Psychoactive Substances: Rolling UK Politics in The Neo-Con Era

I hate this early phase where every result sways things.

Looking for Scotland to keep England in EU against its will.

Fuck. Sunderland leave by a mile.

ooofff Sunderland....

Remain annihilated.

oh man the voices at Sunderland

I'm assuming there are a lot more immigrants in Newcastle than Sunderland?

pound just dropped 5p against the dollar

sorry 4p

god this is so horrible

There are a lot less students and people with degrees or higher level qualifications Tom.

Sleepwalking towards disaster.

GBP implodes by 4%

I fucking hate how things that are supposed to be sensible, like markets, and telly, sway from one result to the next. That should be a viewer's exclusive anxiety right?

No disrespect, but it's East Yorkshire. Who can be surprised really?

What's East Yorkshire?

hopefully the UK and its government will stand up to the forces of right wing xenophobia

North-Yorks then, but the east side of it. No way West-Yorks will vote the same, xxp

Xp kind of lol but mostly sad

https://twitter.com/GaryLineker/status/746113629032939520

are the currency fluctuations not just based on in-the-moment gambling?

like presumably these early results tighten things but also the markets are flinging cash around. i mean i really don't know...

He's right, but shat on Lineker regardless xp

Newcastle and Sunderland are not in any part of Yorkshire.

when the currency moves like that seconds after a result is announced it's not in the moment gambling but a real "correction" (not that where it ends up is "correct")

Jeez thought you have a bro in hedge funds Ronan, you should know!

(I certainly don't)

so it's a reason for concern? seems like we're still at some kind of speculative early stage, but again, i dunno.

xpost - i studied journalism, he did maths.

JimD, my mistake

Still seems way too early indeed.

the markets don't know anything we don't any more, so not worth worrying about on its own. the results are the only thing worth worrying about right now, but i feel like the pound and especially betting odds can help you get out of your own head and keep things in perspective (currently 69% remain with the bookies)

Remind me to give Sunderland a wide berth in future, they don't take kindly to strangers up there, yep.

Caek otm, but dont forget every unexpected change or development earns few people a lot of money. Speculation by the second.

the pound looks like it's fallen into the marianas trench

pound is crashing tho, it seems? yet again, dunno why i'm posting here.

xpost

What are people watching? BBC is shambolic apart from Vine but Sky isn't up to its usual standard either imo

the other thing to bear in mind with the pound movements is that there are a tiny number of people still awake and trading currency right now, so the volatility is in great part due to that

BBC, which, when compared to US or French television remain the gold standard.

Bookies odds take time to correct in these sorts of situations, remember that the average punter only knows as much as we do. I put £20 on leave at higher odds, just as some sort of consolation if the results go the wrong way. Doesn't seem to be improving my mood much.

i'm sure the exchanges are pretty busy for this late, the volumes are tiny compared to the daytime, which means the swings are particularly violent. i think the pound is useful directionally (if it goes up, leave got more votes than expected, if it goes down then they got fewer), and probably more useful than the people the bbc has wheeled out, but you shouldn't read too much into the size of the moves.

my parents have given me some pounds for my wedding later this year. moved 1/3 of them to the US a couple of weeks ago when i started getting really nervous. was feeling pretty smug about 2 hours ago. not so sure now.

78.6% for Remain in Foyle. That's slightly better than expected.

I've been watching ITV for some reason

xxp clearly the people of sunderland did not listen to my concerns re: my halifax account

more booze.

if the pound goes up, leave got more votes?

xpost great to see foyles tottenham court road coming out in favour of remain

lol caek

if the pound goes up, leave got more votes *than currency traders expected*

ffs man it's not an amoral casino

you mean if the pound goes down

Laura Kuenssberg
‏@bbclaurak

Hear Remain might be as high as 83% in Lewisham - we going to see London v the rest of the country?

finally

"John Redwood, the Conservative pro-Brexit MP, has just told Sky News that a fall in the value of the pound is not necessarily something to worry about. If it falls too much in value, people will start buying it again, he said."

Gideon Rachman ‏@gideonrachman 2m2 minutes ago

Reports of 70 percent Leave votes in Warwickshire and Hartlepool. This feels over

If Lewisham really is 83% that's huge for Remain and points to massively more regionalised results/divided country blah blah than was expected

https://twitter.com/bbclaurak/status/746126401854705664