Yeah i think may was the best choice from the candidates. Trying to judge whats going on with the economy is really hard atm, depending on which articles or websites you read you get totally differing views.
Only thing most of them have in common is that Italy came out worse than anyone from Brexit. Gonna be months before we can really know the impact that Brexit will have on the economy (if thats your primary concern) The economy will probably take another drop when we finally do invoke article 50 question is will it raise as much as before.
Seems we are talking to India about a trade deal (which is odd considering we haven't invoked article 50 yet)
May seems to have some interesting ideas for a Tory, pandering to the centralist labour voters/mps?
http://news.sky.com/story/bosses-union-welcomes-mays-proposals-10498556"So if I'm prime minister, we're going to change that system - and we're going to have not just consumers represented on company boards, but workers as well.
"As part of the changes I want to make to corporate governance, I will make shareholder votes on corporate pay not just advisory but binding."
Also looks like Labour never want to be in power ever again. They call for a new General Election when they would lose so many seats. The corbyn story could keep going and going with him refusing to back down and the MPs trying everything they can to remove him. If they push him out via the back door will the party split i wonder
Sky news on pound and stock surge post May.
http://news.sky.com/story/sterling-surges-as-may-heads-for-number-ten-10499782Sterling rose to nearly $1.33 as traders took stock of developments in Westminster - though it remains far below the levels seen before last month's EU referendum result.
The currency had spiked at $1.50 on June 24 when markets were expecting a Remain win, before plummeting by an unprecedented 18 cents to $1.32, a level not seen since 1985, as it became clear that Leave would win.
Last week, with the prospect of a lengthy Tory leadership battle to come before a new PM was decided, the pound slipped below $1.28.
But with Mrs May just a day away from taking her place as the new incumbent of 10 Downing Street, it was on the rise on Tuesday.
Hussein Sayed, chief market strategist at FXTN, said the relief rally for sterling was likely to be short-lived as many questions about the political future remained unanswered.
Meanwhile, the FTSE 100 has been trading at 11-month highs as the fall in the value of the pound since the referendum has boosted the sterling value of overseas incomes of many of its largely-global firms.
more less balanced things
May says she does not want to call an early general election. She probably won’t need to. Not only does she have a workable majority in the House of Commons, but the opposition is in complete disarray. The leader of the Labour Party, the far-left Jeremy Corbyn, just received an overwhelming vote of no-confidence from his own colleagues, but has refused to resign.
Theresa May therefore looks like the strongest British prime minister since the early days of Tony Blair. Vast numbers of British centrists and conservative Labour supporters — and many Labour members of parliament — may secretly feel closer to her than to Corbyn.
You can measure the reaction in the markets. The FTSE 100 index UKX, -0.03% of top British stocks rose another 1.4% on Monday and the pound GBPUSD, +2.0540% stabilized. When converted into U.S. dollars DXY, -0.13% , the FTSE 100 is up 10% from its post-Brexit lows, although it remains about 9% below the peak — in dollars — seen just before the June 23 referendum.
A better metric of underlying British business confidence is the FTSE 250 index MCX, +0.60% of mid-cap stocks (the FTSE 100 is heavily dominated by London-headquartered multinationals), which rose 3% on Monday. In dollar terms the FTSE 250 is up 9% since the post-referendum panic, though it also remains below the peak from earlier in June.
Sterling’s trade-weighted index has fallen by around 11% since the Jun. 23 vote, but is still only marginally below levels three years ago that the Bank of England regarded as appropriate at the time. Between May 2013 and May 2016, sterling’s real (inflation-adjusted) index rose 7%, against a fall of 4% for the euro GBPEUR, +1.8886% , and rises of 16% for the dollar GBPUSD, +2.0463% , 8% for the renminbi GBPCNY, +2.1625% 3% for the yen GBPJPY, +4.07% .
The pound’s fall, although made more dramatic by the EU vote, has hence been in large part a correction to a previous overvaluation. The question now is when the dollar BUXX, -0.18% start to fall again, although this will probably be delayed until some time after a new U.S. president takes office.
http://www.marketwatch.com/story/how-britain-may-get-the-last-laugh-on-europe-2016-07-11http://www.marketwatch.com/story/brexit-backlash-has-thrown-europe-not-britain-into-crisis-2016-07-12?siteid=yhoof2&yptr=yahoo&ref=yfp
