The British are unlucky. After saying no to the European Union, today Britain was downgraded by two rating agencies, S&P and Fitch.
The main British stock market index, FTSE 100 is 2.55% down today (the second down - day after Brexit).
Quite interestingly, since March 2009 FTSE has gained 69%. However, it gained only 55% when the result is measured in US dollars (it means that an American investor would earn only 55% if he / she invested in FTSE 100):
Further, the British Pound lost 11.8% against the US dollar since last Friday (yellow area):
Etc. etc.
Finally, today England lost to Iceland at EURO 2016 Championship. After Brexit there is EUROxit.
Oh boy...
Out of Euro twice...
ReplyDeleteYes, Northern Ireland is out too.
DeleteBut Wales is still in. I am a fan of this team.
Out of Euro twice...
ReplyDelete