonged assault of the ears courtesy of Wee Crankie but you can't win 'em all

This outstanding quotation in full:

“The face I remember best from the pictures of the surrender is the face of Montgomery’s chief intelligence officer, and he was not at all a victorious looking figure in his spectacles and unbecoming khaki beret, looking less like a soldier than a university don - which, as it happens, he was. Tiemeloberg is not a very glorious kind of place. It is no Waterloo or Blenheim and no grand obelisk remembers what happened there. The soldiers assembled on that day were hardly a heroic army, the crumpled troopers only anxious to get home, the plain teetotal field marshal in his rough battledress. None of them much wanted to be on Luneberg Heath: but there, all the same, the homely British consummated the long and bitter duty by which, at the end of their epic insular history, they saved Europe by their example.”

[GriffMJ]

Hey guess what .... the sky didnt fall on our heads :-

"A Prime Minister resigned. The £ plummeted. The FTSE 100 lost significant ground. But then the £ rallied past February levels, and the FTSE closed on a weekly high: 2.4% up on last Friday, its best performance in 4 months. President Obama decided we wouldn't be at the 'back of the queue' after all and that our 'special relationship' was still strong. The French President confirmed the Le Touquet agreement would stay in place. The President of the European Commission stated Brexit negations would be 'orderly' and stressed the UK would continue to be a 'close partner' of the EU. A big bank denied reports it would shift 2,000 staff overseas. The CBI, vehemently anti-Brexit during the referendum campaign, stated British business was resilient and would adapt. Several countries outside the EU stated they wished to begin bi-lateral trade talks with the UK immediately. If this was the predicted apocalypse, well, it was a very British one. It was all over by teatime. Not a bad first day of freedom."

Did anyone see Digby Jones, on the BBC, this morning.... what a top bloke.