They prolly wont leave because results will be fixed. I expect ~60% to stay in.

Your ability to PANOOYA ain't very good.

 

http://www.cnn.com/2016/06/23/europe/eu-referendum-results-interactive/index.html

https://www.bloomberg.com/live

 

Every region has voted to leave except for London.

 

This is BAD... for everyone, at least in the short term

 

Will Scotland now leave the UK?

 

As of 15 minutes ago (source:http://blogs.marketwatch.com/thetel...lts-and-updates-from-the-vote-as-they-happen/):

With 369 out of 382 areas done with counting, the “leave” vote is ahead with 51.7% versus 48.3% for the “remain” camp.

The decision to sever ties with the EU has come as a shock to financial markets, with all risk assets selling off heavily. The pound is down 10% against the dollar at $1.3382, the lowest it’s been since 1985.

Gold is up 4.9%

John

Gosh, I type slow. Sorry.

 

An independent United Kingdom.

 

Pound has fallen though :S

 

What will be the next domino? Grexit?

John

 

What will be the next domino? Grexit?

John

Maybe Frexit. https://www.rt.com/viral/348039-brexit-eu-referendum-domino/

 

Wow, that was close, 16,141,241 (48.1%) voted remain, 17,410,742 (51.9%) voted to leave.

Of course their will be uncertainty in the financial markets, but this should be fairly temporary.

It’s a good feeling that we will remain a self governing country and not just a state of the EU.

Now watch the knock on effect in other EU countries, we may not be the only ones not happy with the way the EU is developing.

The icing on the cake is that we have taken the nationalistic obnoxious Scots out of the EU against their will, they had their own referendum to leave the UK but keep the pound and the subsidies from the UK.

 

This event kind of makes one wish the US Constitution had an Article 50 too -- at least in some quarters.

John

 

Wow, that was close, 16,141,241 (48.1%) voted remain, 17,410,742 (51.9%) voted to leave.

Of course their will be uncertainty in the financial markets, but this should be fairly temporary.

It’s a good feeling that we will remain a self governing country and not just a state of the EU.

Now watch the knock on effect in other EU countries, we may not be the only ones not happy with the way the EU is developing.

The icing on the cake is that we have taken the nationalistic obnoxious Scots out of the EU against their will, they had their own referendum to leave the UK but keep the pound and the subsidies from the UK.

If Scotland leave the UK they cannot print the pound and there subsidiaries will be removed. They will have as much power over the pound as we do over the dollar.

 

If Scotland leave the UK they cannot print the pound and there subsidiaries will be removed. They will have as much power over the pound as we do over the dollar.

Why would Scotland want to maintain the Pound as a currency - it is not worth anything. I am sure the EU will gladly accept them into the Euro zone.

 

Why would Scotland want to maintain the Pound as a currency - it is not worth anything. I am sure the EU will gladly accept them into the Euro zone.

To say that the pound is not worth anything is just plain silly. Yes its value has dropped but it is still a strong currency. You also need to realize that because Scotland border the UK trading in the same currency is easier and incurs less costs. If they join the Euro they still cant control their own currency AND the euro-zone is weak after the recent bailouts and recessions.

London will always be the economic powerhouse of Europe regardless whether it is in or out. As such the pound will retain a lot of power.

 

Source: http://www.miketodd.net/encyc/dollhist-graph2.htm

"Strong" is a relative term. My wife and I visited England in March 1981. I certainly enjoyed the trip and history, but it was relatively expensive. Today, the pound went as low as $1.33.

John

 

Why would Scotland want to maintain the Pound as a currency - it is not worth anything. I am sure the EU will gladly accept them into the Euro zone.

It was a bad day for Scotland when the SNP (Scottish National Party) took power, these types of politicians are the worst possible, stirring up nationalistic pride, trying to divide the UK purely for personal fame and gain.

They held a referendum in Scotland to break away from the UK, but desperately wanted to keep the pound and all the grants from the UK.

Fortunately, for Scotland their referendum failed, as they would be in dire financial difficulties if they had separated from the UK.

They are driving for another referendum to break away from the UK, in the next two years, in the light of the result of the EU referendum, this makes no sense, they would surely fail on their own, but it is in the nature of the type of people that are in power there.

FYI the reason Scotland wants to keep the pound is stability because Scotland does not have the GDP as a country to exist as a separate entity to the UK.

Oh and the pound is worth infinitely more than your opinion on this subject !!!

 

My gold is doing well!

 

I haven't paid enough attention to the issue to have a Brexit opinion one way or the other. I'm probably on the exit side. But I'm thrilled to see Soros get the big green weenie.

 

From the Soros link above.
"London bookies offering 13 to 1 odds against the “Brexit"

https://www.theguardian.com/business/2016/jun/24/bookies-got-eu-vote-wrong-ladbrokes-says

In a candid statement, Ladbrokes’ head of political betting, Matthew Shaddick, said: “The truth is that bookies do not offer markets on political events to help people forecast the results. We do it to turn a profit (or at least not lose too much) and in that respect, this vote worked out very well for us.

“Nobody at Ladbrokes’ HQ will be criticising the predictive powers of our odds, they’ll be looking at the money we made.”

More than £40m was gambled in the biggest political betting event in British history.
William Hill said one woman in central London placed her first ever bet by putting £100,000 on the UK voting to stay, while another woman, from Kingston, south-west London, gambled for the first time by staking £10,000 on leave.