Yeah, the statement was, but didn’t know about the later press conference at 11.00am, could cause more pound wobble.
FTSE100 has returned below 6500, thus within a twelve-month range (6000 - 6500)… Quite a small step, but significant at thr same time, coming less than 48 hrs. after price forayed up to 6600.
Been watching Carney’s presser, still ongoing…
Ftse100 rallying back to 6550…
Don’t think I’d buy it all the same.
I see he did the capital re-think on the banks.
This is the rub - the FPC are expressing concern over “the high level of UK household indebtedness [and] the vulnerability to higher unemployment and borrowing costs”, on the other hand Mr Carney states:
“It means that three-quarters of UK banks, accounting for 90% of the stock of UK lending, will immediately, immediately have greater flexibility to supply credit to UK households and firms”
The experience of 2008 will cause many managers to go cautiously, especially in times of uncertainty.
Interesting summary of various EU attitudes to Brexit by Katya Adler on BBC News:
[I]“Crisis or no crisis, you can count on European politicians to unfailingly take their cherished August holiday. This year, Mrs Merkel hopes it will serve as a cooling-off period for the resentful, fizzing with outrage at “ungrateful UK” (like Spain); the vengeful, itching to make life miserable for a post-Brexit Britain (like France); the panicked, worrying about the imminent demise of the rest of the EU (such as Italy); and the media divas/politicians without real influence (such as the president of the European Parliament or the foreign ministers of various countries including Germany) who hog the headlines, making unhelpful waves.”[/I]
No one knows where we are going until we get there…
the sad thing is that the average person will, in 15 years again- as today. see that some things are not running as they (the average person) would like it to.
and in 15 years noone will remember the brexit.
in 15 years noone will say “it was our fault because we made a very stupid decition 15 years ago.”
in 15 years there will be another farage and start blaming immigrants for the economical and political difficulties the country is going through since 10-15 years.
and the cicle begins/starts from the beginning again.
because- its human nature to blame others instead of seeing someones own mistakes.
after all: who wants to be blamed? noone likes to be blamed. its easier to blane people who can not “argue back” because they have no voters rights and therefore can not interfer with the blamers desire to become voted by the public.
By next week we could have a new Prime Minister:
Conservative leadership race: First round of voting under way - BBC News
Voting behind closed doors has begun today for Tory leadership (and prime ministership)…
rick roll
The shockwave from the Brexit vote now reverberates through Europe. The dismay felt by so many in the UK is shared on the continent. Some of you reached out to us before the referendum, asking us to stay and stressing our common interests. Now it is our turn to appeal to you. Rebuffed by the result, and alienated by the crude triumphalism of Nigel Farage and other leavers, you may consider any request an impertinence. Your citizens have been among those targeted by the xenophobia unleashed. Continental Europeans may feel we do not deserve an audience.
Almost half of those who voted sought to continue our membership. The Guardian was one of the most determined voices on this side of the divide. But we, like the rest of the 48%, must now respect the verdict that we dreaded. You assumed that British pragmatism would triumph. We share your shock and anxiety. Tempted as you are, don’t write us off entirely. Many Britons seek the closest possible partnership with the European Union, and it is more urgent than ever to continue cooperation through every viable means.
Some of you are angry. Britain was already seen as an unwilling partner, dragging our feet and demanding endless concessions. Many more now see us as a wrecker, too: gambling with a fragile European economy; imperilling an institution created to safeguard peace. Others feel pity or contempt for a nation that backed Brexit on a series of fantasies and lies, already retracted, or schadenfreude as the cost of the folly becomes evident. You may wish to punish us, or simply tell us: good riddance. Britain should not expect special treatment. Nonetheless, at this precarious moment, we ask you to pause – in all our interests.
Above all, we need time. Britain voted against membership; we did not vote for an alternative. The public has not fully confronted the choice it faces between turning its back on the single market, or accepting continued EU migration in whatever form. For sure, make it clear to Brexiters that they cannot have the rights that come with the EU without the obligations. Spelling out Britain’s choices may help us to be more realistic. The country has decided against continuing down the same path, but our new route and eventual destination are unclear. There is a great deal to think through, and further decisions to make. They could involve parliament, perhaps even a general election. You hope for certainty and stability, but pressing too hard for the invocation of article 50 could force us to rush into choices that you may also regret. While Britain chooses a captain for turbulent waters, you will be preoccupied with your own decisions, cast into starker relief by the referendum vote. The UK no longer has the right to express any preference as you determine “how much” and what kind of Europe you want.
