Brexit Thread

[edyzmedieval]

For the most part, I'm interested in the economic outlook that's related to the Brexit. Initially, the weakness in the pound triggered a solid business/economical outlook, but that took a serious crash dive when PM May outlined her plans to trigger the Brexit, which caused some serious havoc in the exchange markets. GBP/USD (Pound to dollar ratio) took a serious beating, and even suffered a flash crash of 6%.

That's not a good sign by any standards - even if a flash crash was most likely triggered by automatic sellings because of the breaking of a support/resistance point within the exchange market.

In the long run, economically, it can benefit or it can suffer. It depends very much on the government.

Britain needs to do the Brexit really carefully. Manage it properly, or else there will be some consequences for the entire world, not just for Britain.

Bloomberg article on the GBP - http://www.bloomberg.com/news/articl...-hedges-expire