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

Ho Bee has quite a bit of exposure there.

(24-06-2016, 03:40 PM)BlueKelah Wrote: david cameron just resigned, jialat liao lah UK.

wah really a historical day...

brexit contigen spreading!!! forex is the most exciting now!!

(24-06-2016, 03:59 PM)brattzz Wrote:

(24-06-2016, 03:40 PM)BlueKelah Wrote: david cameron just resigned, jialat liao lah UK.

wah really a historical day...

brexit contigen spreading!!! forex is the most exciting now!!

thinking whether to change some pounds

if going to uk/eu for tour, why not?
sure it will be cheaper!

"Singapore banking system remains sound following Brexit outcome: MAS
Posted 24 Jun 2016 15:44 Updated 24 Jun 2016 16:00"

just posted by MAS!!!..

http://www.channelnewsasia.com/news/sing...?cid=fbcna

------------------

Britain credit rating down....

LONDON: Ratings agency Standard and Poor's said Britain's top-notch "AAA" credit rating is no longer tenable after voters opted to leave the European Union, the Financial Times reported on Friday.

"We think that a AAA-rating is untenable under the circumstances," Moritz Kraemer, chief ratings officer for S&P, told the FT.

Rival ratings agencies Fitch and Moodys have already stripped Britain of their AAA ratings, long before the referendum campaign began.

S&P has previously said its AAA rating for Britain reflected its assumption that the referendum would deliver a vote to remain in the EU.

http://www.channelnewsasia.com/news/busi...?cid=FBcna

(24-06-2016, 04:03 PM)jjlim84 Wrote:

(24-06-2016, 03:59 PM)brattzz Wrote:

(24-06-2016, 03:40 PM)BlueKelah Wrote: david cameron just resigned, jialat liao lah UK.

wah really a historical day...

brexit contigen spreading!!! forex is the most exciting now!!

thinking whether to change some pounds

no use one. Unless the GBP stays down, the money changer cartel will hold the price until they cleared their inventory.
after that, then the price will adjust.

best is to have a UK account, just TT the money over.

(24-06-2016, 02:54 PM)opmi Wrote:

(24-06-2016, 02:41 PM)Art or Science Wrote: I feel for UK and I fear break-up of UK is near with the next Scottish Referendum already and again brought up by SNP. This time, Scots will vote to leave, I am quite certain..

The Scots voted to REMAIN. See the deep yellow colour in Scotland.

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


Scots wants to long pang on UK to enter EU...

Scotland voted to REMAIN in this referendum because they want to be in Europe, which was one of the key reasons for the Scottish Referendum. With UK leaving Europe, this rationale doesn't exist anymore.... and for Scotland to remain in Europe, they have to leave the Kingdom. 

Indeed, the fact of the "deep yellow color" only points to that direction. They rather be in the big club (EU) than the small club (UK).

in the immediate to stem capital flight savings interest rates may go up, fd rates yum yum.

then from 3 months out can start check prices for the following

studying in uk
buying whiskies
tour/air ticket
houses

(24-06-2016, 04:03 PM)jjlim84 Wrote:

(24-06-2016, 03:59 PM)brattzz Wrote:

(24-06-2016, 03:40 PM)BlueKelah Wrote: david cameron just resigned, jialat liao lah UK.

wah really a historical day...

brexit contigen spreading!!! forex is the most exciting now!!

thinking whether to change some pounds

George Soros predicted 20% drop in pounds, almost there. 

But unless investing in UK Assets/stocks, I would just change as needed, never know what forex will do, so volatile. 

Economy wise, UK is still unable to balance their budget and GDP growth non-existent. Only thing left is the London property boom, now with BREXIT and new tax and measures even that will go down the longkang... 

So there is actually nothing positive for the pound in the short term next few months, until they get a new prime minister and their political situation stabilise. All the big businesses will be risk off reaction now. I just saw their Bank of England boss Carney try to reassure the country they have adequate funding, they can pump up to 250 billion pounds!!! will pounds become worth as much as toilet paper if they do that?

Many people must be at the ATM getting out their money or dumping their pounds now...

membership will get more expensive me thinks 

http://www.reuters.com/article/us-britai...SKCN0ZA0HO

Dutch anti-immigration leader Wilders calls for Dutch referendum on EU membership

[Image: ?m=02&d=20160624&t=2&i=1142642674&w=644&...XNPEC5N08G]

Dutch anti-immigration leader Geert Wilders called on Friday for a referendum on the Netherlands' membership in the European Union after Britain voted to leave the 28-member bloc.