Re:UK votes to leave EU
by ZenoArrow on Friday June 24, 2016 @02:42AM
(#11967231)
I don't know how you come to that conclusion. The UK has a trade deficit with the EU, which means we buy more from the EU than we sell to it. From the EU perspective, the UK is a good customer. Like it or not that counts for something.
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Re:UK votes to leave EU
by bayesian_horse on Friday June 24, 2016 @03:24AM
(#11967467)
Where are they going to get their stuff then? And with what currency? Apparently the pound just fell to a century-wide low...
> "Where are they going to get their stuff then?"
Wherever the UK citizens choose to, just like it's up to EU citizens whether they want to buy from the UK. We have a global market, (for the most part) anyone can buy anything from anyone else. The UK is likely to experience price rises for EU goods, and the EU is likely to experience price rises for UK goods, but if customers still want a particular product and can afford it even with the price rise then they'll continue to buy it.
> "Apparently the pound just fell to a century-wide low..."
That's just the markets reacting to uncertainty. The future is indeed more uncertain, so it's to be expected, but uncertainty does not necessarily mean a downturn in the long run.