doomed Posted June 24, 2016 Share Posted June 24, 2016 This is probably the black swan event we all knew would eventually come. Will they raise rates to try and protect sterling? If we don't get cheaper houses on the back of this we never will. Quote Link to comment Share on other sites More sharing options...
Paul77 Posted June 24, 2016 Share Posted June 24, 2016 I think people will be scared of buying houses, at least for a while. Quote Link to comment Share on other sites More sharing options...
sPinwheel Posted June 24, 2016 Share Posted June 24, 2016 We are going to need a darker color than black for today... Quote Link to comment Share on other sites More sharing options...
Untoward Posted June 24, 2016 Share Posted June 24, 2016 Great News. Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted June 24, 2016 Share Posted June 24, 2016 Buying opportunity hopefully. Been out of equities for 3 months or so now. Quote Link to comment Share on other sites More sharing options...
Woot Posted June 24, 2016 Share Posted June 24, 2016 Thank God. And good to see the German ministers' shock! They've had an easy ride for too long. Quote Link to comment Share on other sites More sharing options...
PalmerEldritch Posted June 24, 2016 Share Posted June 24, 2016 Anyone who hadn't completed by this morning will be in a very bad place. Chains all across London and the SE will likely collapse over the next week as buyers get cold feet or demand deductions. Bring it on. Quote Link to comment Share on other sites More sharing options...
Deft Posted June 24, 2016 Share Posted June 24, 2016 Moved my pension fund out of all UK exposure two weeks ago. Phew. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted June 24, 2016 Share Posted June 24, 2016 Long USD from 1.49. Quote Link to comment Share on other sites More sharing options...
stepho Posted June 24, 2016 Share Posted June 24, 2016 Any Lehmans out there? Deutsche Bank wasn't looking too rosy in recent months Quote Link to comment Share on other sites More sharing options...
council dweller Posted June 24, 2016 Share Posted June 24, 2016 Yes Deatsche bank and those Italian banks. Quote Link to comment Share on other sites More sharing options...
200p Posted June 24, 2016 Share Posted June 24, 2016 (edited) 1.40 is the long term support, will it hold over the coming days? I know it's about 1.36, but we're going to get a lot of noise today. If we get to about $1.2 then that would be a significant number. Fundamentals don't always reflect price, so I have an open mind that the rate might not change, or that the pound would actually be higher. Stranger things have happened. This is a super long term chart Edited June 24, 2016 by 200p Quote Link to comment Share on other sites More sharing options...
shindigger Posted June 24, 2016 Share Posted June 24, 2016 S+P may have to downgrade credit rating. Quote Link to comment Share on other sites More sharing options...
spyguy Posted June 24, 2016 Share Posted June 24, 2016 They had that idiot Neil Hamilton i ntheR4 this morning. Talking about trade and stuff. Apparently, we are in a strong bargaining place as the UK is running a 7% current account deficit. Quote Link to comment Share on other sites More sharing options...
Shrink Proof Posted June 24, 2016 Share Posted June 24, 2016 S+P may WILL have to downgrade credit rating. Fixed that for you. Quote Link to comment Share on other sites More sharing options...
InlikeFlynn Posted June 24, 2016 Share Posted June 24, 2016 My ignorant guess is that today will be a day of huge market movements - I wouldn't be surprised if Carney raises IRs to support the pound but it's probably unlikely. It feels very like the day back in the early nineties that the UK bounced out of the ERM. I remember watching it unfold on telly as an angry young man (now I'm a grumpy middle-aged one!). That day brought on a huge correction in residential property prices. I bought my first flat in 1995. UK equities to take a pounding - possible trigger for a worldwide sell off? Some immediate increases in fuel and food prices, although these may well ease as things settle down. If we don't get cheaper houses on the back of this we never will. This. It may take a while. If it enables a whole generation to buy houses at a fair price then some good will come... Quote Link to comment Share on other sites More sharing options...
spyguy Posted June 24, 2016 Share Posted June 24, 2016 My ignorant guess is that today will be a day of huge market movements - I wouldn't be surprised if Carney raises IRs to support the pound but it's probably unlikely. It feels very like the day back in the early nineties that the UK bounced out of the ERM. I remember watching it unfold on telly as an angry young man (now I'm a grumpy middle-aged one!). That day brought on a huge correction in residential property prices. I bought my first flat in 1995. UK equities to take a pounding - possible trigger for a worldwide sell off? Some immediate increases in fuel and food prices, although these may well ease as things settle down. This. It may take a while. If it enables a whole generation to buy houses at a fair price then some good will come... Well, he cannot support the pound by cutting IRs. Oh dear, thats the problem with Qe. No ammo left for the next slowdown. We have a bisness cycle of 5-8years long. If you're tempted by QE then it should be for no more than 2 years. After 2 years the problems are not high IRs its the economy stupid! Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted June 24, 2016 Share Posted June 24, 2016 I expect my SIPP to drop around £20K today but will be looking to buy, buy, buy. A good chance to pick up some divi paying stocks at a discount. Quote Link to comment Share on other sites More sharing options...
shindigger Posted June 24, 2016 Share Posted June 24, 2016 I expect my SIPP to drop around £20K today but will be looking to buy, buy, buy. A good chance to pick up some divi paying stocks at a discount. Nudge nudge.... what you buying squire......? Quote Link to comment Share on other sites More sharing options...
Venger Posted June 24, 2016 Share Posted June 24, 2016 My Sipp trading account is all over the place. Showing me as having massive gainz on some holdings, which are definitely errors on their side, against UK and Euro markets yet to react. Quote Link to comment Share on other sites More sharing options...
streamingfreedom Posted June 24, 2016 Share Posted June 24, 2016 FTSE down 7.5% Quote Link to comment Share on other sites More sharing options...
shindigger Posted June 24, 2016 Share Posted June 24, 2016 8.4% Quote Link to comment Share on other sites More sharing options...
shindigger Posted June 24, 2016 Share Posted June 24, 2016 Bouncing back. Quote Link to comment Share on other sites More sharing options...
Venger Posted June 24, 2016 Share Posted June 24, 2016 Can't log into my Sipp account any more... times out. Please note there is currently very limited electronic trading available on the London Stock Exchange and it is unlikely quotes will be returned for online dealing, please call our Dealing Services Team and separately my ISA Stocks n Shares account also not offering proper prices. Only 'at best' orders possible, without a price. Quote Link to comment Share on other sites More sharing options...
libspero Posted June 24, 2016 Share Posted June 24, 2016 Banks seem to be taking the biggest beating.. Quote Link to comment Share on other sites More sharing options...
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