Brexit may have just hit the fan...

I suspect we may be in for a rough day on the markets tomorrow....

Live: Britain's Brexit Minister quits, triggering wave of resignations
Live: Britain's Brexit Minister quits, triggering wave of resignations

 

Who know? US markets have the biggest impact. At the moment there’s no panic but a night can be a long time in Markets:

 

The FTSE is holding up alright, although the GBP is getting smashed.

The atmos in London (at least among the political pundits) is pretty febrile. I suspect there is a lot more to go yet. Even if May stays as PM she will struggle to get her deal through Parliament. My guess is that a new Tory leader/PM is likely, and then probably a General Election.

 

Strange headline today "British stocks hammered."

Maybe the journalist is because I understand the FTSE 100 is up slightly.

 

Lol

 

Under-fire Theresa May vows to fight for her job 'with every fibre of my being' despite open warfare with mutineers over Brexit crisis
Just a bump in the road- it's going to be a orderly path to keep cross boarder financial markets and complex 24-7 supply chains that span the continent and deliver value going foward..I have some old newspapers from when this was voted on and from everything I read .. Britons voted to be outside the EU political structures but never to turn their backs on Europe ..

Quote --Boris Johnson--

My chances of being PM are about as good as the chances of finding Elvis on Mars, or my being reincarnated as an olive.

 

No, it's just what you'd expect. Most FTSE 100 companies have massive overseas earnings so when the pound slides (as in the last few days) their earnings, measured in sterling, go up. FTSE 100 List | 5 Biggest Companies in Terms of Market Capitalization

The FTSE 250 is a better reflection of British-based companies and tells a less happy picture. https://www.bbc.com/news/topics/cjl3llgk4k2t/ftse-250

 

It appears the market hasn't batted an eyelid....

 

FTSE 100 is ok as most of their business are international the one outside this big 100
is the trouble one as most of their business is domestic
What more buzzing is someone doesn't like our market and start a massive wave of sell all week, the future market look shaky on Monday then the selling wave start Tuesday
it across the board nothing is spare so someone doesn't like it for sure

 

Brexit latest news: MPs fail to seize control of Brexit by two votes but agree Article 50 extension

Will be interesting to see how much money start to flow into the US dollar now..

 

Now it sounds like Trees Are-Green oops Teresa May has lost the plot.

She is now offering to quit if the Brexit deal gets through parliament on the third attempt - Linky

So, if Brexit doesn't pass on the third attempt, will she stay?

 

I find it hard to criticize Theresa May.....it's a helluva task that she's been given.

There was never any way that she would come out of this unscathed.

 

@hammer - Trees R Green has done a cracking job IMHO. She was anti-Brexit IIRC but had to take up the chalis when it was handed to her. Boris strirred the pot, caused the stink then quit only to come back as a critic.

 

Definitely poisoned challis, and whoever is holding the cup when <whatever> actually happens, will cop it massively and forever more, regardless of the outcome.

This whole process has been a schemmozle (for some reason my spelling checker had no suggestions for that...) Hate to think how much money has been wasted since the campaigning started.

Cheers,
Inertia.

 

I think the market's over it.

 

Perfect example of the destructiveness of politics. Decisions here are being made ONLY to counteract, not for the best interests of society. Trying to gain power this way is sick.

However, this reminds me that Brexit will impact markets and it might be wise to take that into consideration when investing in the near term. Does anyone have an analysis of the market impact of each of the Brexit options?

 

Brexit deal won't happen tonight, government sources confirm – live news

IBM quarterly revenue misses, shares fall

Quote..German Chancellor Anglea Merkel..
BERLIN (Reuters) - German Chancellor Angela Merkel said she was slightly more optimistic that a deal could be reached on Britain’s planned exit from the European Union given the news she had heard from Brexit negotiations in recent days.

Looks like it's starting into the last phase as most of the players see nothing to be gained from further correspondence ..'''IF''' they all can get onto competing again in a fair manner is a whole unseen matter..

There will always be a England in one way or the other..


I always thought personally some of the allegations are certainly not unjustified from the person selling pork pies in a London west end street to Brazen Boris and all the dirty tricks the UK were up against..

 

Looks like Boris is back with even more margins..All it will take now is the China vs US chess game to finish and 2000 looking better each hour..
UK heads towards Brexit as Johnson on course for decisive win

China to buy $50 billion in U.S. farm products in return for tariff concessions-U.S. sources

 

China v USA aint gonna "finish" anytime soon.
That article is predicated on "sources", "nothing in writing yet".
and this:

 

While I agree, the market does not seem to care if a deal is reached or not. As long as there is no significant ramping up of Tariffs then the market is happy to pretend its business as usual.

If the Sh*** doesn't hit the fan this next week over this deadline then I don't see what the catalyst for any major falls could be, in the near future anyway.