Foregone conclusion...
It was supposed to be a formality of a snap election. Conservatives leader, Theresa May was attempting to strengthen her majority ahead of Brexit talks, when she called an election 3 years early. And who was going to stop her? Labour leader, Jeremy Corbyn was seen as a lame duck challenger. You'll be lucky if 10% of the electorate could name the UKIP or Lib Dev leaders.
What could possibly go wrong for the Conservatives?
Exit Stage left?
Well the exit polls suggest ALOT has gone wrong for the Tories!
I won't get too carried away as the night is still young. And Exit Polls are known to have been incorrect in the past. However if I wake up tomorrow morning to a hung parliament, expect some major volatility in the markets. A hung parliament has not been priced in.
Crypto bounce?
The Pound plunged against the Euro and Dollar immediately after the Exit Poll.
I've already had a couple of unexpected texts from a non-crypto friend, who is generally well-informed. Word on the grapevine is we could see some interesting action in the cryptocurrency markets tomorrow. This is coming from a guy that has no dealing in cryptocurrencies whatsoever. Watch this space, if parliament is hung, we could be in for a very interesting weekend.
Laat few time the political issues have proven a great entry point for stock market. Brexit, trump elected. Maybe this will be the same for alt coin as well as bitcoin. Happy trading :)
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That is very true, also crypto has been going up a lot too.
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Hung parliament is now very likely. Pounds about to tank. Hold onto your your steem wallets peeps!!
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Thanks for the heads up. Time to exchange a little more fiat for Steem!
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Not sure I'm confident enough to gamble fiat on an Exit Poll... However I will be holding off selling crypto until the dust settles.
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Your friend hit the nail on the head with this one. I think we might break $3 this weekend. Volume is way up.
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Sooner or later someone is going to poke that FIAT bubble
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And Andrew Neil from BBC said live on TV, that a coalition might complicate breakfast, when he meant to say brexit. Crazy times....
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Help a yank out haha, so no majority in your Parliment will affect the UK and cryptos in what way exactly?
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Political uncertainty in the UK generally leads to volatility in the markets and loss of confidence in pound sterling (short-term at least).
Not sure how much it'll affect the US. However I'm hearing that some of that money could flow into crypto... which surprised me.
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Is this the elite's plan B to keep us in the EU???
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Cunning... I never thought of that.
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It's possible, but Theresa May has also said that she would rather go ahead with a bad Brexit rather than no Brexit, so I can see further turmoil for the strength of the pound further down the road yet again, so there will be plenty of room to play with the prices of various crypto coins!
Great article @nanzo-scoop
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I had the same thoughts and actually believe this theory/conspiracy
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Precious Metals people. That's real money. A steady ship on smooth water.
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MARTIN ARMSTRONG states this could be the biggest money making opportunity of a lifetime SHORTING THE POUND!
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Well that is exciting! Thanks for the news, sorry for all those still invested solely in fiat currencies.
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I agree we should hold and this will definitely make a difference, but it's nothing compared to the pound plunge right after the BREXIT referendum. They'll just manipulate it back up. Now isn't the day quite yet. It'll crash but I don't think this is a tell-tale sign at this point.
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I agree Brexit had a bigger impact. However entering the Brexit negotiations with a minority coalition would be worrying.
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Definitely a case of hodl :-)
Cg
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Pound:dollar has been around 1.28,1.29 for a few weeks, not much of a fall... Nothing like brexit.
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Dropped almost 2% immediately after the Exit Polls were released. But yes not as steep as Brexit. Also Exit Polls are not the results... things will likely change as the picture becomes clearer one way or the other.
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Let Theresa run through the fields 🙀
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Oh lawd what a disturbing clip... I hope she had her clothes on... I had visions flashing through my mind that I didn't want to see just before bed!
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Hahaha sooooooryyyyy!!!
Have a good sleep and dreams about flashing May's
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Uhhh lalala You / We better hold on to our STEEM and SPD ...Hehehe
What a blessing that I got into crypto intime.
Anyways, can't wait to wake up and get the news
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goodthing i got plenty of crypto on deck, ill be watching the market tomorrow closely.
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We'll certainly see a jump in the GBP value of our crypto. Maybe 4-6%.
Crazy times, there's even talk of a potential minority coalition.
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I definitely didn't see anything like this coming. Goes to show the British voter doesn't like to be taken for granted.
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Well May was unelected, kinda took the piss with cutting the police then replacing them with military police. Snoopers charter, etc trying to police the internet...
It's just too much.
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Yeah she definitely over-reached. Even if she felt she had it in the bag, she still needed to campaign hard. Looked like she wanted to coast to landslide victory...
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Extremely interesting. Now I can watch this unfold. Thank you for sharing.
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104 years ago today suffragette Emily Davison died after throwing herself in front of the king's horse, 104 years on is someone about to be thrown under the bus?!
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I'm locked in :)
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Lets see politics is always interesting.
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does that mean pound will be even weaker? this is sooo stressful !!
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perhaps... but you still have your Steem! :)
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yes am I'm planning to become top 10 most followed on here!! its my next goal! can i do it? :P
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Keep making yummy cookies... I don't see why not! However you might want to put your tongue away! ;P
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lol :D is it too distracting?
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Very interesting.....could be a moon party this weekend! Can't wait - looking forward to big pumps in Sia and STEEM.
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If your using our new monetary system(blockchain) no worries. If your using the old monetary system...well good luck.
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It's happened, hung parliament confirmed. This is what hubris gets you.
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Let June be the end of May!!
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@opheliafu and I are planning a trip to France soon. Should have converted some euros before the plummet. Hopefully the bounce is sooner rather than later fml
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I think the election will have a good influence on cryptocurrency, nit sure about fiat influence.
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Very interesting post; We will be watching!
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Exit polls were right indeed. :D
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