>british banking stocks dropped 20+%
>GBP lost 9% of its value versus the USD
>several british corporations are moving their headquarters from london to Dublin or mainland europe
>prime minister resigns, the only alternatives are trump-tier meme candidates
>scotland in a position to gain their independence
>gibraltar vulnerable to spanish annexation
>ireland in a position to unite their landmass
Well at least you can have greater control over immigration, right?
>>61236936
>several british corporations are moving their headquarters from london to Dublin or mainland europe
>gibraltar vulnerable to spanish annexation
>ireland in a position to unite their landmass
Nah
In a few days they'll decide it needs to be run again for spurious reasons.
>>61236936
>Well at least you can have greater control over immigration, right?
All they can do is keep out white Christians, which is the best part. Absolutely cucked. I don't know what they were thinking.
GBP still higher value than the yuro and dollar
And stabilising
A great victory for Britain, democracy, and the world.
God save the queen
>No MP has balls to invoke 50
>Brits get thrown out
lol
FTSE 100 finished higher today than it did on Monday.
Pound is slowly crawling back. European markets and the Euro are the things to watch.
For fuck's sake you stupid fucking cunts, Ireland is not going to unite.
The vote was only 56-44, not a landslide, and we are still very much unstable. As much as I want a united Ireland, it's not feasible.
>>61237056
>>61237100
it's not stabilising. it's still falling.
this is shit.
you care about bankers and the 0.1% now
lmfao
scratch a 'progressive' reveal a neo-con
>http://www.politico.eu/article/post-brexit-ukip-wants-tariff-free-access-to-eu-single-market/
I cant see this happening
>>61237100
>>61237106
Probably falls more over the course of next week
The only thing the market does not like is uncertainty. I think everyone agrees things are pretty fucking uncertain right now, but as the dust settles and this new world becomes a reality everything will recover.
People just like to freak out.
>>61236936
You're next, y'know.
>>61236936
>Gibraltar vulnerable to spanish annexation
Srsly, stop with this meme
As for the 9% loss in the GBP, is that true? I mean, wow
![576cfb1c2200002e00f82c23[1].png](https://i.imgur.com/e2WBpjv.jpg "576cfb1c2200002e00f82c23[1].png")
>>61237106
>The vote was only 56-44, not a landslide
Yet in both London and Ireland, all elective districts voted Remain. The Northern Irish and Scots, both Europhile, could easily push the narrative that it's England forcing them to leave against their will, and that narrative wouldn't entirely be inaccurate.
Sinn Fein has already expressed plans for a Northern Ireland referendum.
http://www.independent.co.uk/news/uk/politics/brexit-northern-ireland-eu-referendum-result-latest-live-border-poll-united-martin-mcguinness-a7099276.html
Scotland's prime minister has already explicitly stated that Scotland's future is with the EU.
http://www.independent.co.uk/news/uk/politics/brexit-scotland-referendum-eu-referendum-result-nicola-sturgeon-latest-what-it-means-a7099286.html
I'm not saying it will happen, I'm just saying that the unusual voting patterns in Brexit have flared up old grievances.
>>61237390
>Yet in both London and Ireland
Freudian slip? Scotland and Ireland, I meant. Though London too was overwhelmingly in favor of staying.
>>61237226
UK now wants the same full perks of free EU access that it used to have. Basically being a freeloader. EU might have a few words about that.
>>61237448
City of London when.
London declares itself independent and stays in EU to save its financial market.
>>61236936
why are pro remainers shilling for the banks so hard?
And the currency value is based on speculation, it will go up when the dust settles
>>61237373
Why are spaniards a bunch of self hating faggots? Have some confidence in your country for once... but not in the same way Britain does lel
>>61237390
Sinn Féin calls for a referendum all the time even though it's clear they can't win it. It's par for the course. I really doubt they actually want one right now, things need to go FUBAR first. Then again maybe their tactic is to fearmonger people into it before seeing what happens.
>>61236936
It's been literally less than a day. They will stabilize, just give it some time.
David Cameron, the Man who did what 800 years 2 world wars and Economic Disaster couldn't, he finally ended the Empire.
>>61237605
this
sinn fein are retarded and call for referendums all the time
>>61237594
Don't get me wrong, man. I really like my country... but I wouldn't force nobody to live in this unemployment hell when they can live in UK territory, with higher salaries and benefits and whatnot
>>61237605
True that, we'll have to wait out how it plays out over the following days. But it's clear that both Northern Ireland and Scotland are displeased with the results.
>>61237474
>Basically being a freeloader.
Kek, if they wanted that they wouldn't be freeloaders. The Brexit camp tried to suppress fears by pointing out Britain could probably get a Switzerland-esque or Norway-esque deal. They're probably right (unless the EU is really resentful, Juncker already said that "deserters" won't get anything from the EU), but that's not a good deal. They will have slightly less obligations than when they'd remain in the EU, but they'd still have to contribute to the EU's budget and still have to obey most of its guidelines. The big difference is that in such a deal, they wouldn't be able to vote on those guidelines. They'd obey without being represented. Switzerland and Norway have horrible deals which they only accept because of the trade benefits.
