We dont need doors at our houses for no reason. We dont watch our bank accounts in and out for no reason. Disclaimer: I am an immigrant by myself and from a poor country.
I'm actually thinking that this might have far reaching negative impacts for us here as well. I would not be surprised if this further reduced customer confidence and it actually led to a bit of a reduction in property prices as well. A further sign of the western dominance coming to an end?
As opposed to the BRICs? Meanwhile, wait for it....FTSE 100 down a staggering 4.5%......to its lowest level since........March. Bit of a fizzer thus far.
Unfortunately real concerns from people labeled as xenophobes, stupid, old and ignorant were ignored. Polarising opinions start to happen... I see no sense in all this "your opinion is wrong", at the end of the day these people are in your country and people should be culturally aligned together. When they're not, unexpected things like this happen. Part of the reason why I think Trump is so popular in the states right now. The US attracts all the best minds of the world. I don't see a substitute for western dominance at the moment. China might be economically powerful, but hasn't progressed enough in other areas like culture, science, art, liberty, etc.
Love the Daily Mail headline "The day the quiet people stood up and roared". The quiet people who swung the vote are the white working class Labour-voting voters from the midlands and north, the very people the Mail generally despises. Not surprising, since those who have the most to lose from eastern European workers willing to work for minimum wage or less aren't the metropolitan 'elite'.
The idiot Tories have spoken and like many before them, will do their best to avoid responsibility for the problems to come.
In the short term, the uk might have larger falls...mostly due to uncertainties involved with exiting. It will all be ok longer term, but the short term uncertainty increases risk and that will be shunned by the ftse in particular. I think t hth ere will also be some falls in the RE market over there, but not as large as the ftse. If they make progress with plans to smoothly exit, expect ftse to climb...either way higher volatility.
Kipling nails it. I could not dig; I dared not rob: Therefore I lied to please the mob. Now all my lies are proved untrue And I must face the men I slew. What tale shall serve me here among Mine angry and defrauded young?
The Chinese Academy of Sciences with over 48,000 scientists now tops global ranking for scientific research ahead of prestigious institutions like Harvard Uni, French National Centre of Scientific Research, MIT, Max Planck, Stanford, Cambridge, Oxford, Tokyo Uni. etc. Nature Index The tide will have turned when Noble prizes are awarded to recipients in China.
Only in a few small areas dominated by British perhaps less demand. As foreign investors they will pay a lot more tax if not in the EU (no expenses deducible, not even mortgage) The coastal area I own in most owners are locals, and some Russians, Germans, French and Dutch, not many British.
totally politically hopeless person here, I do a fair bit of online shopping with US, UK and asia as well, ive noticed teh pound has gone from like 2.5 to 1.8 jpy has gone from like 82 to 75 thb hasnt changed much cny not much us hasnt changed all that much so for some like me that isnt going to buy overseas property or shares or has gazillion dollars is there any way I can take advatrnage or minimise my losses now eg will the currencies that have gone bad for aussie get worse, ie I should just stock up now or send more money now, or is it better to wait? have no idea how any of this affects aussies since we arent that related to these currencies and isnt it a two way thing???? eg if say a particular country has become unstable that the currency goes bad, then its bad for everyone, so shouldnt the exchange rate not change?
The pound hasn't been at 2.5 for 10 years... after Brexit it went from 1.95 to 1.82, it was 1.84 2 months ago, and 5 years ago it was 1.5 So stuff from UK is 7% cheaper today than last week, but not as cheap as 5 years ago when the pound was much weaker.
i swear I looked at it a few times over hte past months and it was above 2 each time oh well, shows how much I know! so realistically what will happen, will this be the new market average, or is it temproary, and which way can it go??
Range has been $2.20-$1.83 over the last year http://www.bbc.co.uk/news/business/market_data/currency/11/15/twelve_month.stm It was around $1.47-$1.48 in early 2012
Hard to say with this particular pair, both have some negative pressures going forward so perhaps the 1.80 will hold, who knows. If the UK somehow stays in the EU it would rebound above 2 pretty quickly.
