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Please some more respect to History a lot of traders look all day long in Charts !
Rule no 1
“THERE IS NOTHING NEW IN WALL STREET. THERE CAN’T BE BECAUSE SPECULATION IS AS OLD AS THE HILLS. WHATEVER HAPPENS IN THE STOCK MARKET TODAY HAS HAPPENED BEFORE AND WILL HAPPEN AGAIN.”
Not sure what is history to you or the rest of your post, but True Finns are bunch of weirdos to say at least. Anyway the thread is about Brexit, cheers.
LONDON (Reuters) - The United Kingdom has lost 6.6 billion pounds in economic activity every quarter since it voted to leave the European Union, according to S&P Global Ratings, the latest company to estimate the damage from Brexit.
In a report published on Thursday, the ratings agency’s senior economist, Boris Glass, said the world’s fifth-biggest economy would have been about 3 percent larger by the end of 2018 if the country had not voted in a June 2016 referendum to leave the EU.
Quarterly growth rates would have averaged about 0.7 percent, rather than 0.43 percent, he said.
“Immediately after the referendum, the pound fell by about 18 percent. This was the single most pertinent indicator of the impact of the vote and the drag it created, via inflation, has been spreading through the economy,” he said.
As imports became more expensive, inflation started to rise, curbing household spending. S&P estimated inflation was 1.8 percent higher than it would otherwise have been by the third quarter 2017.