Reply to: FTSE100 recovery

[jamesbrown]

Interestingly London House prices probably won't be affected.

Brexit to see London's housing market fueled by 'foreign money pouring in' | London Evening Standard

I wouldn't go with the Evening Standard on house price predictions

They almost certainly will be affected. Prime Central London is a market in itself, largely divorced from London as a whole. It's too early to tell, but there's some evidence that UK buyers are going to wait and see, and no amount of foreign buying in PCL will offset that. That being said, an orderly () correction in prices would be a good thing.

[jamesbrown]

The FTSE had deeper drops in Dec last year and mid Feb this year than after the result last week. Fact.

Not saying there won't be more instability but CWs assertion that saying that companies my be moving abroad as a result is not based on fact and not substantiated.

My comment was about Sterling, specifically. On that, you're completely wide of the mark. Fact.

[vetran]

"FTSE 100 breaks 6,300 and pound stabilises as hopes of stimulus banish Brexit blues" The Telegraph

Brexiter lies!

[AtW]

"FTSE 100 breaks 6,300 and pound stabilises as hopes of stimulus banish Brexit blues" The Telegraph

[saptastic]

Brexit Boom

"FTSE 100 breaks 6,300 and pound stabilises as hopes of stimulus banish Brexit blues" The Telegraph

[CretinWatcher]

Yes correct, and we still do

Taken in good form .....
Seriously though, do you not think companies that want access to the single market will think twice about investing here with years of uncertainty? The ones who are here already aren't going to go anywhere yet but they will be drawing up plans for a move to the continent if things go badly with negotiations. It will just be a slow haemorraging of jobs abroad (and the best people).
Actually I know for a fact that is happening already in the City i.e. plans are being activated that were planned long before Brexit, in the event of Brexit.

[kaiser78]

And to think we used to have an economy that allowed even cretins like you to put bread on the table.

Yes correct, and we still do

[CretinWatcher]

Don't keep falling for the propaganda - this is simply not going to happen !! Just like the stock market hasn't nosedived, the pound hasn't nosedived, house prices aren't blowning up etc etc etc

And to think we used to have an economy that allowed even cretins like you to put bread on the table.

[kaiser78]

Oh come on, I'm a Leaver, but these are not accurate statements. Sterling has taken a historic fall, given the short period since the vote. It may be stabilising temporarily, but it's going to fall much further when the shock feeds through into the real economy. No one (sensible) was saying that there wouldn't be short-term impact on markets or the real economy. The vote was for the long-term. The FTSE 100, as a whole, has always been protected to some degree because 60% of earnings are overseas, so depreciating Sterling is a boost for some companies and is effectively a shock absorber for the markets (less so for the real economy or the UK-oriented market of the FTSE 250). However, other sectors (unfortunately those that I'm heavily invested in ) are going to continue to get hammered in the coming months before they eventually recover, as the emerging status of financial passporting, consumer confidence, trade etc. becomes clearer.

The FTSE had deeper drops in Dec last year and mid Feb this year than after the result last week. Fact.

Not saying there won't be more instability but CWs assertion that saying that companies my be moving abroad as a result is not based on fact and not substantiated.

[BlasterBates]

Interestingly London House prices probably won't be affected.

Brexit to see London's housing market fueled by 'foreign money pouring in' | London Evening Standard

[jamesbrown]

the pound hasn't nosedived, house prices aren't blowning up etc etc etc

Oh come on, I'm a Leaver, but these are not accurate statements. Sterling has taken a historic fall, given the short period since the vote. It may be stabilising temporarily, but it's going to fall much further when the shock feeds through into the real economy. No one (sensible) was saying that there wouldn't be short-term impact on markets or the real economy. The vote was for the long-term. The FTSE 100, as a whole, has always been protected to some degree because 60% of earnings are overseas, so depreciating Sterling is a boost for some companies and is effectively a shock absorber for the markets (less so for the real economy or the UK-oriented market of the FTSE 250). However, other sectors (unfortunately those that I'm heavily invested in ) are going to continue to get hammered in the coming months before they eventually recover, as the emerging status of financial passporting, consumer confidence, trade etc. becomes clearer.

[kaiser78]

Well the market gyrations were never really the issue. British firms (and British people who are better educated) can and will thrive - sadly that is likely to be by moving abroad.

Perhaps you should write to the MD of this firm and tell him to "play the game" and "MTFU".

For one UK firm, Brexit vote means expansion abroad, not at home | Reuters

Don't keep falling for the propaganda - this is simply not going to happen !! Just like the stock market hasn't nosedived, the pound hasn't nosedived, house prices aren't blowning up etc etc etc

[BlasterBates]

The pound devalued by 10% after brexit, so it is an illusion to believe it's recovered. The pound will not go back to pre-Brexit levels.

The British population are 10% worse off, there will be an inflation shock, and then life will continue with everyone being slightly poorer.

As Jim Cramer said, the British population voted for a pay cut. But that's what everyone was told and that exactly what they voted for, not a big deal.

[Flashman]

Recovered to pre-BREXIT levels

The humanity!

https://www.google.co.uk/amp/s/www.e...client=safari#

BBC reporting through gritted teeth. Impartial reporting

[CretinWatcher]

...[Leave] ... disagree on some of the details ...

Thanks for the belly laugh