>This kills the uk .jpg
>>61237056
That pic scares me.
Why are brits so spooky? :^)
still a good day
>>61236936
I doubt it. They'll still want easy access to skilled european workers.
>>61236997
The corporation part is very much a reality
>>61240228
I work in finance and can confirm. Banks and other financial companies are rushing to see what can be done. Probably thousands or tens of thousands of jobs lost in London unless they can do something and fast.
>>61237819
Lots of people seem to think the UK just has to say hurr we do free trade like CH and NO. It doesn't quite work that way.
>>61236936
And it has only just begun. Let the 500 years of humiliation begin.
>>61237608
Stabilizing doesn't mean it'll ever be as powerful as it was. Sure it won't keep falling forever but it won't go up either.
>>61237594
Because they would get btfo by the Brits if they tried any funny business with the Rock. The Argentinians tried it and got their shit pushed in, Spain is not going to do anything except make loud noises. The only way that would work is if the rock monkeys hold a ref themselves and vote to join with Spain, not very likely considering the Spanish economy at the moment.
Dust will settle. Now this senseless agitation scares people of. Nobody cared before and then it happened. Shit will stabilize and cool headed negotiations will begin.
KEEP CALM AND CARRY ON BONGZ
>>61237608
Yeah, it'll stabilize to its value from decades ago.
>>61240402
Invest in Dublin
>scotland in a position to gain their independence
Likely not going to happen, not to mention they all wanted to remain in the EU.
>gibraltar vulnerable to spanish annexation
>ireland in a position to unite their landmass
unlikely
>>61241117
I guarantee you it reaches its pre-referendum value within 3 months time.
Screenshot this post
>>61241061
This. Everything calms down in the end.
If we play our cards right we could become a new haven for corporations.
Don't panic britbongs, we still sell you weed when you visit us with your visas.
>>61237056
>And stabilizing
Only because Central bank literally injected FTSE with 250 billion pounds.
In the next week shit will come down
>>61241165
Financial companies are now looking at Dublin, Paris, Frankfurt, Amsterdam as alternatives.
>>61241045
Argies got their shit pushed in due to US support
>>61236936
What's got you so onery? Because you made this post for personal reasons obviously.
>>61241263
>If we play our cards right
You won't.
>>61241263
except that inside the EU you had a garanteed access to the largest market in the world. Now when making a new agreement with the EU, you will have 20something countries that have something to say during the renegotiations before letting the UK access the free market again
>>61241395
Just wait.
>>61241341
Isn't Frankfurt currently leading?
>>61241592
dude you've even lost your leadership with big Dave pussying out
>>61241656
Yes. I didn't list them in order of attractiveness.
>>61236936
We are absolute madmen
>>61241383
kek
>>61237594
I love how americans think the real world is some kind of Europa Universalis game, where to solve your problems you can just invade and annex random territories
>>61236936
How destroy Brexit our holiday shoppings in Bookdepository ?
>>61237334
Is that picture shooped?
>>61241341
The IDA is very good at attracting investors, hopefully the Govenment will spend some serious cash attracting them.
>>61241263
this.
or the rest of the EU now collapses are our only hopes
>>61237390
>Sinn Fein has already expressed plans for a Northern Ireland referendum.
Shocker
>Scotland's prime minister
They don't have one, it's called first minister. That article you linked should say.
>>61241579
>except that inside the EU you had a garanteed access to the largest market in the world.
is eu really "largest market in the world"? They are bunch of childfreee old hags and muslims dont like consumerism
The UK will most likely be fine
>>61236936
>ireland in a position to unite their landmass
Will never happen, Scotlands a possibility but NI will stay UK.
>>61242370
They're going to tolerate resumption of border controls and loss of all that EU investment just like that?
Can't wait to see the Irish finally kick out the British invaders.
>>61242895
>Doesn't know anything about British Isles or Irelands history, but
>"muh up the RA!"
>>61237474
the few words they have are "yes mistress, we will do what you say, do not leave us"
https://twitter.com/SkyNewsBreak/status/746374341286371328
Today has shown me the danger of populism.
>>61242895
>thinks they're normal catholics
>>61243666
are you now a cruz missile?
>>61242251
That was only achieved trough 250 billion injection by central bank
Make no mistake,theyre fucked
>>61237056
the crash is one of the biggest movements ever in the pound history. the relativity you are mentioning has nothing to do with market prices.
the prices of all import stuff are 100% gonna raise, and it'll make you feel like shit and a poor guy. this is what japan has, or had because yen now, been facing and going through.
and this is just the 1st wave for you. you have to get ready for the coming shitter waves.
