A day in history

A Prime Minister resigned. The £ plummeted. The FTSE 100 lost significant ground. But then the £ rallied past February levels, and the FTSE closed on a weekly high 2.4% up on last Friday, its best performance in 4 months. President Obama decided we wouldn’t be at the ‘back of the queue’ after all and that our ‘special relationship’ was still strong. The French President confirmed the Le Touquet agreement would stay in place.
The President of the European Commission stated Brexit negations would be ‘orderly’ and stressed the UK would continue to be a ‘close partner’ of the EU.
A big bank denied reports it would shift 2,000 staff overseas.
The CBI, vehemently anti-Brexit during the referendum campaign, stated British business was resilient and would adapt. Several countries outside the EU stated they wished to begin bi-lateral trade talks with the UK immediately. If this was the predicted apocalypse, well, it was a very British one. It was all over by teatime. Not a bad first day of freedom.

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