Based on the latest referendum voting results, according to ITV, there is now an 80% chance that the Brexit LEAVE will win in Great Britain.
It will come down to the wire though.
UPDATE 1
Latest results:
Leave 51.1% 6,076,476
Remain 48.9% 5,819,095
UPDATE 2
Early global stock market reaction to Brexit:
BLOOMBERG: U.K., U.S. STOCK INDEX FUTURES DROP AMID BREXIT VOTE COUNT - FTSE 100 -7.4%, S&P 500 -3.5%, Dow -3%, Nasdaq 100 -3.6%
We are ready for this at the EPJ Daily Alert, have been plotting scenarios for the last couple of days. Bring it on!
UPDATE 3
British pound down 8.5% against US dollar (at 11:07 PM ET)
UPDATE 4
British pound is now down 11% (11:30 PM ET)
UPDATE 5
ITV predicts LEAVE win!
UPDATE 6
RW note:
Backroom globalism is now out in Britain, but will it be replaced with greater free trade or greater protectionism?
What hath this day deserved ? what hath it done,
That it in golden letters should be set
Among the high tides in the calendar ?
- King John: A Tragedy
by William Shakespeare
I am surprised. I figured that it was close enough for cheating to push 'remain' over the top by a tiny margin.
ReplyDeleteCheating in a paper ballot election is harder than in electronic ones. So they could cheat only enough to add a few points. It may very well be that the vote was truly 55 to 45 for Leave and cheating by 2 or points was not enough.
DeleteTime to buy British Pounds.
ReplyDeleteWhile this is a small victory for free people, overall it still looks bleak. Markets tank, the pound falls, real estate is predicted to fall. Why? And why will it take "at least 2 years" for the disentanglement to be complete? There are only two explanations and both are awful: one, Britains actually believe EU functions are critical (sad) and two, British politicians want more power. Also, 5 years from now, no matter what happens in Britain Paul Krugman will be saying "I told you so".
ReplyDelete