It’s a case of Apocalypse Not as the Brexit Armageddon turned out to be a storm in a very small tea-cup.
BREAKING: Britain's FTSE 100 index recovers all losses from Brexit
— Reuters Business (@ReutersBiz) June 29, 2016
A couple of days of market uncertainty were followed by buying, and sheepish commentators had to reflect that the FTSE 100 recovered all its losses, the FTSE 250 climbed over its January lows, and the FTSE 350 was also up. The pound stabilised and made a modest climb against the dollar; the UK will be hoping it stays competitive to boost exports.
@LouiseMensch pic.twitter.com/MbLT2t9lNY
— j' mapple Davies (@DeanDavies) June 29, 2016
Heat Street reports elsewhere the 11 countries that want to strike UK trade deals, ranging from the USA and New Zealand to Iceland and Australia, and of course, the mega-market of India, where the EU has failed to strike a deal.
#Brexit will increase scope of #trade between #UK & #India: GP Hindujahttps://t.co/fNHAWWcIv3 pic.twitter.com/UXJEp8qbqW
— EconomicTimes (@EconomicTimes) June 25, 2016
@cbcnn_Pilid interestingly read https://t.co/YyyAvRavQU India wants UK deal not Eu deal …
— Indian Reagan (@indianreagan) June 27, 2016
The Anglosphere’s love and friendship were in full bloom as New Zealand – who recently held a referendum where they voted to retain the Union Flag on their traditional flag – offered the Brits a raft of experienced negotiators.
There are 11 countries ready to strike free trade deals with the UK, including: US, Germany, Canada, India, AUS, NZ https://t.co/TEeLzz0WWD
— Cameron Brown (@cameronbrownuk) June 29, 2016
The prestige of being a direct actor on the world stage, able to open our markets to the North and Antipodes, was warmly felt, even as the stock market boards showed green everywhere. Professional doom merchants were embarrassed.
A host of firms added to the chorus by reiterating that they were keeping jobs and investments in the UK; and Europeans called for the head of rambling drunk Jean-Claude Juncker.
@LouiseMensch HK news: Huawei to press on with £1.3b British investment, despite Brexithttps://t.co/K6Ut65NoZx
— Judy Cubbage (@JudyCubbage) June 29, 2016
All in all, likely future Prime Minister Boris Johnson must be thanking his lucky stars he backed the right horse. Johnson is putting his leadership bid together carefully and consulting with the leaders of the Vote Leave movement. His enemies had hoped to blame him for an economic collapse that lasted about as long as Baldrick’s holiday in the UK sitcom ‘Blackadder’: (lined up)
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