The real bloodletting'll happen when Art 50 is invoked.
As for the FTSE being up - well, some companies are. Others are really suffering: the FTSE simply aggregates that, and so hides big differences. Add to that the fact that there will have been people looking for a bargain post-fall (and for shares priced in sterling, there's no shortage...), and it's unsurprising that the market had a bounce.
Whether it's more than a bounce is a different matter entirely.
(, Tue 19 Jul 2016, 21:36, Reply)