Live Brexit Thread

[Rob L 3,811]

The British pound collapsed over 5 percent against the U.S. dollar at one stage in wild trade, its biggest fall in living memory, while the euro slid 1.5 percent EUR= as investors feared for its future.

Sterling was last at $1.4420 GBP=, having earlier stretched to a high for the year at $1.5022. At it worse, the fall was even larger than during the global financial crisis and the currency was moving a cent or two in the blink of an eye.

"Sterling is getting smackadoodled," said Tim Kelleher - Head of FX Institutional Sales New Zealand for ASB Bank in New Zealand. "While we thought it was all going to be "Remain", it's quite clearly not going to be as clear cut as that."

[X Factor 1,112]

The SPX futures had a wild swing as the numbers voting fluctuate. Was as high as 2119.50 to low of 2049.50. A massive range of 70 points!

[OriZ 3,157]

Looks like for the most part the English and Welsh want to leave, Scotts and NIers wanna stay. Good thing there's more of the former lol

Overall with about 25% of votes counted thus far, a 2% lead for the brexiters. And Scottish numbers are almost done. Still plenty to come from England.

Edited June 24, 2016 by OriZ

[X Factor 1,112]

With almost half the votes in the Brexiters lead by over 1.5%

[X Factor 1,112]

If the Brexit vote wins, the FEDS will not hike interest rates the rest of the year. Got to try to prop up the markets

[yuna628 9,676]

Pound is continuing to tank..

[X Factor 1,112]

Yes. The crazy thing is that the pound is more volatile now than in 2008.

[OriZ 3,157]

If the Brexit vote wins, the FEDS will not hike interest rates the rest of the year. Got to try to prop up the markets

Remember this? http://www.visajourney.com/forums/topic/577938-one-year-to-nowhere/?p=7959343

At the time belief was 4 hikes in 2016. Calling BS on that was seriously easy.

[X Factor 1,112]

Remember this? http://www.visajourney.com/forums/topic/577938-one-year-to-nowhere/?p=7959343

At the time belief was 4 hikes in 2016. Calling BS on that was seriously easy.

Good call

[X Factor 1,112]

It seems like a done deal. Brexit will happen.

[Rob L 3,811]

This does this go down?

This is a non binding referendum...how long before new treaties are negotiated. Cameron is gone...a new government?

Will Scotland try to leave and join the Eu?

This is a mess...not good for any global market

[X Factor 1,112]

The British Pound Has dropped in value against the US dollar to 1985 levels.

[Jacque67 7,328]

http://www.dailymail.co.uk/money/article-3656998/So-EU-vote-threw-businesses-turmoil-split-boards-ll-face-tough-decisions.html

[Jacque67 7,328]

http://www.theguardian.com/politics/2016/jun/24/brexit-earthquake-has-happened-the-rubble-will-take-years-to-clear

[Jacque67 7,328]

http://www.theguardian.com/politics/2016/jun/24/britain-has-voted-to-leave-the-eu-what-happens-next