View Single Post
Old 27th Jun 2016, 12:17
  #20 (permalink)  
Shed-on-a-Pole
 
Join Date: Sep 2002
Location: Manchester
Posts: 1,106
Corporate Britain has entered prudent short-term 'wait and see' mode. Not a mindset of 'never invest here again.' Don't forget that both possible referendum outcomes were destined to produce near-term market turbulence as investors adjusted to the outcome. Currency exchange rates are fluid. They will shift again as the US faces its controversial presidential election and Euroland addresses the next tranche of the Greek bailout (and other internal issues). Remember too that market moves produce winners and losers either way. A 10% reduction in GBP exchange rates is akin to a lottery win for UK exporters. It also heads off the spectre of deflation (a government's worst nightmare).
Shed-on-a-Pole is offline