Next man for the job

Debbie wrote:
and they both have a soft spot for Putin....

New World Order.... just a conspiracy - Not!

Boris as PM and Trump as President...can you imagine

Last thing, who bets for Boris Johnson to be next PM?

Aeras to watch for Ftse 6085,6170
For Dax 9660,9800,9970, stops above yesterday highs should provide security, but its choppy market so becarefull

Short ftse and dax at this bounce imo

I think its good for UK in long term, definitly good for security reason,i'm only worrying thats the begin of the end for EU, countries like Greece or Spain might like to follow

I can't believe it myself!

Scotland want to leave, Northern Ireland want to leave the UK.

very disappointing, markets are already coming in low, the pound is collapsing and UK's AAA credit rating may be removed!

I can't believe that we are out of the EU!!!

Just had a phone call from IG about increased margin rates and i asked him what to expect, he said they expecting European indices upto 20% down if we vote to leave

I've heard a lot of companies plan on exiting uk once we leave the EU.
The reason for a lot of this is this...Tax
as an example..
Take the car manufacturing...
company Builds engines in UK and ships to Germany, The engine is then fitted into the car thats body was produced in germany. This is how a lot of companies work, they produce different parts around Europe and fit them all in a main plant to finish the job so parts are made all over Europe as such . if UK stays in Europe then there is no tax on the shipping of the engine to Germany so hence no cost implications to the company.Now if UK exits Europe, Then the engine being shipped to Germany will have to pay Tax, hence why companies are against staying in UK as if we exit Europe as now the cost of building a car has just gone up and they will have to increase the cost of producing the car which in turn means the cost goes up for consumer (us).

As the example above shows , if we exit Europe then companies will move there production facility to Europe where they would not have to pay taxes on free movement of parts among the European countries. How could UK compete against that???, exit will kill of manufacturing in UK.
The above is how i see the reason for companies wanted UK to stay. The example above can be used across all manufacturing in UK.
So bottom line...TAX

Vote here if you want to find out what our group think about Brexit

www.poll-maker.com/poll724925x6ce94B1F-29


Check here for results

www.poll-maker.com/results724925xe61a523b-29

I'm leaning towards remain because I'm worried about all those companies saying they will have to leave the UK if we vote leave because manufacturing and trading costs will go up.

This will mean loss of jobs

The question should be what the result would likely be, not how individuals are voting. Not the same.

I quickly created simple poll page so we can have an idea of what our group is thinking, please click the link to vote, i come back with resoults later

www.poll-maker.com/poll724925x6ce94B1F-29

Leaning towards Leave - European political union is not in our interest and economically a one size fits all framework just does not work for all member states - the project will implode at somepoint and would rather be out when that happens even if short term pain

I'm quite undecided what to vote but leaning towards voting remain, what is everyone else voting?

nearly everyone is predicting a fall if we exit the euro, so would be interesting to see what happens.
Melt down comes to mind if uk exit. The vix has started to move higher so thats warning off volatile markets ahead so be extra careful with trades as stops can easily be taken out ether way.



dl.dropboxusercontent.com/u/4899609/vix16thjune2016.png

Trendfriend wrote:

uk.businessinsider.com/deutsche-bank-not...ropean-stocks-2016-6

It will be a unique event, no one knows for sure how the market will react whatever the rsult......i think a brexit or no brexit, these markets needs to be dump hard, before a new bull run imho....

Deutsche bank think ftse will out preform on a brexit

ATB dyor,
Trendfriend

Ya if out, FTSE 100 down then up if £ tumbles as most earn income overseas?

Good for traders short then long?

If out change of political leaders to add to the turmoil?

Undecideds to vote?

I would trade the dollar.

If UK leave EU then short but if they remain in then go long, very risk though because of the volatility.

Hi Remo, which currency would you trade the pound against?

interesting neutral perspective

www.mse.me/eu

The markets will get interesting next week as crazy moves can be expected.
Im planning on shorting the pound if we leave the euro with big stop loss.
Gonna go long on pound if we stay with big stop loss.
Im not gonna trade before the out come as the pound will be moving up and down like a yoyo so be very careful second guessing the out come.
I expect the ftse to go down big time if we leave and if we stay then a bounce.