The British Pound is now trading at its third lowest value to USD since 1791

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At least we didn't willingly vote to fuck the economy.

To be fair, we have plenty of voters here that continuously vote against their own interests.

I'm really shocked Leave won. I mean, I just have an American perspective. The market always reacts very drastically to uncertainty. Staying in would have left things stable, leaving was definitely going to cause a wave. Stuff like this just screws over the people who voted for it and they become more bitter.
 
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So since the Chinese are scooping up the good property in the US, does this mean I should buy some in the UK
The Chinese are scooping up US properties because they're worried that their economy is about to crater after years of artificial GDP growth. US real estate in comparison is a safe bet. The situation is slightly different there.

As to the UK, Jesus, Brits. We trusted you not to fuck yourselves, and the world, over.
 
What's this going to do to the Aus dollar relative to the US? Are investors going to flee home, driving the US up? Will it stop the fed from raising rates?
 
Well, if the pound crashes a little bit more, the UK could see an industrial renaissance and compete with China. Unfortunately I am leaving Northern Ireland today, too late for my vacation.
 
Tonight I am thankful for the senate and presidential veto power. It's mad that obvious checks and balances doesn't exist there.
 
Welp. There goes my Japan vacation next year. Down to 101 yen per dollar. They were already having enough trouble with yen deflation. Maybe it's time to pull some sort of stimulus package stunt. Free money for everybody!
 
To some extent, this does seem like more panic overreaction than a necessary adjustment. The econ forecasts for what would happen were a net negative for the UK, but not an apocalypse.
 
I'm 25 and I'm not looking forward to my future in this country anymore. I promised myself I would live and die in this country because I loved my country, now I seek something else, somewhere else.
 
The pound has already slumped to a 31-year low, but more weakness is in store for sterling as the consequences of a Brexit unfolds, according to HSBC.

In a note out early Friday morning, the bank’s currency strategists forecast the pound will fall to $1.25 by the end of the third quarter and to $1.20 by the end of the year.

“This is a seismic and largely unexpected event which is likely to have a massive impact on financial markets,” the analysts said.

http://blogs.marketwatch.com/thetel...lts-and-updates-from-the-vote-as-they-happen/
 
I'm 25 and I'm not looking forward to my future in this country anymore. I promised myself I would live and die in this country because I loved my country, now I seek something else, somewhere else.

You were happy watching southern Europe getting crushed in the economic doldrums at your gain then?

When I say your gain, I mean an austerity government.
 
To some extent, this does seem like more panic overreaction than a necessary adjustment. The econ forecasts for what would happen were a net negative for the UK, but not an apocalypse.

It's the bankers betting on currency heavily all night because it's the only thing they can bet on. They'd bet on rubber dog shit if they could on this subject.
 
So if I wanted to take a nice long Vacation in the UK, is now the time to do it?

Hotels/food and stuff will be cheap now, right? Or would it be more expensive since the British Pound is so down?
 
It's hard finding a currency tracking website at the moment; they all seem to be suffering from DDOS. Hell of an end to the week :/
 
are there any statistics out there showing the demographics about the decision. I have the awful feeling that the 50+ citizens are the cause of the outcome.
 
So if I wanted to take a nice long Vacation in the UK, is now the time to do it?

Hotels/food and stuff will be cheap now, right? Or would it be more expensive since the British Pound is so down?
Best to buy property in London proper now, where home prices have fallen to what you'd find in Dallas, Texas.
 
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