Brexit. Why do Brits want Out of the EU?

The incoming Prime Minister Theresa May said: "During this campaign my case has been based on three things. First, the need for strong, proven leadership to steer us through what will be difficult and uncertain economic and political times, the need, of course, to negotiate the best deal for Britain in leaving the EU, and to forge a new role for ourselves in the world. Brexit means Brexit, and we are going to make a success of it."

Foreign Secretary Philip Hammond said today: "Until we have served an Article 50 notice, we remain a full participating member of the European Union and our ability, of course, to negotiate new trade agreements is restricted by the continued application of EU law, until we have negotiate the exit from the European Union."

A two year process of negotiations then follows, but many expect that agreeing future treaties will extend into many more years.
Source

That not something new, but obviously astonishing for those, who didn't inform themselves.

Theresa May has made her first trip to Scotland as prime minister.
She talked down a second independence referendum, but said formal talks for the UK to exit the EU would only start once a "UK approach" had been agreed.
So it can last some time until article 50 will be triggered. (Or even if it will be triggered?)

As expected, the "earth-shattering" shocks of the Brexit are not happening. Much attention has been paid to the pound, which fell a bit but is now picking up gradually.

After this is all over, maybe it will be entitled, "Much Ado About Nothing"?

There hasn't been a Brexit until now. It's even still not known yet, when it will be announced that the UK wants to leave the EU.

I hope May can achieve her goal of a successful transition, but I was horrified by a couple of her appointments.

Boris? For foreign secretary? And the guy who was illegally escorting his card-carrying lobbyist with him on foreign junkets? Smh

Who says it's her true goal? If it isn't, those appointments make perfect sense. May is nobody's fool.

http://blogs.spectator.co.uk/2016/07/theresa-may-rowing-back-brexit-means-brexit/

Sticky, sticky wicket. Thanks for that unexpected perspective. I'll be watching.

I'd suggested the same yesterday after details of the talk between the two were published.

In my opinion, the unity has a higher value for May than Brexit.
(Perhaps someone should remind her about the 130 years long union between Hannover and Great Britain? )

I got that impression about May's intentions from hearing her first remarks after becoming Prime Minister. Some commentators are suggesting she has implicitly given Scotland a veto by saying 'I won’t be triggering Article 50 until I think we have a United Kingdom approach and objectives for the negotiations. I think it’s important we establish that before we trigger Article 50’.

The Remain side was gleefully pointing to the falling pound and stock market the day after the vote as evidence that economically, The Apocalypse is upon us. Not just for the UK, but for the world. Now you're trying to backtrack and say oh well, that won't happen until two years after Article 50. That's not what the Remain side was saying, no sir.

Apocalypse Now is not happening. Apocalypse Future also won't happen, but we'll have to wait a couple of years to see that. I'll just post the chart of the pound for the last month again, just so people can see the stabilization and gradual rebound.

I had just and only noted that there is no Brexit in the moment.

I'm not a member of Remain nor do I support their announcements.

I'm not sure how many UK holidaymakers are interested in the -exchange. Most seem to be concerned that get 30 cents less than a couple of weeks ago. (End of April it was 1.31 €, yesterday 1.02 € at Stansted airport)

The financial analyst down the block will be working all weekend again, trying to explain to his boss and their bosses what the hell to do about investments in Britain short and long-term.

My best friend's youngest brother is also in the money biz and has been advising people not to invest in Britain for at least a year.

Good news for McG's vacation - they must have got good bang for their US $ last week.

It is not that much To-day you get 0.74 for one dollar and the 24 of june it was 0.68. In between hardly much of a change
I have of personal reasons been following the pound all the time.
For the Swedish crown there has been no real change either.

When you're spending tens of thousands of dollars on a vacation, that's enough of a difference to care.

When you're looking at spending tens of millions of dollars in investments , it's a significant difference.

Perhaps, but the day after the Brexit vote we were assured by the Remain folks that all Hell had been unleashed against the economy and that the numbers prove it. Instead, we see a slight dip in the numbers that is gradually being erased. Not saying there will be NO effect on the UK economy, just saying that whatever effect Brexit has will probably not be much.

PS: If you look at the Pound vs Euro chart above, you will see that the Pound went up shortly before the vote,since the polls had indicated the Remain side gaining. So the real drop is from 1.25 Euros per Pound to 1.19 Euros per Pound now, with the Pound recovering. Make a difference? Sure-but drops like that are par for the course during even normal circumstances.

I doubt that the current fluctuations have much meaning.
http://www.xe.com/currencycharts/?from=EUR&to=GBP&view=1Y

I agree. Markets always overreact to things, and the Brexit vote was a big surprise.

I was in UK in April and got 79 pounds the 21st and on the 22nd I got 78 and the 24th I got 77 for 100 Euros
So even during normal times money go up and down.