>>61236936
None of it will happen, but UKIP will lose next elections due to panic
>>61245190
Either 2 things will happen:
1. The gutless tories will go through with leaving the EU leaving the memer Boris as the PM, effectively destroying the economy and making Britain the sick man of Europe once again. Labour will gain a solid majority in parliament and try to rebuild
2. The tories will grow a pair and do the smart thing, though disobeying the supposed will of the people giving Labour an advantage. Crisis averted, but the far left will be in charge
>>61241383
You guys supported Argentina since you were invested in keeping the military junta (that had come in via CIA led coup) in power.
It was Chile that helped the UK and actually made won the war for the Brits.
>>61240228
When it eventually comes to this, remember not to send England any potatoes.
>>61236936
leftie tears are truly pleasurable and delicious, especially when I thought the leave side was going to loose.
>>61246237
>Ireland
>Having any spare potatoes to send off
>>61236936
http://www.bbc.com/news/world-africa-36618843
>Others say that, in order to boost trade relations with several African countries, the UK could make immigration for Commonwealth citizens slightly easier.
SAY IT LOUD
SAY IT CLEAR
PAJEET IS WELCOME HERE
>61236936
>british banking stocks dropped 20+%
temporary, other stocks getting fucked too
>GBP lost 9% of its value versus the USD
temporary, the € is getting fucked too
>several british corporations are moving their headquarters from london to Dublin or mainland europe
Name one
>prime minister resigns, the only alternatives are trump-tier meme candidates
Good
>scotland in a position to gain their independence
not going to happen
>gibraltar vulnerable to spanish annexation
also not going to happen
>ireland in a position to unite their landmass
no way lol
![[002286].jpg](https://i.imgur.com/ZXYcFeK.jpg "[002286].jpg")
>>61246325
>vote leave because you don't want immigrants
>forced to increase immigration to deal with the results
Pottery
United Kingdom of England and Wales minus London
congratulations britards
you played yourselves
>>61246325
To be honest, our textile industry would surely welcome better trade relationships with subsaharans too.
>>61246325
>complains about immigration from EU
>doesn't complain about the immigration from the Commonwealth Countries
British logic.
I am ashamed to be British, I wish I had been born in based Spain.
Sorry for my English, I'm Welsh.
>>61246469
>this damage control
lol
>>61244945
>That was only achieved trough 250 billion injection by central bank
Jesus christ source nao!
>>61246737
if by damage control you mean pointing out wrong information, yes
>>61246325
common wealth > europe
>>61246856
t. Mbasa K'baba
>>61237034
Completely cucked.
>>61246742
http://www.independent.co.uk/news/business/news/oil-price-sterling-stocks-and-gold-b-a7100711.html
>ctrl f 250
>>61246940
no but i wish i was from common wealth
pajeet is better than me
Why is my facebook filled with foreigners mad at us for voting this way? If they don't like it they can go back home.
>>61247055
silly anglos
>>61247055
that means they have the potential to slowly add £250bn if needed, not that they've just dumped £250bn into the economy this afternoon you silly finnish goose
>>61247282
Well there was a french news which claimed that. Only english source was that
>>61237056
>GBP still higher value than the yuro and dollar
The GBP is more valuable than the euro in the same way that the euro is more valuable that yen. It has nothing to do with the strength of the currency.
>>61247202
Soon they will go home whether they want to or not :^)
>>61236936
Stop parroting your butthurt, hysterical media.
>>british banking stocks dropped 20+%
Other European banks too. Société Générale is down 20.5%, UniCredit is down 23.8%, etc. They will recover.
>GBP lost 9% of its value versus the USD
It will recover at some point, meanwhile it will boost British exports.
>several british corporations are moving their headquarters from london to Dublin or mainland europe
Nah.
>prime minister resigns, the only alternatives are trump-tier meme candidates
No one's irreplaceable.
>scotland in a position to gain their independence
Won't be tomorrow. They pussied out when they were asked, now they'll have to wait a long, long time.
>gibraltar vulnerable to spanish annexation
Never in your lifetime.
>ireland in a position to unite their landmass
Nah.
>>61247494
>British exports
>>61236936
Of course the big banking kikes are going to try and scare anyone else from leaving.
They will recover, and be better off.
/int/ - Disinformation
>>61248174
literally all forms of media, both traditional and alternative (including 4chan) are infested with disinformation right now
>greentext
meanwhile options
also it's 7.5% on the spot price, not 9%
I mean fuck, september contracts are showing 13% implied volatility right now, it's the most MASSIVE EVER non-happening of all time
>>61237594
>but not in the same way Britain does
Why not, Ethan?
>>61247494
>I'm uninformed: the post
>>61246325
Yeah there was no way they could have seen this coming
>>61247494
>No one's irreplaceable
lel, nice Stalin quote, Pepe.
