Adrian@TORQEN

I haven't experienced any xenophobia first hand so far while I've been in UK for 15 years on Thursday, but what I'm seeing lately leaves me with a very bitter taste. Here one example:

I'm not saying it should or it shouldn't, just saying it is going to happen. FT is a very influential paper in both politics and financial world, it's on the front page today. Cameroon is in Brussel, there will be more concessions from EU and we will have a re-run based on the new terms. A lot of LEAVE highly prominent figures are also saying this is very possible. Radio and TV journalists and analysts are slowly introducing the concept in the debates. Markets are also seeing this as a huge opportunity and advise investors to buy UK stocks after such a big sell off, making money twice Let's see how this unfolds.

There will be a second referendum.

So they dug his vote card out? Isn't that "a bit" illegal? I bet it's going to be in Daily Mail, so it must be true!

Speaking of sterling: http://www.marketwatch.com/story/british-pound-could-hit-history-making-dollar-parity-by-end-of-2016-2016-06-27

http://www.bbc.co.uk/news/business-36644934

Heard Kelvin MacKenzie on LBC about 90 minutes go while driving... Play the sound clip. http://www.lbc.co.uk/kelvin-mackenzie-on-why-he-regrets-voting-leave-132941

Seems like the Germans are not making it easy for UK, helping Scotland An independent Scotland would be welcome to join the European Union, a senior German lawmaker and ally of Chancellor Angela Merkel has said after Britain's vote to leave the bloc. "The EU will still consist of 28 member states, as I expect a new independence referendum in Scotland, which will then be successful," said Gunther Krichbaum, a member of Merkel's conservatives and chairman of the European affairs committee in parliament. "We should respond quickly to an application for admission from the EU-friendly country," he told the Welt am Sonntag newspaper. http://mobile.reuters.com/article/idUSKCN0ZC0QT

I have no doubts in you, Haydn, nor in any other person on this forum. You've seen the examples everyone posted here with people not having a clue what's to follow.

Trading in Barclays and RBS shares was suspended on Monday morning following heavy losses on the London Stock Exchange. Barclays share price was down 10.3 per cent and RBS was down 15 per cent o Monday, triggering automatic circuit breakers that kick in when a share price falls more than 8 per cent. Barclays was trading at 138.95p, down 9.76 per cent, while RBS was trading at 178.14p, down 13.30 per cent in mid-morning trade. Lloyds was down 8.91 per cent at 51.88p, after falling more than 20 per cent on Monday. RBS shares have lost £10 billion in their market value since Thursday, or more than the net contribution of the UK to the EU in 2015, which was estimated to be about £8.5 billion. The net contribution is the difference between what the UK paid to the EU and what it got back in spending in the UK. http://www.independent.co.uk/news/business/news/barclays-rbs-halts-trading-eu-referendum-brexit-ftse-100-stock-market-a7105196.html Meanwhile: Boris Johnson has boasted "the markets are stable" - just as trading in publicly owned RBS was briefly suspended after a 14.5% drop. http://news.sky.com/story/1717965/boris-insists-pound-and-markets-are-stable

He seems to know what he's talking about, he said the GBP/USD came back about 6% It just went up a bit so it can fall deeply again, here it is live:

To play devil's advocate, any US company eyeing up property just got a near 15% reduction before taking into account stamp duty etc. I think they'll be waiting for further price drops before making any purchase

Personally I think it's a very small amount of people voting leave that really understood the short to medium term negative impact on the economy. We debated this many times here, it was an emotional vote against immigration and the establishment, not many people thought "economy" when voted leave. We're all in this mess, we need to stick together and sort it out, but we're at the mercy of political games of both political parties. Delaying invoking article 50 is either another political play, where they hope to cancel the referendum, or a very stupid decision to wait and pass the dead cat to the next government. That's not the leadership we need now, sadly.

I don't think you seem to realise that the vote leave camp knew this would have a short to medium term negative impact on the economy? What you're saying or posting isn't news nor is it a surprise. A lot of people seem to underestimate the fact that "leavers" are looking to the future and to the prosperity that leaving The single EU market is likely to have on the UK. On a personal note I think it speaks volumes that the minority in the UK can't accept that a decision has been made and we should not accept it, knuckle down and move on... Oh, I have accepted it, just watching it unfolding

Speech was delivered. Osborne says Treasury made a series of predictions about impact on the economy and says there were a range of impacts but all of them "required an adjustment in the economy" (recession). He says he will work very hard to mitigate the impact and remind people of the strengths of the British economy. Meanwhile Japan is first international victim of our decision, investors are buying JPY and USD, as safeguard. http://www.marketwatch.com/story/japan-emerges-as-key-victim-in-fallout-from-brexit-2016-06-27 Markets opening in EU in a few minutes, let's hope for the best. Seatbelts on!

Figure of speech, as in long time ago.

Back in 1248?

Congrats Jeff and Melissa! Can't advise on wedding costs as mine was in Romania back in 1827...

For the exact reason above Markets and investors need political and economic stability, elections always bring uncertainty.

Nope. He needed to properly weight over the weekend what happened on Thursday and the small reaction of the markets on Friday. Is not random or coincidence they've chosen the result day to be on Friday, is usually a very quiet trading day, most traders go out early for drinks and dinners, having made lots of money over the week. Just spoke to a friend, senior trader, they've been working today, preparing for the next hours, they're already at work. I don't like the sound of that, hopefully it's not going to be bad tomorrow and Tuesday. Christine Lagarde from IMF just said that markets underestimated what happened and reacted very lightly on Friday...

So Asian markets are open, GBP keeps falling, but expect bigger fall in the morning once EU stock markets open. Osborne is due to release a statement to calm the markets in the morning, let's hope it helps

£?

Let's keep calm! Trouble is you're bringing more uncertainty, again. Here is why:

So "what's going to happen" then? Go on, tell us Meanwhile, let's be clear about this, we have enough uncertainty as it is