Even as it began to emerge that a Leave vote was likely overnight on the 23rd/24th June the
value of the pound was hit and plummeted down to values last seen 30 years
ago. The fall was greater than that
recorded after so called black Wednesday in 1992 after we fell out of the ERM.
The FTSE 100 drops about 500 points on opening on the morning after the vote.
Markets showed they understood Boris' little joke about prospering like never before by sending indexes the world over plunging downwards and wiping £2tn
off the value of the world’s stock markets including the FTSE 100 which was
down at one point by more that 8%. Yes, never before has anyone prospered by wiping two trillion pounds off the world's business value.
This is perhaps just a foretaste of what is to come. Let me know when you've stopped laughing.
No comments:
Post a Comment