The official Brexit DOOM™ thread

[AtW]

City bets on pound to suffer bigger plunge than "Black Wednesday" after Brexit vote*

"Sterling is expected to drop to €1.05 to €1.20 on the day after a vote for Brexit, sliding towards parity with the common currency for the first time in its history."

[jamesbrown]

The bounce on Bremain will also be doom, depending on your perspective. However, the upside is probably 5-10% max, whereas the downside is probably 10-30%. The downside will take a while to feed through into inflation though - perhaps a year - so, unless it persists, it's largely irrelevant (good, even).

[The_Equalizer]

City bets on pound to suffer bigger plunge than "Black Wednesday" after Brexit vote*

"Sterling is expected to drop to €1.05 to €1.20 on the day after a vote for Brexit, sliding towards parity with the common currency for the first time in its history."

Although Sterling was nearly at parity during late 2008. It's not as if movement either way doesn't have pros and cons.

[ctdctd]

Although Sterling was nearly at parity during late 2008. It's not as if movement either way doesn't have pros and cons.

Indeed, it was down to 1.02 or thereabouts and the world didn't come to an end.

I have a one euro coin in my war chest so if it does happen - BOOMED, not DOOMED

[BrilloPad]

City bets on pound to suffer bigger plunge than "Black Wednesday" after Brexit vote*

"Sterling is expected to drop to €1.05 to €1.20 on the day after a vote for Brexit, sliding towards parity with the common currency for the first time in its history."

I hope it will plunge alot further than that. Most countries are trying to make their currency weaker.

[VectraMan]

I hope it will plunge alot further than that. Most countries are trying to make their currency weaker.

Zimbabwe is booming.

[shaunbhoy]

EU referendum: Campaigns resume with new warning - BBC News

Oh no.........Gidiot says "the hit to the economy might be worse than forecast". So yet another flawed forecast then? What a trumpet!!

And this coming amidst suggestions that the last few days of campaigning should be focusing on the positives.

[PurpleGorilla]

EU referendum: Campaigns resume with new warning - BBC News

Oh no.........Gidiot says "the hit to the economy might be worse than forecast". So yet another flawed forecast then? What a trumpet!!

And this coming amidst suggestions that the last few days of campaigning should be focusing on the positives.

[original PM]

So currently at 1.27 so could drop by as little as 7 or as much as 22.

Or something else.

Interesting and yet largely irrelevant.

[SantaClaus]

There is absolutely no way the powers that be will allow a Brexit.

Even if our manipulated media cannot persuade everyone to vote Bremain by Thursday, the vote will be rigged.

Mock all you want, but come back to this thread on Friday and we'lll compare notes