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Brexit shock - France 'overtakes UK as world’s fifth largest economy' after pound plunges
express ^ | June 24, 2016 | Tom Batchelor

Posted on 06/24/2016 2:36:50 PM PDT by Berlin_Freeper

FRANCE has overtaken the UK as the world’s 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 ...


TOPICS: United Kingdom
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1 posted on 06/24/2016 2:36:50 PM PDT by Berlin_Freeper
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To: Berlin_Freeper

Shouldn’t that make Brittish products cheaper on the world market?


2 posted on 06/24/2016 2:39:08 PM PDT by Parmy (II don't know how to past the images.)
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To: Berlin_Freeper
Oh, come on! One day and it's Armageddon?

What can we folks do to help out our Brit friends over this short period of instability that is making our liberal betters gloat?

3 posted on 06/24/2016 2:39:10 PM PDT by miss marmelstein (Richard the Third: With my own people alone I should like to drive away the Muslims)
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To: Berlin_Freeper
No surprise there.

We will continue to see the UK economy to plummet.

4 posted on 06/24/2016 2:39:46 PM PDT by Timpanagos1
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To: Berlin_Freeper

It’s a good time to be an American tourist in London. More £ for your $.


5 posted on 06/24/2016 2:40:39 PM PDT by TADSLOS
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To: Berlin_Freeper

Soros playing his little currency manipulation games, like the ones he was convicted of once before.


6 posted on 06/24/2016 2:40:43 PM PDT by E. Pluribus Unum (If the Orlando terrorist doesnÂ’t represent all Muslims, why does he represent all gun-owners?)
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To: Berlin_Freeper

Stay strong, Britain! The globalists will do anything to “teach you a lesson” for putting your nation above the Cheap Labor Express.


7 posted on 06/24/2016 2:41:40 PM PDT by Bryanw92 (If we had some ham, we could have ham and eggs, if we had some eggs.)
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To: miss marmelstein
.. Oh, come on! One day and it's Armageddon? ..

Yes. For all the right people:


8 posted on 06/24/2016 2:41:59 PM PDT by Byron_the_Aussie (We cannot allow Hillary Clinton to become the next Angela Merkel)
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To: E. Pluribus Unum

>>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.


9 posted on 06/24/2016 2:42:28 PM PDT by Bryanw92 (If we had some ham, we could have ham and eggs, if we had some eggs.)
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To: Byron_the_Aussie

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.


10 posted on 06/24/2016 2:43:28 PM PDT by miss marmelstein (Richard the Third: With my own people alone I should like to drive away the Muslims)
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To: E. Pluribus Unum

Soros does not have the leverage to take the pound down by 10%.


11 posted on 06/24/2016 2:43:35 PM PDT by Timpanagos1
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To: Berlin_Freeper

Just a temporary shake up, nothing to fall outta your chair about.


12 posted on 06/24/2016 2:44:22 PM PDT by lee martell
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To: Berlin_Freeper

Pure BS!


13 posted on 06/24/2016 2:44:50 PM PDT by Cowboy Bob
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To: Berlin_Freeper

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.


14 posted on 06/24/2016 2:44:52 PM PDT by Will88
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To: Berlin_Freeper

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!


15 posted on 06/24/2016 2:44:53 PM PDT by Vision Thing (Vote Trump!)
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To: Parmy

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.


16 posted on 06/24/2016 2:46:05 PM PDT by Blood of Tyrants (Socialism is always just one or a thousand or a million more murders away from utopia.)
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To: Berlin_Freeper

The Globalists will begin the propaganda campaign in earnest now.


17 posted on 06/24/2016 2:46:52 PM PDT by headstamp 2 (Fear is the mind killer.)
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To: Berlin_Freeper

The FTSE lost 3% on the day- the CAC lost 8%.
Looks to me like Britain cam e out the winner on that.


18 posted on 06/24/2016 2:47:14 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: Berlin_Freeper

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.


19 posted on 06/24/2016 2:47:55 PM PDT by RegulatorCountry
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To: Berlin_Freeper

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.


20 posted on 06/24/2016 2:47:58 PM PDT by agere_contra (Hamas has dug miles of tunnels - but no bomb-shelters.)
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