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This will reverberate throughout the markets for some months but I see the UK may have early erections before year end. The UK will never exit as they cannot loose London.
@indexer, I was looking at the UK site: http://www.tddirectinvesting.co.uk/rates-and-charges/ but fortunately it seems on the .com site all they list is 45 Euro per quarter. That isn't bad at all. I pity the poor Brits though. And of course any South African's using ABSA etc. I see Saxo also charges 0.12% custody fees. I'm still drawing up a will, and the instruction will be to transfer the holdings into a different account, and not to sell anything!
Bought PPC today in the Investor Challenge. Let's see what happens.