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In reply to the discussion: I can't help but think all of the angst over the UK/EU referendum is a bit overblown [View all]greatauntoftriplets
(175,734 posts)21. It was a victory for the right wing, which backed it.
Both Trump and Putin are strong supporters of Brexit.
The pound is crashing on U.K. vote for Brexit
by Ivana Kottasova @ivanakottasova
The British pound crashed to its lowest levels in 31 years as the country voted to leave the European Union in a historic referendum.
The pound dropped below $1.35 for the first time since 1985. The currency fell as much as 11% and was on course for its biggest one-day fall ever. It was down against all major world currencies.
The U.K. is first country to vote to leave the European Union. Prime Minister David Cameron resigned Friday, saying he would hand over to a new leader in about three months.
Stocks markets around the world are also falling sharply after the campaign to leave the EU won Thursday's referendum.
"It is vile and ugly out there, the British pound is facing its worst day ever," said Naeem Aslam, chief market analyst at ThinkForex.
by Ivana Kottasova @ivanakottasova
The British pound crashed to its lowest levels in 31 years as the country voted to leave the European Union in a historic referendum.
The pound dropped below $1.35 for the first time since 1985. The currency fell as much as 11% and was on course for its biggest one-day fall ever. It was down against all major world currencies.
The U.K. is first country to vote to leave the European Union. Prime Minister David Cameron resigned Friday, saying he would hand over to a new leader in about three months.
Stocks markets around the world are also falling sharply after the campaign to leave the EU won Thursday's referendum.
"It is vile and ugly out there, the British pound is facing its worst day ever," said Naeem Aslam, chief market analyst at ThinkForex.
http://money.cnn.com/2016/06/24/investing/pound-crash-eu-referendum/index.html?iid=hp-toplead-dom
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I can't help but think all of the angst over the UK/EU referendum is a bit overblown [View all]
Nuclear Unicorn
Jun 2016
OP
One would think that after all this time economists would have gotten something right, huh?
cherokeeprogressive
Jun 2016
#24
ofcourse problems get more complex. we live in a complex where everyday we add more and more
La Lioness Priyanka
Jun 2016
#34
Just cos he refutes sanders arguments doesn't make him wrong or thin skinned
La Lioness Priyanka
Jun 2016
#33
It signals a recreation of a nationalistic Europe and all the problems that led to WWII rising again
libtodeath
Jun 2016
#4
The basic outcome is that Britons will be poorer, which is going to be pretty bad for the world
Recursion
Jun 2016
#8
Why would they be poorer? Are the people who consume British goods and services suddenly
Nuclear Unicorn
Jun 2016
#9
Consumer demand on either side hasn't changed. Is the EU going to impose an embargo?
Nuclear Unicorn
Jun 2016
#14
There is nothing so unique to British goods that cannot be replicated in the rest of Europe
La Lioness Priyanka
Jun 2016
#16
Why would that happen? Those making these predictions are speaking for a very diverse
Nuclear Unicorn
Jun 2016
#17
There was an OP last night about how the Brits should be made to suffer for their impertinence.
cherokeeprogressive
Jun 2016
#25
Forget trade for a moment, what about the subsidies the U.K. received from the EU?
Humanist_Activist
Jun 2016
#29
It won't stay that way. People act as if this is the final round and we have to compare scores.
Nuclear Unicorn
Jun 2016
#18
If Brexit stands, I think it will be a long time before Britain recovers, if it ever does.
randome
Jun 2016
#19
The EU is little more than a giant currency manipulation scheme. It's nothing
Nuclear Unicorn
Jun 2016
#22