[Tomrn]

People have seen the market responding to uncertainty by dumping GBP and FTSE and are equating that with the UK economy actually being much worse off already. Hence the sudden 'realisation' that brexit was a terrible decision. Large numbers of traders betting on the UK betting on the UK being worse off does not make it so. (Or I guess it kind of does.. but that's markets for you!)

At this point we have absolutely no information about what the Brexit deal will look like, it's impossible to know what the UK economy will be like post EU. For all we know the eurozone could face a crisis in the next few years and by distancing itself from Brussels the UK could end up better off.

In a month or two when things have settled down we'll see a much more reasoned debate. Once article 50 is invoked and we begin to see what the 'leave' deal will actually look like you may see many people adjusting their position.

[lucb1e]

> People have seen the market responding to uncertainty by dumping GBP and FTSE and are equating that with the UK economy actually being much worse off already. Hence the sudden 'realisation' that brexit was a terrible decision.

So uncertainty translated into markets diving, which translated into believing it was a bad idea because markets are diving. Interesting analysis that makes quite a bit of sense.

[tremon]

Yes, welcome to economics 101: The only science where the public can make things true by believing in them :)