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The UK FTSE 100 index has its strongest week since 2011, a week AFTER Brexit.

July 1, 2016

 

The FTSE 100 index had its strongest week since 2011 with further gains today after Mark Carney gave strong hints of help from the Bank of England to cope with Brexit.
 

The Footsie closed up 73.5 points, or  1.1 per cent, at a new 10-month high of 6,577.8, a gain since the weekend of 7 per cent - its biggest week's rise since December 2011.
 

Following a two day sell-off after Britain voted to leave the EU in a referendum last week, the London stock market has rebounded strongly.

The FTSE 100 (The Financial Times Stock Exchange) is a share index of the 100 companies listed on the London Stock Exchange with the highest market capitalization. It is seen as a gauge of prosperity for businesses regulated by UK company law. Its basically an index that gauges the UK economy's performance and stability.

But… but… but this wasn't how it was supposed to have been! But Obama, Soros, Lagarde , and all the other "experts" warned the British people that if they vote "leave" their economy will implode, fire breathing dragons will incinerate London, and that the whole British Isle will plunge to the depths of the Atlantic Ocean!

OK, so maybe not the last two things, but this was literally the ONLY real argument that "remain" camp had, that if the UK were to leave the EU, their economy would crash and burn.

David Cameron actually went public and stated that the UK economy will "explode" if it voted to leave the EU.

This was echoed by "experts" EVERYWHERE on corporate main stream media, who insisted that if those silly British plebs DARED to vote otherwise than they were being told by the Remain/EU/globalised camp they would pay for it with the destruction of their economy.



 

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