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A comment on Hong Kong Exchanges Bids $39B to Take over London Stock Exchange. Parent comment

Re:Hong Kong Exchanges Bids $39B to Take over London Stock E... by rtkwe on Wednesday September 11, 2019 @12:11PM (#20941743)
No one knows what Brexit actually is though. It's either not happening, kicking the can down the road till the UK manages to square the circle w.r.t. Northern Ireland [0] (i.e. the current deal), or crashing out with no deal causing days long waits at the ports of entry as inspections take place.

How do you price in all those disparate outcomes into the same price?

[0] UKs own requirements for Brexit are mutually exclusive 1) No customs union, 2) No Northern Ireland border, and 3) No border inside the UK. These three can't exist in the same deal. The only real way to properly Brexit would be to cut Northern Ireland lose or risk reigniting the Troubles by violating the Good Friday Agreement.

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Re:Hong Kong Exchanges Bids $39B to Take over London Stock E... by tylerhou on Wednesday September 11, 2019 @12:19PM (#20941816)
> No one knows what Brexit actually is though.

Then you can't make the claim that the pound will continue to devalue. The pound is volatile, but you can't make predictions about the long term value with certainty.

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Re:Hong Kong Exchanges Bids $39B to Take over London Stock E... by rtkwe on Wednesday September 11, 2019 @01:00PM (#20942275)
> The pound is volatile, but you can't make predictions about the long term value with certainty.

Something being priced in requires there to be at least some certainty about what will happen.

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