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jaxie · 29-06-2016, 06:25 PM

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.

http://www.bbc.co.uk/news/business-36665685

According to the beeb the markets are starting to improve. I thought it would be nice to share some good news for a change.

Cherie · 29-06-2016, 06:31 PM

Very welcome

jaxie · 29-06-2016, 06:39 PM

Also saw this which is also good news.

The claim: The damage done to the economy has already been many times the value of the UK's contribution to the EU Budget.

Reality Check verdict: There may already have been an impact on the economy or the public finances but we do not yet have data showing that. The indicative cost of borrowing for the government has actually fallen.

bots · 29-06-2016, 06:43 PM

Yes, it is a bit of good news. We will just have to wait and see. I'm glad there was no rush to make our leaving official, that would have given the markets a fright.

Johnnyuk123 · 29-06-2016, 07:20 PM

Gold also went up 20% didn't it soon after the EU result came in.

Johnnyuk123 · 29-06-2016, 07:21 PM

My niece also got a job! Who'd a thought jobs are still being created in all this end of the world doom and gloom stuff.

arista · 29-06-2016, 10:15 PM

Quote:

Originally Posted by Johnnyuk123

My niece also got a job! Who'd a thought jobs are still being created in all this end of the world doom and gloom stuff.

How Nice

Alf · 29-06-2016, 07:25 PM

Stirling has gone downhill

Since the move to Manchester City.

jaxie · 29-06-2016, 07:43 PM

Quote:

Originally Posted by Alf

Stirling has gone downhill

Since the move to Manchester City.

I can't complain about that I get paid in dollars and convert.

Cherie · 29-06-2016, 07:46 PM

Quote:

Originally Posted by jaxie

I can't complain about that I get paid in dollars and convert.

football player

jaxie · 29-06-2016, 08:07 PM

Quote:

Originally Posted by Cherie

football player

Freelance!

Johnnyuk123 · 29-06-2016, 08:08 PM

Quote:

Originally Posted by jaxie

Freelance!

You lance boils for free? Not much money in that then.

arista · 29-06-2016, 10:28 PM

Quote:

Originally Posted by jaxie

I can't complain about that I get paid in dollars and convert.

You Lucky Begger

Tom4784 · 29-06-2016, 10:00 PM

Good news but the upturn will only be temporary. I imagine it'll tank again as we get closer to the actual leave date.

arista · 29-06-2016, 10:20 PM

Quote:

Originally Posted by Dezzy

Good news but the upturn will only be temporary. I imagine it'll tank again as we get closer to the actual leave date.

Yes Dezzy when we
Bolt our Door.

It will be Tougher.
I am Glad you are ready.

I do hope you will able to shop
at AsdaWalmart
by then - using their special USA connection
to stay cheaper.

I am sure longer times
ahead we will be a Even Better England

joeysteele · 29-06-2016, 10:31 PM

The markets will settle as long as there is continuity, it is now as secure as it can be, that this Article 50, if it ever gets activated, is not likely to be done until late this year or even not until next year.

The instant action expected has not come about because none of the leave leaders, had any idea how to go about this and had no plan to execute immediately.
Sterling has suffered but it is now clear that it will be years before we are out the EU now.

Also the Bank of England has made available £250billion to help the economy and to stave off any banking crisis.
That gives assurances that short term nothing is to change, so of course that will be reflected in the markets.

Wait until the deals are being negotiated and what hiccups or obstacles then may need to be got over, that is f they can, that is when the real test comes not now, as at this point, nothing has changed other than the vote.

One Swallow does not make a Summer, there is a very long and tricky, obstacle filled road to go down yet, when and if Article 50 is triggered.

arista · 29-06-2016, 10:39 PM

Quote:

Originally Posted by joeysteele

The markets will settle as long as there is continuity, it is now as secure as it can be, that this Article 50, if it ever gets activated, is not likely to be done until late this year or even not until next year.

The instant action expected has not come about because none of the leave leaders, had any idea how to go about this and had no plan to execute immediately.
Sterling has suffered but it is now clear that it will be years before we are out the EU now.

Also the Bank of England has made available £250billion to help the economy and to stave off any banking crisis.
That gives assurances that short term nothing is to change, so of course that will be reflected in the markets.

Wait until the deals are being negotiated and what hiccups or obstacles then may need to be got over, that is f they can, that is when the real test comes not now, as at this point, nothing has changed other than the vote.

One Swallow does not make a Summer, there is a very long and tricky, obstacle filled road to go down yet, when and if Article 50 is triggered.

Yes Joey
It will be Tough
But we can take it.

Do your Parents Advise you ,
more now.

Are you a Lawyer?
as we need more EU Lawyers
to asist in the Civil Service

joeysteele · 29-06-2016, 10:44 PM

Quote:

Originally Posted by arista

Yes Joey
It will be Tough
But we can take it.

Do your Parents Advise you ,
more now.

Are you a Lawyer?
as we need more EU Lawyers
to asist in the Civil Service

No, I actually possibly advise my Parents more than vice versa it seems now,when I see them that is, as they spend more time in Rome now than the UK.

Yes I am.

No I do not want to do any work with the civil service thank you.

That all looks like an absolute mountain of work to get through and all extremely time consuming too.

arista · 29-06-2016, 10:56 PM

Quote:

Originally Posted by joeysteele

No, I actually possibly advise my Parents more than vice versa it seems now,when I see them that is, as they spend more time in Rome now than the UK.

Yes I am.

No I do not want to do any work with the civil service thank you.

That all looks like an absolute mountain of work to get through and all extremely time consuming too.

Great
I will contact Head Office and Ensure
you get Higher Pay
as you are at a Higher level

joeysteele · 29-06-2016, 10:58 PM

Quote:

Originally Posted by arista

Great
I will contact Head Office and Ensure
you get Higher Pay
as you are at a Higher level

No,money doesn't tempt me, I want to get satisfaction from my work and enjoy it.

I am happy as I am, thank you anyway.

joeysteele · 30-06-2016, 08:23 AM

I do not want to be a doomwatch here as I do not want the UK to do badly on anything.

However of the ftse100 which has clawed back,75% of its business are outside the UK therefore a weaker time for sterling is actually good for them.

You may find a different story on the ftse 250 which is better barometer of how things are going and it is not doing so well.

Any good news of course has to be good news but only if it really is so however.

jaxie · 30-06-2016, 09:55 AM

Quote:

Originally Posted by joeysteele

I do not want to be a doomwatch here as I do not want the UK to do badly on anything.

However of the ftse100 which has clawed back,75% of its business are outside the UK therefore a weaker time for sterling is actually good for them.

You may find a different story on the ftse 250 which is better barometer of how things are going and it is not doing so well.

Any good news of course has to be good news but only if it really is so however.

It says in the article that the FTSE 250 has also risen not as much as it fell yet but coming back up is a good sign and the pound has risen a little against the dollar.