Seeking to punish us to prevent further exits is an understandable urge. The right policy will be that which prevents Britain’s exit becoming a ruinous catalyst. Across Europe, there is disengagement from mainstream politics, anger towards the elite and a hunt for foreign scapegoats, and in many places these have coalesced into anti-EU sentiment. We shared your alarm as Marine Le Pen’s Front National and other far right parties celebrated the British decision.
Large numbers of people feel ignored and ill-used, with little sense that they are benefiting from integration. In the UK, lies about straight bananas and exaggerations about the EU’s opacity fuelled feeling against the institution, compounding a sense that the political classes are out of touch with ordinary life and have often put profits before people.
The UK must establish new bonds at home without turning its gaze entirely inwards. Let us continue to work with you wherever we can. We don’t expect to take the lead or make the rules; we can still offer expertise, resources and intelligence in areas such as security. Cooperation between our citizens – cultural collaborations, academic exchanges – in the long run does most to bring Europe closer, and will be more crucial than ever. Remember that younger Britons who voted were overwhelmingly pro-European, and help us to nurture that spirit and the opportunities it may one day present.
Britain, once outside the EU, cannot and should not expect a swift return. It would be politically dangerous at home; it would require generosity on your part. But those facing Brexit with reluctance hope that one day we may rejoin the club. Please, bid goodbye in sorrow, not anger; and for all our sakes, do not bolt the door.
There is a real undercurrent of pure, real and ugly xenophobia here in the Brexit camp on one hand, and on the other hand; acquired xenophobia from some predominantly in the working class community in Britain as a proxy for venting their frustrations at their disenfranchisement from social mobility and the economic spoils of globalisation.
Some people have never voted in their lives, but came out in numbers to protest vote for Brexit. And it would easy to dismiss some of the Brexiters not all, as cranks and uninformed little Englanders, much like it might have been easy to dismiss the genuine pains of German working class nationalist in the early thirties.
If you are Bremain, I think we need to prick our ears and listen carefully to and address their concerns.
Theresa May confirmed as first choice for Tory leadership; second round tomorrow.
Liam Fox’s “attempt” was quite entertaining. He was first out, with only 16 votes, and then immediately announced that he supported the leader and would actively campaign for her throughout the rest of the process. How’s that for a public way of saying “I’d like my old job as Secretary of State for Defense back, please?”? And the week of the long-awaited publication of the Chilcot Report might not be a bad time to ask for it, either … 
What a week, indeed:
the backers of Brexit, Farage and Johnson, are out;
the Prime Minister who had started the whole Brexit campaign is out;
the former PM has been shown to be a lying warmonger;
the British public has voted out of the EU.
If none of the above sets the tone for a no-confidence vote in doing business in Britain,
I do not know what will.
:S
Why voted in the first place, after Brexit (can’t we have a better name, by the way) the country become deeply divided, racist hate crimes increase and will be a ‘‘ongoing issue’’, the list can go on…
funny thing is…
brexit strenghthening EU in the public of the member-stares who were most prone towards an exit.
oups. picture $ucks. im too lazy to correct it. just turn your head towards left.
brexit explained
It sounds like a bad case of…
(backfiring)
Haha, yes, funny! I saw that posted earlier today on Facebook…
Brilliant…
I often wondered what the point was of calling it
“The united kingdom of Great Britain and Northern Ireland”,
since then on EVERY FINANCIAL, ADMINISTRATIVE, ELECTORAL, POLITICAL, RETAIL (etc.)
drop-down menu there is always a mix-up on whether to use Great Britain or United Kingdom;
then, there is the whole listing of separate ‘countries’ within the UK…
So, if England and Scotland are countries, is the UK not a country? Maybe it should be called
a Confederation of Countries, or a Queendom of Allied States, or some other made-up name.
Then there is the frequent assumption that ‘Britain’ means ‘England’, so that the people from
Scotland then get upset; except when the Scots win at anything they raise the Scottish flag
and they are without country, as Britain is a country, and turn away from one nationality
(British) in favour of another (Scottish) for the duration of the match/contest/parade/etc.
Any space-grown alien landing in the middle of this would think that the Brits should seriously
rethink their branding, if anything to appear more ‘united’ in the event of an alien invasion
haha
didnt you get the notice? 52% have problems with “union/s”