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The British pound fell more than 6 per cent to below $1.20 in two minutes on Friday amid concerns over the UK’s exit from the EU. Shortly after currency markets opened in Asia on Friday, the pound lost as much as 6.1 per cent to $1.1841. The sharp nature of the move sparked speculation that it could have been triggered by a mistaken “fat finger” trade or a rogue automated algorithm, exacerbated by thinner liquidity during early Asian trade. It was the currency’s lowest since May 1985 and the biggest intraday drop since the 11.1 per cent plunge on June 24 in the wake of the UK’s voteto leave the EU. https://www.ft.com/content/dfb375be-8c23-11e6-8cb7-e7ada1d123b1 Pound expected to drop as much as 10% on Brexit 'leave' victory http://www.cnbc.com/2016/06/17/british-pound-expected-to-drop-10-on-brexit-leave-victory.html If Britain votes to leave the European Union, the pound is expected to drop as much as 10 percent against the dollar, according to Stacey Gilbert, head of derivative strategy at Susquehanna Financial Group. If there's an exit vote "I would say right now in terms of the pound we're seeing a move to 8 to 10 percent on the downside. That's a huge move in terms of a currency," Gilbert said Thursday on CNBC's Power Lunch.

http://www.tremeritus.com/2012/02/22/only-...nomics-faculty/ is this true? i am loosing faith in TRE lately anybody can csi

....then how come he did not see 2007/2008/2009 coming? ....then how come he invested big time into UBS and Citigroup, only to see their stock prices laosai, and then divest their stake at much lower prices, making Singapore a global laughing stock? Being a lesser mortal, i am not supposed to understand how these top GIC brains worked as i do not have an advanced degree from MIT. But i only want to understand how Tony Tan can make such mistakes. If Tony can convince me and others who are wondering the same thing, he has got our vote to "safeguard" our reserves.

Watch video. Something tells me that our own government with its huge pay scales makes it a BIG government eating up our prosperity! I like the way she said it. Like peeing in your pants. It feels warm and then you feel cold.

Found the following post written by someone in a forum.... quite thought provoking... comments? This is how the cookie crumbles. Please read it carefully. Let