[Oldmanmatt]

Some of this commentary is just fucking hilarious. If it wasn't so serious, or if I wasn't under the rule of these wankers; I'd be pissing myself with laughter:

http://www.theguardian.com/politics/2016/jun/26/ids-goes-off-message-brexit-labour-tears-itself-apart


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[BrutusTheBear]

[/quote]

Sorry BtB - but hearing that description from you is really, really depressing.

Its divisive and very much - not inclusive.

With views like this do you not think YOU are tearing the party apart? Where are your socialist values of inclusivity and fairness? Of treating people equally?

Whatever’s the case, the Labour party needs to get real about JC and find a non Blairite with a bit of charisma, who can speak to his party and to ordinary people. The whole Corbyn v Blairite clone thing is a false dichotomy.

^^ this.
[/quote]

No need to be sorry.  It is divisive and depressing.  Socialism is also about the fair distribution of wealth, social justice, equality etc..  So sure be inclusive include others but include others that don't represent the core values of the political party in order to get elected?  Here is where the problem starts for me.  What is 'tearing the party apart' is the opposing core values of factions in the PLP.  I am not sure that this can be resolved.  Fact is that some Labour MP's core values would sit quite comfortably in with the Cons. 

I am not a member of the Labour Party, I have no vested interest other than wanting a fairer more equal society.  That makes me a leftward leaning individual and currently the people in charge of political parties that most represent my views are JC and NB. My wish is for a credible opposition that represents my want for fairer more equal society. How does that make an individual like me responsible for the instability of a political party?

[Will Hunt]

Mr Watson has propped up the sword for Mr Corbyn.

http://www.bbc.co.uk/news/uk-politics-eu-referendum-36638041http://www.bbc.co.uk/news/uk-politics-eu-referendum-36638041

 

[Duma]

4.5%...

[seankenny]

No need to be sorry.  It is divisive and depressing.  Socialism is also about the fair distribution of wealth, social justice, equality etc..  So sure be inclusive include others but include others that don't represent the core values of the political party in order to get elected? 

So if you don't support the Sainted Dishcloth you against the core values of the Labour Party? What patronising piddle. All those people who fought for the minimum wage, tax credits, better welfare for pensioners, new school buildings, early years education, gay rights, etc etc etc are somehow against what the Labour Party stands for?

Whilst the only possibly leader who marches under the one true banner of the Labour Party is a man who never created anything, never pushed difficult measures through, who voted with the Conservatives and against his own party, and who supported - and still supports - violent Irish republican movements, clerical thugs in Iran and the gangster regime of Mr Putin?

Well, I suppose that is one reading of the situation.

[Duma]

https://next.ft.com/content/43301043-af1f-3c20-9c25-53328ec2668b
FT commentary from earlier when it was 3% down.

[tomtom]

No need to be sorry.  It is divisive and depressing.  Socialism is also about the fair distribution of wealth, social justice, equality etc..  So sure be inclusive include others but include others that don't represent the core values of the political party in order to get elected? 

So if you don't support the Sainted Dishcloth you against the core values of the Labour Party? What patronising piddle. All those people who fought for the minimum wage, tax credits, better welfare for pensioners, new school buildings, early years education, gay rights, etc etc etc are somehow against what the Labour Party stands for?

Whilst the only possibly leader who marches under the one true banner of the Labour Party is a man who never created anything, never pushed difficult measures through, who voted with the Conservatives and against his own party, and who supported - and still supports - violent Irish republican movements, clerical thugs in Iran and the gangster regime of Mr Putin?

Well, I suppose that is one reading of the situation.

And who may well have voted leave... (Chris Bryant is said to have asked Corbyn how be voted and he refused to reply)
https://twitter.com/nickeardleybbc/status/747372097777827840?ref_src=twsrc%5Etfw

[Oldmanmatt]

https://next.ft.com/content/43301043-af1f-3c20-9c25-53328ec2668b
FT commentary from earlier when it was 3% down.

The FT is usually paywalled. Any chance of a cut n' paste?


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[tomtom]

If you want some live figures/prices this seems to work
http://www.livecharts.co.uk/ForexCharts/gbpusd.php

[Schnell]

And who may well have voted leave... (Chris Bryant is said to have asked Corbyn how be voted and he refused to reply)
https://twitter.com/nickeardleybbc/status/747372097777827840?ref_src=twsrc%5Etfw
[/quote]

A mealy-mouthed response.

[Duma]

https://next.ft.com/content/43301043-af1f-3c20-9c25-53328ec2668b
FT commentary from earlier when it was 3% down.

The FT is usually paywalled. Any chance of a cut n' paste?


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Sorry, not very exciting, mostly worthwhile for the explanation of why the 250 is better than 100 for an indication of UK economy.

Britain’s domestic-focused FTSE 250 index is continuing its declines on Monday, falling nearly 3 per cent and outstripping falls on the benchmark FTSE 100.

The bluechip FTSE 250 is down to 155724 – a 3.2 per cent fall at pixel time – having declined 7 per cent on Friday. Dominated by UK-based stocks, the index has been hit far harder than the FTSE 100 which closed down 3.2 per cent in the first day of trading after the UK’s EU referendum vote.

Britain’s main index, whose constituents generate a large proportion of their earnings overseas and thus benefit from the post-Brexit fall in sterling, is down 1.3 per cent at pixel time, tumbling further after opening 0.8 per cent in the red.