Say hello to the new Singapore. :^)
>>61236936
Time to start planning a trip to London.
Beautiful city.
>>61247494
>Other European banks too. Société Générale is down 20.5%, UniCredit is down 23.8%, etc. They will recover.
Yep probably
>It will recover at some point, meanwhile it will boost British exports.
Britain has legitimately no real exports, Thatcher killed the industry making the UK a middleman economy, sure they create a lot of stuff that they export but they rely almost entirely on imports. So they dun gufd.
>several british corporations are moving their headquarters from london to Dublin or mainland europe
This is going to happen and The Cuty is fucking finished.
>Won't be tomorrow. They pussied out when they were asked, now they'll have to wait a long, long time.
They pussied out because they were enticed by remaining on the EU now that is gonne
>Gibraltar vulnerable to spanish annexation
Not annexetion but Spain is gonna try to fuck them over as much as they can being that Gibraltar is a corrupt hell hole because of disputed waters.
>>61241117
Even that wouldn't necessarily be problematic. Is Switzerland finished and bankrupt?
>>61247401
Most French news are pure bullshit.
>>61241341
>no italy
>>61251884
>Italy
>being relevant
>>61236936
>stocks and currency drop temporarily until new trade deals are established
>short sighted teenagers panic
>"several corporations" panic and pay billions in taxes and currency conversion loss to move their money out of the country, then pay billions in taxes to continue doing business with the UK from out of the country (???)
>pm sticks around until october and then bows out to be replaced by someone who will hopefully better represent the UK
>Scotland still won't want independence, they don't make anything to export
>Spain talks some shit, forgets who still holds the economic and political power in the situation
>Ireland researches automating borders between the North and South
>Refugees lose the ability to walk into the UK unchecked and bomb a soccer match
"oh lawd the world is ending, the Brits are ruling themselves again they haven't been doing it successfully for over 1000 years help help help"
Meanwhile, Trump is in the UK investing heavily in the British Pound in order to better profit upon the return of it's value
>>61251421
British heavy industry was dead in the 50s. Labor unions held the country by the balls and destroyed three prime minister's one of which went to an asylum. All Thatcher did was pull the plug and save the u.k
>>61247401
>French news
>>61246469
>mfw the bank of england injected 250 billions into the london stock exchange and the pound is still 9% down
I hope they have quite a few of those 250 billion stashes cause you're gonna need them
>>61241579
>implying that EU won't suck it up and take a deal
You do know that the UK has a significant trade deficit with the EU right? I can't see the EU being so asspained that they'll kick Germany and France in the teeth (the EU's biggest backers), just to try and get at the UK.
Keep struggling britbongs
>>61252717
That still makes it true though.
>>61252960
They made £250 billion available if it's necessary, they didn't pump it in like you're implying
brexit is the best thing the English could ever do for Scottish nationalist. This is huge. Scotland will be free again Scotland will be great again
>>61253823
>in the EU
>free
wew lad
Markets will stabilize, new trade agreements and federations will arise, the EU will continue its slow march towards disaster
this is a short term pain for a long term gain, never underestimate British perfidity, learn from it and follow suit
At the end of the day, would you want your savings in £ or Euros?
Would you want your investments in Great Britain or the Eurozone?
>>61253273
You make it sound like Thatcher was some evil hag that hatred the poor workers
>>61254714
pretty much
>>61254488
Eurozone. Silly question. Your companies are gonna pay the price of the brexit even the worst ukip supporter cannot deny that
>>61246303
hahahaha you're so fucked
>>61236936
Ia Argentina going to take back their islands?
>>61254795
That's false though
>>61254897
No they won't London is the financial capital of the world. It'll be foolish to abandon it
>>61254897
Why the Eurozone?
>>61241828
>I love how americans think the real world is some kind of Europa Universalis game
>not Vicky 2
Absolutely plebeian taste, friend
>>61241383
rofl
>>61255005
They made themselves less desirable to invest in because they will lose access to the single market, they artificially added taxes to all the imports from British companies factories in EU which are then assembled in a final product in the UK. This will raise their prices and make them less competitive. Of course London will still be important but you can expect other financial places in EU to gain from this. Signing new trade agreement will take time and incertainty plays against them.
>>61250797
I could honestly even see that happening had Londoners voted for remain with 85%+. But since its only between 60-70% the people who ask for an independent London are pants on head retarded.
>>61255942
I don't think England would let its own capital city declare independence anyway.
>>61256180
>I don't think England would let
Yeah, because that up to England. Thats not really how this form of independence works, since youre not actually independent. Or do you think the Spanish want Catalonia to leave?
>>61256266
If we get to a stage where people are pushing for London's independence, chances are that Scotland and Northern Ireland are already gone. We'd be on the edge of electing an English Hitler at this point. No one would allow London to just leave. England has been a country for over 1000 years, it's not going to break up now.
