[ZeroHedge] The Post Office said Tuesday’s sales of foreign currency were nearly four times higher than the same date last year, while sales in branches were nearly 49 per cent higher. Currency sales on Tuesday were up 74 per cent year on year, said the Post Office.
Thomas Cook said: “There’s been a surge in customers buying euros in the last six weeks and euro sales have been consistently strong, building day by day.”
Several economists predict a Leave outcome would trigger a dramatic fall in the pound when markets open on Friday, while a vote to Remain should see the pound rally. But several analysts said this week’s sharp sterling recovery probably limited the scope of the currency’s rise.
Daniel Priori, an Italian who has been working as a cashier at the International Currency Exchange kiosk at Waterloo station for a year,said he and his two colleagues had dealt with many more customers than usual.
Asked why, he replied: “Because they are scared about tomorrow.” He said the majority of transactions were people changing sterling into euros.
[ZurichTimes] It is so sad to see people making poor decisions or being scared based on pure nonsense and lies from politicians. We have reported just a few days ago something that everyone seems to have forgotten to chosen to ignore. This EU Stay or Remain Referendum Vote for the UK is not legally binding and is therefore just an exercise in vanity and distraction.
It requires an act of Parliament and Invocation of Article 50 in order for such votes to be considered legally binding, which has not happened yet in this particular case.
In the rush to vote people seem to have forgotten or neglected such an important point = mass hysteria and hence our decisions are not guided by reason or facts, but rather by emotions and the Politicians and the Marketing Gurus known this point very well.
A few years ago, neuroscientist Antonio Damasio made a groundbreaking discovery. He studied people with damage in the part of the brain where emotions are generated. He found that they seemed normal, except that they were not able to feel emotions. But they all had something peculiar in common: they couldn’t make decisions. They could describe what they should be doing in logical terms, yet they found it very difficult to make even simple decisions, such as what to eat. Many decisions have pros and cons on both sides—shall I have the chicken or the turkey? With no rational way to decide, these test subjects were unable to arrive at a decision.