What Brexit could mean for the UK economy | Forex Factory

  • What Brexit could mean for the UK economy

    From reuters.com

    Britons have voted to leave the European Union, a decision which leaves the world's fifth-biggest economy facing deep uncertainty about its growth prospects and its attractiveness to investors, and which could hurt other economies in Europe and beyond. The vote is expected to deliver at least a short-term hit to growth in Britain and might push it into recession. It could prompt the Bank of England to cut interest rates to zero and test the willingness of creditors to keep on funding Britain's current account deficit. Further ahead, the implications of the vote will depend on what kind of trading relationship Britain ... (full story)

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ChinaTraderz
Jun 24, 2016 5:06am
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Quoting Sniper2000
Luv it.
You realise that over past 22 years the mid point of EURGBP was 0.77243 . GBP is now trading at 0.80100. So the currency hasn't collapsed.
Too early to call mate. Forex trader? Sell as much pound as you can now. It is already expected there will be intervention and buy back to calm the market, no matter on Swiss Franc or the Yen side.

Don't be too happy that Pound hasn't collapse, it is just time that matter.

P/S: Do it only if you have holding power. If you are short term trading with small account, forget about it.
Reply
ChinaTraderz
Jun 24, 2016 5:35am
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Quoting cjgovi
note how it said "could"
Heard the Breaking BBC from Scotland? Tomorrow will be discussing and referendum for Independence on immediate priority. Trump say "Brexit a great thing". I bet he said that for Britain to take back their country or what he did in Scotland starting to get return soon.
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Sniper2000
Jun 24, 2016 5:00am
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Quoting ChinaTraderz
Finish story on BREXIT. Get ready to trade ScotIn.

Luv it.
You realise that over past 22 years the mid point of EURGBP was 0.77243 . GBP is now trading at 0.80100. So the currency hasn't collapsed.
Reply
Sniper2000
Jun 24, 2016 5:07am
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Quoting sharpshoot
What does DIY recession mean ?
Do It Yourself recession.

Meaning the Banks have done it (recession) themselves and want to now blame the British population (Brexit) in causing the coming recession when they caused it themselves.
Reply
ChinaTraderz
Jun 24, 2016 4:11am
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Finish story on BREXIT. Get ready to trade ScotIn.
Reply
ChinaTraderz
Jun 24, 2016 4:38am
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Quoting cjgovi
note how it said "could"
Could? I can assure you this will happen very very very soon. Scotland will challenge Dublin for UK fat meat.
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Hurst
Jun 24, 2016 6:05am
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Quoting Sniper2000
Do It Yourself recession.

Meaning the Banks have done it (recession) themselves and want to now blame the British population (Brexit) in causing the coming recession when they caused it themselves.
Totally agree with you, but it is the banks that have caused the crash but hey any scape goat ehh.
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cjgovi
Jun 24, 2016 4:30am
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note how it said "could"
Reply
goldfinger
Jun 24, 2016 4:34am
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new world order got hit in the eye
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sharpshoot
Jun 24, 2016 4:53am
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What does DIY recession mean ?
Reply
Trader#F38E
Jun 24, 2016 5:13am
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Quoting goldfinger
new world order got hit in the eye
Haha, you are deluded. The New World Order doesn't have sovereign borders. This is a victory for the NWO in allowing fear, ignorance and propaganda to win
Reply
Trader#E084
Jun 24, 2016 5:27am
Permalink
Quoting sharpshoot
What does DIY recession mean ?
DIY = Do it Yourself
Reply
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