UK pound falls to fresh 2.5-year low against Singdollar as 'Brexit' fears persist

(24-06-2016, 11:26 AM)CY09 Wrote: I am quite surprised at the results. If what I am seeing is the eventual outcome, my warchest and CPF OA will be empty soon

The gap has widened to 600,000 for the leave camp as of writing

Another question is what is the magnitude of reprecussions to other EU members, Especially when countries like Greece is still in financial peril

If uk leaves, EU membership fee for the rest could go up. UK paying 11 billion pounds a year for membership, if they square it fairly divide it by 27 thats 400 mil additional on top of what each membership already paying, I think in reality the bigger countries could be ask to top up more.

Already imf asking EU to forgive a large chunk of greece debt, Germany's pension funds how? later another belly up case need bailing out from the rest everybody will act blur will look at each other and then look to who is the next richest member in EU able to pony up the lion share for bailout.

http://www.google.com/finance?q=EurSgd

http://www.google.com/finance?q=GbpSgd

EUR did not drop a lot.....compared to the GBP

(24-06-2016, 12:11 PM)newborn1000 Wrote: % wise is the same lead

But the votes count has widen to almost 1 million towards leave

338 of 382 has been counted

It will take something special to reverse this.....

STI is in free fall -2.5%

yup the UKIP is declaring victory alread, UK "INDEPENDENCE DAY" 

More or less done deal. Next will be what other nations wanna leave the EU, probably the Scandinavian nations and Swiss will wanna leave as well. 

My UK friends tell me a lot of the BREXIT votes comes from people who are losing their jobs to foreign cheaper european labour and are pissed off.

STI not bad leh, look at hongkong market. But tomorrow will be worse as USA went up last night and will be tanking in a big way today as all the fund managers start work.

Soros must be ROFL....

Traders make or lose money and go on with another trade / house

Folks make or lose their livelihood. Greeks lose one whole generation. Policy / Decision makers have to know they have a greater calling and duty than short term populism. Ironically that's what Soros was trying to say in his piece.

That's why business owners are dumb to listen to short term shareholders or worse hedge funds. They should identity who their long term stakeholders with vested interest are. That's why Singapore citizenship give you right to discuss and comment. Otherwise no long term vested interest.

http://www.theguardian.com/politics/ng-i...d-analysis

Looks like game over.

(24-06-2016, 12:47 PM)BlueKelah Wrote:

(24-06-2016, 12:11 PM)newborn1000 Wrote: % wise is the same lead

But the votes count has widen to almost 1 million towards leave

338 of 382 has been counted

It will take something special to reverse this.....

STI is in free fall -2.5%

yup the UKIP is declaring victory alread, UK "INDEPENDENCE DAY" 

More or less done deal. Next will be what other nations wanna leave the EU, probably the Scandinavian nations and Swiss will wanna leave as well. 

My UK friends tell me a lot of the BREXIT votes comes from people who are losing their jobs to foreign cheaper european labour and are pissed off.

STI not bad leh, look at hongkong market. But tomorrow will be worse as USA went up last night and will be tanking in a big way today as all the fund managers start work.

Soros must be ROFL....

Oh yah, S&P500 futures also look pretty grim as well -4.5%

So yet another correction is on the way if nothing esle

Brexit leave camp has an unassailable lead now..........

The european politicians will have to deal with other separatist movements now who are missing the bigger picture.

The biggest beneficiary for USSR breakup and potential China breakup post 6-4 was USA. That's the bigger picture. When citizens miss the bigger picture they are no different from the syrians as a pawn to be played with.

If EU breakup the dynamics is not so clear now with US, Russia and even China will try to exert their interests. Will be messy which I personally hope EU will continue

I don't think is a 1 or 0 thing. There are good and bad. The democratic process has spoken and the nation, and the EU and the world will move along with it.

Long Live the Queen !

Cheers

Nikkei down 8% my Xe.com currency app has  hung. LOL good times.

Probably Euro markets will continue downturn as will USA. which will build up the anxiety and RISK OFF until monday. 

Wonder what David Cameron will say. Aussie PM already went on TV to calm the public liao LOL...

Most of the BREMAIN vote was from central London area, as expected the rich property owners dun wanna their property price to drop.

@cory : wonder what the Queen would say....

(24-06-2016, 02:07 PM)BlueKelah Wrote: Nikkei down 8% my Xe.com currency app has  hung. LOL good times.

Probably Euro markets will continue downturn as will USA. which will build up the anxiety and RISK OFF until monday. 

Wonder what David Cameron will say. Aussie PM already went on TV to calm the public liao LOL...

Most of the BREMAIN vote was from central London area, as expected the rich property owners dun wanna their property price to drop.

@cory : wonder what the Queen would say....

It's official
51.9% say LEAVE.
Brexit is here.

The americans happily asleep now, will get a rude shock in a few more hours.
Expect a sea of red, ppl gg to panic 
I think it'd last over the weekend. Mon will be real red as well