>>61256601
>If we get to a stage where people are pushing for London's independence
I already said that this wont happen. London didnt vote that much differently than the rest of the country. Certain areas wanted to leave, others had remain win with 55%.
I simply said HAD the votes be one sided, e.g. 85%+ vote for remain, then I could see something happening. But that didnt happen, not even remotely.
>>61256715
I don't think it would happen at all, but fair enough anyway.
>>61253675
>They made £250 billion available if it's necessary, they didn't pump it in like you're implying
At least the Russians had a giant pile of oil money saved up when they made this boast.
>>61257055
Who needs oil when you've got a printer?
>>61257136
Let me guess, you voted leave?
>>61246359
hehe
>>61247202
Tariq from down the road is already a UK national
you cannot escape
>>61236936
Canadian dollar sheds a cent and bond yields plunge the most on record in Brexit fallout
Ex-US envoy in Russia calls Putin winner following Brexit referendum
Mexico announces US$1.68b budget cut after Brexit
Indonesia believes Brexit will not affect bilateral relations
India Well prepared to deal with Brexit: Finance minister Arun Jaitley
Tehran assesses Brexit as historic opportunity for Iran
Turkish deputy PM says Brexit has ‘opened Pandora’s box’
After Brexit vote, Israeli prof warns: ‘When the EU is sick, Israel will suffer’
UAE economy can absorb 'Brexit shock'
Bank of England to boost post-Brexit markets with $460 billion
Ireland braces itself for 'definite' downside of Brexit
Brexit: Portugal Minister who worked in UK says Portuguese will be well treated
French in UK: 'Brexit vote is clearly against foreigners'
27 EU leaders determined to keep unity after Brexit, - Tusk
French, Dutch far-right call for EU referendums after Brexit
Brits in Denmark left shocked and concerned by Brexit
Brits in Austria 'numb' after UK opts for Brexit
Swiss moves to stabilize franc after Brexit vote
Renzi calls urgent meeting as Italy's far-right rejoice Brexit
UK’s Brexit Vote Marks ‘Bad Day for Europe’, Bulgarian PM Borisov Says
Romania: PM Ciolos calls to prudent political decisions in election year, use of good economy condition in Brexit context
Brexit could lead to countries 'blackmailing' EU: Polish FM
Poroshenko expects Brexit not to influence extension of EU's anti-Russian sanctions
Norway: Krone and stocks dive on ‘Brexit’
Australians stranded as Commonwealth Bank suspends pound trading after Brexit
NZ Dollar, Swaps Tumble As Brexit Confounds Pollsters
>>61255005
Not for much longer...
http://www.cnbc.com/2016/06/22/brexit-may-spur-an-exodus-from-london-offices-survey-finds.html
http://internacional.elpais.com/internacional/2016/06/23/actualidad/1466658418_204775.html
>>61257393
>After Brexit vote, Israeli prof warns: ‘When the EU is sick, Israel will suffer’
huzzah
>Tehran assesses Brexit as historic opportunity for Iran
fuck
>>61254897
Some companies will suffer, some won't. All EU markets were down today and I don't think we'll have a properly stable picture for the next few weeks as announcements are made.
The problem with our currency at the moment is just because of the actions of traders. I still don't know if the exit poll everyone was reacting to was real or not, but I'm sure it wasn't.
>>61257463
>nbc
die slowly
>>61257529
Sorry I couldn't find english sites, only spanish and german...
>>61257222
Obviously.
>>61236936
>>british banking stocks dropped 20+%
Fuck the british banks. Fuck London with its kikes and shitskin cockroaches. Let it all burn.
Also my money is in HSBC which is best performing.
>>61241579
Except for the part where they restricted UK's trade with the Commonwealth.
>>61236936
>Regular stock market backlash in an already broken economy
>hurr you broke the economy
>http://www.cnbc.com/2016/06/23/high-stakes-for-game-of-thrones-and-the-brexit-vote.html
>>61240777
>Implicitly stating the human species has 500 years
>>61243666
Most people are barely capable of self governance, much less having a say in the governance of others.
Shame it takes so many people so long to wake up to the fact that democracy is usually a tyranny of the ignorant majority, and the common man is as much an enemy as the elite. Though I know little about the EU, so maybe the common man made the net correct choice this time.
What are potato/ northern potato anons opinions on the unification chat that's being going on?
>>61257664
Talk of the Commonwealth forming the dynamic, like-minded, free-trading core of a new British global network for prosperity is, to use the technical term, cobblers. The Commonwealth is many things: a talking shop, a useful place to exchange best practice on everything from education for girls to fighting malaria, an occasionally effective forum for putting pressure on regimes to clean up their governance or face the embarrassment of suspension. But it is also seriously dysfunctional, and dominated by rising powers such as India and South Africa who are routinely on the opposing side of the argument from Britain when it comes to most big issues of trade or foreign policy you care to name.
