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Black Friday - financial crash thread


ICTChris

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This was announced a few days ago: Brexit: Singapore bank UOB suspends London property loans

 

TBF a drop in London property prices might not be such a bad thing.

 

My parents bought their house (3 bed semi, 20 minutes from Fenchurch Street by train) in 1993 for £75,000. Our next-door neighbour just sold their slightly smaller house for £400,000. The threat of a house price crash might have been the one thing that would have actually made me vote Leave.

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With all of the news of xenophobia spreading across middle England. Would foreigners really be in any hurry to move there?

 

If they're moving to London then sure. London was a comfortable Remain city.

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Interest rates coming down?

Missed Carney's speech, what did he say on base rates?

Pound will drop further is that's the case.

ETA- just read what Carney said, does indeed look likely there will be a cut.

That will further weaken the pound, which should help inward investment.

It's pretty much a waiting game now.

Really can't see this ending well medium term.

Edited by Mortar Bored
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Missed Carney's speech, what did he say on base rates?

Pound will drop further is that's the case.

Talk of a half percent drop or more QE I think.

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I'd be keen to know too. Maybe once the Chancellor's promised emergency budget arrives we'll know more.

Is that pre/post budget surplus?

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Me neither. Care to elaborate? Perhaps we (Scotland) would be better in the EU then, given how high their interest rates are just now.

Yes, yes we* would be better off in the EU.

Please tell me how "high" the interest rates are in Eurozone at the moment?

I'm guessing 8%? Given your shock reaction....

*Scotland

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