Remain voters who have changed their minds

[Thefuturecouldbebright]

Ok, I expect to get pulled apart like brisket here, but... I havent seen anyone raise this question yet.

Is there anyone here, who voted remain, who has now changed their stance in the other direction? Especially now given the petulant tit for tat behaviour of the EU dictator otherwise known as Juncker? (Among others)

I am not asking to go round in circles talking about the falling pound/markets etc, as that has been done to death, I am just generally interested to see if anyone has swung the other way.

Isn't it just far too soon to say? The one completely predictable thing was economic uncertainty. The unpredictable thing was how our politicians are behaving. In time I fully expect economic recovery and political stability. It has only been a week!!

Caitlin

The FTSE100 dumped 8.7% post-Brexit and has since rallied 13.8% to hit a ten month high and had its strongest week since 2011.

Even the domestically focused FTSE250 (ie, less influenced by the weaker pound) has rallied 10% from its low.

Interest rates will be cut 0.25% in Jul or Aug and 0.5% by the end of the year making mortgages cheaper obviously while ridiculously overpriced London house prices will lose some ground. Houses cost less and mortgages cost less - win win.

Your holidays will cost more though.

Its not quite as black and white as some like to make out.

....but remember the currency has tanked! This makes UK house prices much cheaper for international investors - prices could therefore rise but economic prospects worsen, meaning lose lose for British people who are buying in £.

Inflation will go up - weaker pound and QE. I'd guess that's what most ordinary people will notice first, other than holidaymakers with the exchange rate, and people just about to take their pensions stuffed by record low annuity rates on the one hand and low interest rates on the other. (and no, they don't deserve it even if they did vote out and many of them didn't)

Petrol will rise....plus how much British produce do you see in the shops? Weaker pound means you probably notice it in your weekly shop etc as well.

Natalia

The Evening Standard already reporting London sellers are slashing prices.....

Although a lot of that article is scaremongering as usual.

HelpfulChap ES is talking in sterling, though - lot of investors in London property are foreign ( though I'll grant you - it tends to be luxury flat developments rather than a semi in Deptford!). Just saying it's a factor. People always forget the currency impact of these things. London property only looks like it's performed so well over the past few years because the pound has been systematically devalued. Doesn't affect you as a British investor, so you feel as though you have made money. Just saying falling prices in sterling combined with an utterly crapped out currency could make the market look a steal for the international investor, which would put the domestic buyer at a massive disadvantage. But - hey - if I was that good at predicting this stuff, I'd be a lot richer than I am, if you know what I mean!!

"The FTSE100 dumped 8.7% post-Brexit and has since rallied 13.8% to hit a ten month high and had its strongest week since 2011. Even the domestically focused FTSE250 (ie, less influenced by the weaker pound) has rallied 10% from its low."

That would be because Bank of England injected £3.1 billion into the market. Government bond (Gilt) rates are under 0.8% - i.e. practically zero. So the market is awash with cash that has nowhere else to go but the stock market.

Who knows what we call liquidity-induced rallies in the stock market, caused by too much cash floating around looking to be invested somewhere?