British Pound Drops to Record Lows as Hard BREXIT Fears Loom

Britain’s Prime Minister, Theresa May, told Sky News this weekend that leaving the EU is about “getting the right relationship, not about keeping bits of membership,” and everyone is freaking the fuck out.

In what universe did anyone expect a BREXIT to not be hard? What did the autocrats in the EU ever do or say to make you believe this would be seemless? This is the problem with the way markets are responding to ground breaking news: nothing is being taken seriously, at all.

The Pound is at 1985 lows, off by more than 1%.

It looks almost certainly now like a hard Brexit, and the market doesn’t like it,” Erik Nielsen, global chief economist at UniCredit SpA in London, said on Bloomberg Television. “It’s a political crisis in the brewing here, for sure.”

Again, this was all expected. Anyone surprised by BREXIT, following Britain’s vote to exit the EU, is a fucking idiot.