Look at the voting records of the United Nations Security Council, or the UN's grisly sub-committees on human rights, and compare Britain's votes with (a) votes of other EU members and (b) votes of other Commonwealth members. Whether Eurosceptics like it or not, Britain is far closer to (a) than (b). Many Commonwealth members are far removed from Britain's way of seeing the world, aligning themselves firmly with the "south" in an inchoate "north-south" stand-off. The EU may not have played a blamless role in the decade-long misery that is the latest round of talks at the World Trade Organisation. But in truth, one of the biggest obstacles to a deal for a long time has been India, a Commonwealth giant that is far from a reliable ally on free trade and market-opening.
British are strikingly hostile to the other Commonwealth nations on the list, such as India, South Africa (6% approval apiece) and above all Pakistan (1%), which comes bottom of the table, just above North Korea. It would be depressing if at least some British public support for the "Commonwealth" meant nothing more than liking unthreatening, English-speaking western countries that look rather like us.
https://www.chathamhouse.org/sites/files/chathamhouse/0711ch_yougov_survey.pdf
>>61257664
The EU, through the Lome and Cotonou Agreements, have extended some preferential trade access to developing Commonwealth countries.
I get paid in USD.
Feeling pretty smug right now.
>>61247494
>british exports
>>61241656
it's probably will most likely be a mix of the 3. Different locations will suit different corporations.
>>61236936
The value of the pound is being fairly overhyped right now; it was 0.721 USD to the GBP in February, and few cared.
Now it's floating around 0.731 USD to the GBP and people are acting as if it's the end of the world.
On the bright side, our exports are at a 13 year high due to the lowering value.
>>61257632
HSBC is headquartered in Canary street which is... right in the city.
>>61244945
Money has been put aside.No money has been injected yet.
All things considered it looks like it will recover much better than the rest of the EU
>>61260031
Other EU stock markets are falling more dramatically right now.
UK -3%
Italy and Spain -12%
Germany -6%
France -8%
If other people in Europe are laughing because they think this only effects the UK, they'd best look at how this is effecting their own markets.
>>61246276
Don't you ever get tired of lefties being able to successfully say "I told you so" over and over on stuff like this though?
>>61251421
You make some good points, but Frankfurt, Dublin or even Paris killing the City is not going to happen. There is no competitor in Europe that can become this big in a swift and painless process (only Wall Street could do this). Continental gains should be marginal at best.
It will be more convenient for everyone to pursue the status quo.
>>61249573
Not partaking in media hysteria doesn't mean you're uninformed. The media have their agenda, but the facts aren't that dark.
In the long term, Brexit should have mild consequences (probably positive, but mild) for the British economy. The EU can't play the bad cop with such a major country, and the UK needs free trade overall. So, no real consequences.
At least you won't have to fork over 350 million a week any more. OH WAIT
>>61236936
So how would the logistics for leaving would work? Will the imports of mainland europe be taxed and viceversa? What about visa free travel and mainlanders already residing in the uk?
There are obviously going to be shocks to any system when such a big change occurs. Give it time, things will settle down in a year or two.
>>61241263
The UK already was a haven for corporations, "playing your cards right" just means fixing a clusterfuck of a situation caused solely by the UK in the first place.
>>61237056
>GBP still higher value than the yuro and dollar
It doesn't matter. It's how strong the currency is at any given time and atm sterling is both unstable and weak.
>>61237305
I seriously hope this isn't the level of thought of the Canadian Bank of England guy. GBP crashed because a number of companies are selling off their British properties/assets and buying ones in other currencies (seems to be some USD and a fair amount of Euros). That's partly why it fell so much. The other reason is they made the wrong first guess. If remain looked more likely they would have sold off GBP much more gradually and you wouldn't have had such a race to the bottom crash. Shit is really real bud. People are leaving.
A lot of commentators are talking like you, that it's just speculation gone out of control as if it has no bearing on real life. You would not have seen such a sudden, sustained and large crash if that were true, AND you wouldn't have seen the currency going up and down like that beforehand in line with the polls. But I worry the Canadian dude is thinking if he just props up the currency for a little while it'll all be okay and it's all going to go back to normal. If he thinks that we're going to have a lot more shit to deal with and since FOREX never sleeps it could happen any time.
>>61260371
In two years the UK will be fully exiting the EU, without access to the EU's market, without trade agreements in place with the world economies it had treatied with as member of the EU, without WTO membership, and so on. The shitstorm won't subside in two years.
>>61260215
>There is no competitor in Europe that can become this big in a swift and painless process (only Wall Street could do this). Continental gains should be marginal at best.
Looking at currency movements they have almost certainly started a small but sizeable move to the US. I mean it might be somewhere else that uses USD.
>>61255179
>eu4
>pleb
u wot m8?
>>61260678
>I mean it might be somewhere else that uses USD.
Zimbabwe world financial capital here we come.
