The pound is crashing !!!

[adrianna22]

They are now saying....

£1 = £1.23-- gone down by 5.76%

£1= $1,38-- gone down by 7.55%

[PreAdvent13610]

Expected consequence.
Unlike the rest of the world's currencies, there is no reason to believe the pound will recover long term. Unless George Osborne is planning on creating the world's largest tax haven.

[EveOnline2016]

It was going to happen. The pound is still stronger but it has weakened slightly

[IcaMorgan]

The pound has been £1=€1.21 to €1.25 all year (jumped to €1.28 in May) so if it's €1.23 now then it's in the same range as it has been

[Kimononono]

It fluctuates all the time, don't panic it will come back up

[Lighteningirll]

It's the same as it was four weeks ago

[ThenLaterWhenItGotDark]

Have you only just noticed? It hit its lowest ever of 1,20 euro this morning. It's picked up slightly since then.

What exactly did people think was going to happen when a country votes almost 60% of its trade partners/agreements as no longer wanted?

[ThePinkOcelot]

The £ has been like for like with the € in the past, surprise surprise even in the EU. Calm your titties!!

[branofthemist]

And it was artificially inflated last night. Bet a lot of people made a lot of money last night before out won. It happens. The sky isn't falling

[Togaparties]

Have you only just noticed? It hit its lowest ever of 1,20 euro this morning

Utter nonsense. It was close to parity in 2009. More uninformed scaremongering BS.

[PrincessIrene]

Both the pound and the FTSE were artficially inflated in the run up to this. They have both now SETTLED to last weeks levels. Within 24 hours. I'm fairly sure that sky is still up there chicken licken!

[whatamidoinghereanyway]

Have you only just noticed
I'm sure it will stabilise.

[Hulababy]

Its against the $ which seems strongest hit.
The euro seems to have stabilised.

[sunnydayinmay]

Friend of mine lost a load last night! Gambled the wrong way.

[RortyCrankle]

Get your 'End of the World' sandwich boards here!! Oh wait a minute - strike that, panic over.

[mrsfuzzy]

bank of england is in a far better position than it was in 2007, we are in a stronger place to deal with the financial angle, everything will settle.

[PreAdvent13610]

The Bank of England spent £150 billion today supporting the pound, how the fuck is that a strong position?

[GiddyOnZackHunt]

It looks particularly bad because it was artificially high prompted by the money markets gambling on Remain. The massive drop from there reflects the scramble of the financiers to reverse that position.
It's now low but it is reactive not predictive. The DAX has fallen over worries about German exports to the UK. It really is too early to panic.

[CoolCarrie]

Keep Calm and Carry On!

[mouldycheesefan]

The £150 billion Bank of England prop up seems to be some kind of magic money that nobody actually has to pay for so it doesn't matter! According to those in favour of brexit! No cost to the exit my arse. Day one and it's already a disaster.

[QueenLaBeefah]

If the £ plummets it makes our exports cheap and is good for British tourism.

[snowy508601]

don't be silly! this is people selling their pounds short term hoping to buy them back cheaper in a few hours or days! That is how the markets work.
Just been looking at the exchange rates of the early 70s before we joined the EU or the EEC as it was then I think - you got nearly 2$ to a £

[Kennington]

Yep more people will buy our exports now and come shopping here so not all bad!

[Ailicece]

Of course it is! And it won't go back up again anytime soon, only further down.

Hello inflation, increased prices, more austerity... But yay, we have "control" back, right?

[JudyCoolibar]

Wow. I hear the sound of an awful lot of people clapping their hands to their ears and loudly singing la la la to avoid having to acknowledge the truth.

[WordGetsAround]

It goes up. It goes down. It goes up again.