Challenger bank Shawbrook was among the biggest fallers on the FTSE 250, down 14.7 per cent, with housebuilder Redrow down 12 per cent. Materials company Morgan Advanced led the declines, with a 15 per cent loss this morning.

(over 5% down now, may test 15000 before close)

[Duma]

https://www.google.co.uk/url?sa=t&source=web&rct=j&url=http://www.ft.com/fastft/2016/06/27/ftse-250-falls-further-dropping-3/&ved=0ahUKEwiP3q-TisjNAhXEjiwKHdvADS8QFgiIATAa&usg=AFQjCNEikze2BrMULFA6cZdBWwDf-55hrA&sig2=f3pI8iypZSv0BreLZ-4OZg

This might work? Has the 100 overlaid on the 250 chart

[tomtom]

https://www.google.co.uk/url?sa=t&source=web&rct=j&url=http://www.ft.com/fastft/2016/06/27/ftse-250-falls-further-dropping-3/&ved=0ahUKEwiP3q-TisjNAhXEjiwKHdvADS8QFgiIATAa&usg=AFQjCNEikze2BrMULFA6cZdBWwDf-55hrA&sig2=f3pI8iypZSv0BreLZ-4OZg

This might work? Has the 100 overlaid on the 250 chart

oof - why has the 250 fallen so much more than the 100? (may be a silly question - sorry)

[galpinos]

https://www.google.co.uk/url?sa=t&source=web&rct=j&url=http://www.ft.com/fastft/2016/06/27/ftse-250-falls-further-dropping-3/&ved=0ahUKEwiP3q-TisjNAhXEjiwKHdvADS8QFgiIATAa&usg=AFQjCNEikze2BrMULFA6cZdBWwDf-55hrA&sig2=f3pI8iypZSv0BreLZ-4OZg

This might work? Has the 100 overlaid on the 250 chart

oof - why has the 250 fallen so much more than the 100? (may be a silly question - sorry)

As Duma explained, it's mainly British companies whereas the 100 has companies that profit overseas in a global market who might also have benefited from the fall in the pound.

[Oldmanmatt]

https://www.google.co.uk/url?sa=t&source=web&rct=j&url=http://www.ft.com/fastft/2016/06/27/ftse-250-falls-further-dropping-3/&ved=0ahUKEwiP3q-TisjNAhXEjiwKHdvADS8QFgiIATAa&usg=AFQjCNEikze2BrMULFA6cZdBWwDf-55hrA&sig2=f3pI8iypZSv0BreLZ-4OZg

This might work? Has the 100 overlaid on the 250 chart

oof - why has the 250 fallen so much more than the 100? (may be a silly question - sorry)

As Duma explained, it's mainly British companies whereas the 100 has companies that profit overseas in a global market who might also have benefited from the fall in the pound.

Or in other words.

Comparing the health of the UK economy to the health of international companies; is like setting Council tax rates in Sheffield, based of house prices in the Isle of White...


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[finbarrr]

this weird bit of "news" from june 13th !
http://www.telegraph.co.uk/news/2016/06/13/labour-rebels-hope-to-topple-jeremy-corbyn-in-24-hour-blitz-afte/
"Labour rebels believe they can topple Jeremy Corbyn after the EU referendum in a 24-hour blitz by jumping on a media storm of his own making.

Moderate MPs who believe Mr Corbyn can never win back power think his failure to close down public rows which flare up and dominate the news channels leaves him vulnerable.

By fanning the flames with front bench resignations and public criticism they think the signatures needed to trigger a leadership race can be gathered within a day."

[Duma]

Almost immediately put out of date by this update :
https://www.google.co.uk/url?sa=t&source=web&rct=j&url=http://www.ft.com/fastft/2016/06/27/uk-centric-ftse-250-drops-5-5/&ved=0ahUKEwi57dThjsjNAhUnYpoKHc1oAS8QqG8INTAB&usg=AFQjCNESiK_Dkm6PdlCmSjRZXfcbCqPpTQ&sig2=Oo6rdkrK21a96vvwT45nHA
(let me know if the link doesn't work)
(6% now...)

[Will Hunt]

All the FT links are paywalled.

[tomtom]

All the FT links are paywalled.

No comment

[Fultonius]

I'm no sure why, but I seem to be able to access them, despite being on the FT site a lot in the last few days.. (I don't pay!)

[Duma]

I don't pay and they work for me (chrome on Android)
Try the link in this tweet :
https://mobile.twitter.com/fastFT/status/747392403535953920?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

[galpinos]

Foxtons', everyone's favourite twatish estate agency, shares are down 20% apparently. Every cloud....

[Obi-Wan is lost...]

All the FT links are paywalled.

Can you see this image?

[Will Hunt]

Yep. Not sure what was going on with the links.

[petejh]

You can guarantee short-siders are playing this almost unique opportunity. There can't be too many instances where the probability of European markets and sterling falling was a close-to 50/50 bet, and it could be predicted with such accuracy, yet on the day before the referendum the markets rallied on the bet that it would be a remain vote. This contributed to a frantic correction on Friday! 
Wish I'd taken a gamble and shorted some individual stocks or ETFs.

For anyone who's interested there's plenty of info out there on 'how to short the market ahead of brexit'. The longer-term state of the markets will emerge once volatility has subsided.