>>61260215
>There is no competitor in Europe that can become this big in a swift and painless process
I think that is kind of the point. There are already talks of financial exodus relocating to Frankfurt, Dublin and even Amsterdam. I think the EU is gonna shill hard as fuck for this, though as they say is really fucking early to tell though.
Btw the EU is going full amputation mode:
http://internacional.elpais.com/internacional/2016/06/24/actualidad/1466751765_822662.html
>>61260592
If that happens they won't go through with article 50. They might just about start the process in just under 2 years.
This still won't be a good deal tho.
>>61260318
Nobody knows. All boils down to how the negotiations go.
>>61260766
Most casual paradox game by far.
>Freaking out over shit
>not even 24 hours has passed
>>61240228
>>61240402
Good. Once the EU disintegrates United Ireland can rejoin the UK instead. You'll come home a rich man making Mother Britannia very proud of you.
>>61244947
I remember the pound being almost parity to the € a couple years ago (during that time it was extra cheap to order stuff from amazon UK), but even with today's slump, it's still way above that
>>61261038
>Once the EU disintegrates United Ireland can rejoin the UK instead.
More likely it will stay in the EU and take all the financial business that used to go to London.
http://www.bloomberg.com/news/articles/2013-10-28/man-making-ireland-tax-avoidance-hub-globally-proves-local-hero
>>61260318
>Will the imports of mainland europe be taxed and viceversa? What about visa free travel and mainlanders already residing in the uk?
The Polish anon is right, but most likely: there will be heavier charges on exports from Europe to Britain than vice versa. Britain is an import economy and needs to buy from Europe more than Europe needs to sell. Almost certainly there'd have to still be freedom of movement, but more likely we become Schengen imo. So actually freer than before. This may not happen tho, it's possible that the UK will strongly resist this at the cost of everything else. There may be a citizenship amnesty or something, but since human rights is going I can't see many would want to stay.
Don't forget that fracking is going to be important too.
>>61260148
When I checked what was going on with the French, Belgian, German exchanges early this morning they were a few percent up. When FTSE opened everything crashed.
> Wahhh FUCK YOU ENGLAND FOR NOT STAYING SO WE CAN LEECH OFF YOU IN GOMMIE OVERLORDS SOCIETY
Stay asshurt rest of Europe.
>>61237819
The real question is whether Juncker et al. will be stubborn and stupid enough to allow the EU to collapse by refusing to reform the EU and refusing to compromise with the UK. They are in a position of great weakness and either they give Britain a good deal or they collapse, a la the Eastern Bloc in 1991. It's a win-win for the UK.
>>61260798
>exodus relocating to Frankfurt
Please no, I'm from a comfy yet affluent village (functional suburb) in Rhein-Main that's still >95% indigenous
I really don't want even more sandniggers (especially not P*kis which seem to be leagues worse than T*rks) here even if it means a 5% GDP increase
>>61241202
Scotland is highly strategic having access to North Sea Oil. The EU has no member with that since Norway decided to go it alone. So they could probably join up with either Norway or EU.
It's also a big cultural hub, has a decent relationship with France because history, and weirdly has excellent ground for building massive New York type skyscrapers.
>>61261306
They don't recognise/agree with this. They are playing hardball to stop other nations following.
>>61261164
It can't do that. There's no single financial district in all of Europe that could replace the City. More likely is that the capital will disperse to cities such as Amsterdam, Dublin, Frankfurt, Paris, and some other European cities. A lot of the business will stay in London, but the City's importance to global finance will be greatly diminished without free access to the EU's market and without membership in the WTO. A major risk here is that a lot of investors will simply turn their eyes from Europe to other continents instead. America and East Asia will likely be the places where these investors and stock traders will be greeted.
>>61261390
We are talking about brokers not toilet cleaners or kiosk vendors dude.
>>61236936
>>61260798
The fact there's so many candidates (but not one big enough) is paralysing and deterrent.
Are they supposed to scatter the whole City across Europe, in five or six irrelevant cities? Or the EU's going to choose Dublin for some reason and tell Frankfurt and Paris to fuck off?
It sounds difficult. The City is more convenient.
>>61260678
GBP sure will be unstable and unsafe in the short term. This was predicted. Now it would be adventurous to deduct long term consequences for the GBP.
https://www.youtube.com/watch?v=JW0LEtW_6sI
>>61261793
His family clean toilet and vend kiosk since ancient time, have respect.
>>61261164
>More likely it will stay in the EU and take all the financial business that used to go to London.
Very unlikely.
The entire Republic of Ireland has a smaller population than the City of London alone, with London's population almost double. A huge financial centre needs a big workforce.
Frankfurt I can take, but the chances of Dublin replacing London as a global financial centre is pretty low, even if the entire Irish population moved in Dublin to work.
>>61237034
The eastern Europeans were just the latest immigrant bogeyman for the fuckwits to blame.
