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Does anyone know what the spread was?
I've thought there was decent chance for sell the news dip even if they stayed but if they leave the dip is going to be more severe. I'll be looking around for opportunities cautiously.If Leave wins, stock market could have big drop tomorrow. May be a good time to buy on a dip and make a couple of easy percentage points.
Any reason for this? England is clearing voting to leave.It's light at 4:30 AM there.
Scotland voted to remain,along with Northern Ireland.
Yea that lends itself to even more uncertainty. Scotland just had a referendum on staying part of the UK or for independence a couple years ago and they stayed.It's light at 4:30 AM there.
Scotland voted to remain,along with Northern Ireland.
How would it sink the global economy? They don't even use the Euro. Honest question.Apparently the Brits were unhappy with losing their influence on the world. Now they can single handedly sink the global economy in one night.
why is it embarrassing for nations to remain individual?Similar to if Trump wins. Just embarrassing.
How would it sink the global economy? They don't even use the Euro. Honest question.
Yup markets hate the unexpected and uncertainty and this is full of both.The restructuring of the banking system to move European operations out of London is going to be a big undertaking. Companies will need to change their supply chain and transfer pricing agreements. Until new trade agreements are in place, there will be reluctance for multinationals to commit to any course of action. There are a lot of downstream effects on global trade that will be felt. Also, the futures market priced in a "Stay" vote and will immediately give it all back now.
Oh the irony......It's light at 4:30 AM there.
Scotland voted to remain,along with Northern Ireland.
Yea that lends itself to even more uncertainty. Scotland just had a referendum on staying part of the UK or for independence a couple years ago and they stayed.
But now Scotland wants to remain part of the EU but if the UK leaves and they get dragged out unwillingly with them will they call for another referendum for independence from the UK just a couple years later.
ITV has it at 85% leave now.
I don't know about Northern Ireland but I definitely can see Scotland doing it. I believe some of their government officials have already mentioned it. I don't expect it to happen quickly but somewhere down the line is very possible.Would be very interesting if Scotland held another referendum right now - I think they'd vote to exit the UK and stay attached to the EU. Northern Ireland might, too.
Boris Johnson loves the poorly educated.Uneducated voters took over the UK electorate. Blaming the wrong bogeyman.