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Old 29th Jun 2016, 15:40
  #5374 (permalink)  
Bagso
 
Join Date: Dec 2003
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Credit the BBC who depending on the reporter "occasionally", get the story right.....

Surely, by now, stock markets should be through the floor and sterling engaged in a gutsy grapple with the Zimbabwean dollar for the crown of least-liked currency on global markets?

It hasn't quite happened like that - despite some apocalyptic warnings before the referendum.

Today the FTSE 100 is up more than 2% and is now above its level for all of June save referendum day.

The FTSE 250 - a better barometer of British business health - is up nearly 2%, though still significantly lower than it was on referendum day, its highest for the year, when many market participants believed Remain would win on 23 June.

Government borrowing costs are falling.

And sterling has stabilised.
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The markets will of course ebb and flo, but will anything that happens in the next 2 years be more siesmic ?

.....Norwegian /Ryanair might need to dispel any rumours of retrenchment.

In case of Norwegian there was a suggestion re BHX that they have pulled the plug. I'm hearing rumours from the airport that Brex has made no difference to their plans at least in terms of MAN. Delays were due regulatory issues...possibly resolved. Anybody hearing likewise?

Last edited by Bagso; 29th Jun 2016 at 18:38.
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