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well Osbournes attempt to calm financial markets went well pound dropped tom a new low and stockmarket had to cease trading as it was in meltdown

there ain't nothing any of them can do what is really needed is for a general election to be called or an immediate hike in BOE base rate to stabilise things. Britain is in a far worse position than anyone could have predicted as a result of the vote

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lack of modern legislation is the iceberg sinking the titanic of the transport sector

Panic i.e those who do not know what they are doing, along with opportunists who are causing temporary blips in the markets. People tend to forget that we successfully made our way for over 100 of years, without anybody holding our hand - the markets will correct themselves once the shockwaves subside from those who gambled and lost.

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if you cannot be yourself, then who can you be.

That is the last thing in the world that they can do!

Raise the base rate and you create long unemployment queues = paying out benefits of all sorts. Then you need to explain, as to how a rise and what margin, would stabilise the Stock Market?

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Common sense........is just not that Common.

The Government no longer control the Bank of England interest rates. That is now a matter for the bank it'self. Their mandate is to keep inflation below 2%.

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Grandad,

precisely inflation is linked to the pound a weak pound causes inflation because it pushes up prices so interest rates have to go up to stabilise the pound

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lack of modern legislation is the iceberg sinking the titanic of the transport sector

Pound up against the Euro
Pound up against the Dollar
Stock Markets are back to normal.

As you were.

Last week the £ was 1.5 to the $
today it is 1.34
You call that back to normal?

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Grandad,

The only way is up. The FTSE was 3% higher today.

How many % did it fall since Friday?

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Grandad,

It fell quite a bit, it was always going to fall, the money men were getting squeaky bums. It will bounce back.

When you say "bounce", how long do you think it will take to get back to the same level as last Thursday?

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Grandad,

5 years

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lack of modern legislation is the iceberg sinking the titanic of the transport sector

Of course it will, as a lot of it is purely political fear/scaremongering still going on (nothing in reality has changed). The momentum for the "Remains" is still going full pelt, being helped by television/media (government tools) who seem to seek out interviews with people who strangely would like to change their vote (given the chance ) to "In". Then you have the Sturgeon's/Jeremy Hunts of this world keeping the pot boiling, along with some Scottish guy in Brussels giving his "William Wallace" best voice. We have the Welsh Minister Carwyn Jones (Labour) & Leanne Woods (Plaid Cymru) both pushing for the "Ins", the truth being, not many have time for either of them, unfortunately this is going to roll on for quite some time! Personally I believe that a deal will be done that will not be a lot different to what we already have.

"Project Fear" is alive and kicking!

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if you cannot be yourself, then who can you be.

Its all guess work or keep your fingers crossed [normal in a casino} and it happend because Cameron the Clown got it shoved up him by his own Party , oh happy days Farage cant stop laughing.

the project NOW DESTROY THE EU COMPLETELY

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All posts by this contributor are made in a strictly personal capacity

I AM PROUD TO BE A CITIZEN NOBODY'S SUBJECT http://www.republic.org.u

F88K EM ALL WHAT GOES AROUND COMES AROUND

BOOZE BOOZE BOOZE

back up and better than before Brexit

https://www.google.co.uk/webhp?sourceid ... #q=ftse100

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Of all the things ive lost, i miss my mind the most