Posted on 06/24/2016 2:36:50 PM PDT by Berlin_Freeper
FRANCE has overtaken the UK as the worlds fifth largest economy after the pound plunged to a 31-year low, with the vote to leave the EU reverberating across the world's financial markets.
In news that will be welcomed in Paris' financial sector, economists say Britain has dropped into sixth place in the wake of a vote for Brexit.
The development will ring alarm bells in the City, coming after ratings agency Standard and Poor's warned it would likely downgrade the country's triple A rating.
(Excerpt) Read more at express.co.uk ...
Shouldn’t that make Brittish products cheaper on the world market?
What can we folks do to help out our Brit friends over this short period of instability that is making our liberal betters gloat?
We will continue to see the UK economy to plummet.
It’s a good time to be an American tourist in London. More £ for your $.
Soros playing his little currency manipulation games, like the ones he was convicted of once before.
Stay strong, Britain! The globalists will do anything to “teach you a lesson” for putting your nation above the Cheap Labor Express.
Yes. For all the right people:
>>Soros playing his little currency manipulation games, like the ones he was convicted of once before.
He needs a .30 caliber vent hole in his forehead.
Some say he’s done very well and that he shorted the pound. There’s one old man who I hope meets his maker very soon.
Soros does not have the leverage to take the pound down by 10%.
Just a temporary shake up, nothing to fall outta your chair about.
Pure BS!
The MSMs in Europe and the US will jump on any opportunity to portray the Brexit decision as a disaster for the UK. One day of volatility in financial markets means nothing and was to be expected. The decision can only be really evaluated after a few years have passed.
Let’s see: a temporary drop in economic stature, or Paris-style muslim terrorism on British soil?
No brainer.
Priorities.
Go Brexit!
Down with the Globalists!
Piss on Merkel!
Not really. If Britain has to import raw materials, they will have to pay more for them and then turn around and charge more for the finished product.
The Globalists will begin the propaganda campaign in earnest now.
The FTSE lost 3% on the day- the CAC lost 8%.
Looks to me like Britain cam e out the winner on that.
A “cheap” currency is not necessarily all bad news, particularly for export-based economies. There’s a reason that there have been having competitive currency devaluations for years. Will it hurt with cost of imported goods? Yes, it will. But, it will make domestic alternatives more competitive and lead to more domestic sources arising.
Really?
Don’t these fools know that GDP and GNP are calculated annually?
The Express is a leftie rag printing ludicrous, hair-on-fire headlines. Don’t be fooled.
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