Just like the pakistanis before them.
And the West Indians before them.
And the Indians before them.
And the Irish before them,
And the Jews before them.
And then the Irish again.
And then... I dunno Huguenots?
>>61261306
They have to show some degree of strength or there will be more secessions on the horizon. Its a tough situation and I think they should try to squeeze the UK so that other countries dont get any ideas.
>>61261887
>GBP sure will be unstable and unsafe in the short term. This was predicted.
No, this was not. The BoE to be fair did have a contingency in place
>>61261887
>Are they supposed to scatter the whole City across Europe, in five or six irrelevant cities?
Frankfurt and Amsterdam are hardly irrelevant bro
>>61236936
>gibraltar vulnerable to spanish annexation
lmao spaniards invading anything.
>>61261959
>The entire Republic of Ireland has a smaller population than the City of London alone
That in itself isn't a deal breaker.
>>61246303
Biggest exporter of bananas, plenty of potatoes to go around friend ;)
>>61262018
>so that other countries dont get any ideas
IT IS VERBOTEN
>>61251884
you fucks couldn't even defeat the greek women's army in WW2, what makes you think anyone will bet on Italy?
>>61262336
*Es ist verboten
>>61262457
Ja, ja, Krusty spritzen der Gaswasser.
>>61251884
Why would anyone have Italy as their second choice of trade hub after London?
>>61261164
I can see that being done. It would take a bit of investment
What exactly did the UK gain from all this to make it worth the clusterfuck?
>>61262795
Pride my friend, pride.
Now all we need is 65 million vr headsets and an empire simulator and it'll all be fine.
>>61262795
The attention of everyone at the party
>>61237532
It's already happening m8 http://www.independent.co.uk/voices/brexit-latest-london-independence-time-to-leave-uk-eu-referendum-sadiq-khan-boris-johnson-a7100601.html
>>61237532
I would love this.
>>61262795
They don't have to bother with Scotland or north Ireland anymore.
>>61261975
you forgot the beaker folk mate
>>61262795
the dimwits that claim the UK isn't relevant won't have much to say for a while
>>61261959
they could copy the same model charlotte used to become a big enough player
>>61262795
they can't be ordered around by european judges any more, if the brexit is followed through.
just as an example they might make it possible to invest into stocks even if you don't own like 5 mil or however much it had to be for investor protection.
>>61262795
They wanted to show Europe that they are very eurosceptic and they better treat them well.
They overdid it and realized too late.
>>61261829
Thank you bluepilled subhuman
>>61261975
Come to think of it, Britain's had an immigration problem ever since the Romans at the very least. Then came the Saxons, then came the Scandis, then came the Normans, and so on.
>>61261829
Spain and Belgium will veto Scotland joining the EU.
>>61261164
In the short term maybe, once the EU disintigrates no.
>>61236936
right. enjoy our lefties as they immigrate to vote for hillary
>>61263256
Norway will take them. Then Spain and Belgium will be bullied into submission
>>61236936
Isn't the lost value of the pound fucking amazing for British exports though?
>>61263337
If it didn't also make the cost of living higher, and we had more exports, yeah.
It'll encourage a move to net export but the manufacturing base is screwed.
>>61246726
I hope you don't get a lot of backlash for being here. My brit friends are quite worried.
>>61247055
The article states that the govenor of the Bank of England said that the bank is ready to inject 250 billion. That is not the same as 250 billion has been injected.
>>61246325
>>61263337
>Isn't the lost value of the pound fucking amazing for British exports though?
Britain's main export is financial services.
To Europe.
>>61263389
>the manufacturing base is screwed
Why, aren't they one of the few exporters?
>>61263442
He has likely injected some of it by now. I doubt he's doing a massive amount.
>>61247202
Oh they will, then you'll be stuck with all the africans and arabs coming your way from the holy common wealth.
>>61246325
>toilets will be banned in UK
Her Majesty's Shitting Streets Designation Office will soon be formed
>>61263475
We were more and more service based. I think the big move will be towards fracking but again that only works with a decent manufacturing base, most of ours are foreign owned or closed down now. We even stopped making train cars when the coalition came in (they now get imported from Germany)
>>61263473
>The Eternal Anglo loses his Jewish usury powers
Why is this a bad thing again?
>>61263475
Exporting gets less profitable of tariffs are implemented. And some manufacturing equipment was likely imported from Europe, and if the cost of equipment imports go up then the cost of the product will go up. Basically products become more expensive to produce and become less profitable to sell. And that sucks for the industry as a whole.
>>61263503
Some of it, sure, but nothing near 250 billion
>>61263710
No I wouldn't have thought so. I'm guessing tho BoE put out those newspaper articles about the pound being "punished too much" I think was the wording, or something like that, just after injecting some of that reserve. Just to try and trick the FOREX market into letting up a bit.
