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jpinx
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Posts posted by jpinx
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It's XE for me because it's easily available.
You want to use something else, up to you. I'm sticking to XE.
When you do a forex transfer, do you get the XE rate or something different?
More to the point, if you tranfer funds from the UK to pay a bill, or demonstrate that you meet the tequirements of an extention to your retirement visa, what does your creditor/immigration officer want to see.
A screenshot from an fx website or Bhat in your hand/account?
Your creditor will want to see the money in his bank. Why would an immigration officer want to see anything?
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since I started that XE.com point I'll explain why -- it is for the purpose of watching the trends .. not for use by Joe Blogs who wants to transfer his pension to Siam Krung Bank. That rate he can find on their website.
Are you saying that those of us who have pension income and transfer it to Thailand are unimportant - just "Joe Blogs"?
Did I mention how important or not Joe Blogs's transfer was/is ?
Referring to people as "Joe Bloggs" is pretty dismissive.
It is a common enough way of referring to any normal individual - nothing dismissive about it. Maybe English is strange for some people sometimes.
Joe Bloggs - Wikipedia, the free encyclopediahttps://en.wikipedia.org/wiki/Joe_BloggsThe names "Joe Bloggs" and "Fred Bloggs" are commonly used as placeholder names in the United Kingdom, Australia and New Zealand, for teaching, programming, and other thinking and writing.
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since I started that XE.com point I'll explain why -- it is for the purpose of watching the trends .. not for use by Joe Blogs who wants to transfer his pension to Siam Krung Bank. That rate he can find on their website.
Are you saying that those of us who have pension income and transfer it to Thailand are unimportant - just "Joe Blogs"?
Did I mention how important or not Joe Blogs's transfer was/is ?
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Has Brexit Secretary David Davis given any idea how he's going to broker a deal with 27 EU nations, each of whom hold a veto on any deal he tries to get signed?
Read his statement. It lays out how he intends dealing with things following the brexit vote.
His statement says what his intention is, it gives no clue as to how he is going to get there.
It's the 'No Clue' bit he needs to get over.
His statement made sense to me - but we all have our own opinions, only some of us prefer to state our opinions as 'fact'.
His statement made a lot of sense to anyone with an open mind. He gives indicators of how things will be progressed and a timescale. What he does not address is what happens if some countries want to veto what the UK does -- but then that is not necessary since UK will no longer be subjected to that nonsense once article 50 is enacted
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since I started that XE.com point I'll explain why -- it is for the purpose of watching the trends .. not for use by Joe Blogs who wants to transfer his pension to Siam Krung Bank. That rate he can find on their website.
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Tin Martin to be minister for pubs and real ale!
I want to be a fly on the wall when Boris meets Putin
I see the French are gunning for him already -- this is going to be great fun!! -
long-term and short-term -- explanations not needed for anyone with any experience of graphs
Though an understanding of the impact of exchange rates on foreign currency asset values might help.
Seriously??? Maybe some references as to how FTSE and the market works will illuminate the readers here who wish to pursue the discussion...
https://en.wikipedia.org/wiki/FTSE_100_Index
".......FTSE, or, informally, the "Footsie" /ˈfʊtsi/, is a share index of the 100 companies listed on the London Stock Exchange with the highest market capitalization. It is seen as a gauge of prosperity for businesses regulated by UK company law. The index is maintained by the FTSE Group, a subsidiary of the London Stock Exchange Group............"
http://www.ftse.com/products/indices/uk
"...... FTSE 100 Index (UKX) - comprises the 100 most highly capitalised blue chip companies listed on London Stock Exchange....."
http://www.londonstockexchange.com/prices-and-markets/markets/prices.htm
... for the current market.
This has nothing to do with any currency fluctuations. Ask any qualified broker.... I'm done with researching for folks in here -- do your own leg-work and prove your postings with valid references
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Siemens and other stalwarts of EU business have said they will increase investments in UK specifically because UK is leaving EU.
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Can you put up a link where Siemens have said they are increasing investment in the UK BECAUSE the UK is leaving the EU.
I've capitalised the 'Because' since I want to make sure you don't miss it in your response. ('Despite of' does not mean 'Because of').
You are quoting reporters words -- not the bosses words....
“The UK matters with or without being a member of the EU. The Brexit vote will not diminish our commitment to your country. Siemens will not leave the next generation behind, ” Kaeser said.
Now I'm quoting your words, your claim that - "Seimens and other stalwarts of EU business have said they will increase investment in the UK specifically because UK is leaving the EU"
With the words you have kindly provided from Kaeser.
Your 'avin' a larf
More about the Seimens position -- from the telegraph and others ....
Mr Kaeser said the company had been misunderstood in the heat of the Brexit campaign when it was widely seen as a cheer-leader for Remain. Corporate damage-control is underway at the highest level.
“We never said the UK is in bad shape if it leaves the EU: we said the EU would miss a massive opportunity. Without the UK, the EU may never be able to stand up against superpowers like China and the US,” he told the Daily Telegraph and three other UK newspapers.....
not single sourcing information from obscure reports that suit a contrary viewpoint -- as some people do
The bournemouth echo??? now who's having a laugh
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The FTSE is now higher than at any time back to about September 2015 --
https://chart.finance.yahoo.com/z?s=%5eFTSE&t=1y&q=&l=&z=l&a=v&p=s〈=en-GB®ion=GB
and higher now than at any time 2008 to 2014
Its a little more complicated than that, and far too soon to draw any real conclusions:
Over to the rightwing press for a better outline of what to look out for and when it will be available. http://www.telegraph.co.uk/business/2016/07/05/when-will-we-know-if-the-uk-economy-has-been-hit-by-brexit-and-w/
To be lead by what a journalist thinks and writes is a road to destruction. Since when did any journalist make an accurate predicition? If they did - they'd all be millionaires.
As for the "Its a little more complicated than that...." -- bullshit -- it is what it is and the trend is clear.
Once again, I am pleased to see your unequivocal statements that we can come back to at a later date.
long-term and short-term -- explanations not needed for anyone with any experience of graphs
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Alleluia, we are all saved.
Opps!
GBP/THB interbank rate 46.69
estimated TT rate Thai banks tomorrow 46.63
Let's stick to XE.com for the sake of a political argument -- it's a median rate and reflects the movements and trends quite well. A discussion about bank rates will be never-ending because of the number of different rates you can get. Every tried buying US$ in Cambodia with Thai baht?
.... Pound / euro
25 Jun 2016 21:00 UTC - 14 Jul 2016 15:05 UTCGBP/EUR close:1.20085 low:1.16251 high:1.23006 -
The FTSE is now higher than at any time back to about September 2015 --
https://chart.finance.yahoo.com/z?s=%5eFTSE&t=1y&q=&l=&z=l&a=v&p=s〈=en-GB®ion=GB
and higher now than at any time 2008 to 2014
Its a little more complicated than that, and far too soon to draw any real conclusions:
Over to the rightwing press for a better outline of what to look out for and when it will be available. http://www.telegraph.co.uk/business/2016/07/05/when-will-we-know-if-the-uk-economy-has-been-hit-by-brexit-and-w/
To be lead by what a journalist thinks and writes is a road to destruction. Since when did any journalist make an accurate predicition? If they did - they'd all be millionaires.
As for the "Its a little more complicated than that...." -- bullshit -- it is what it is and the trend is clear.
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.....It has not been made easier by the Remain groups constantly talking the UK down should there have been an exit, during the campaign, they now who they are and when you look at how your pension has been affected or your funds to support your life here just remeber that they have made your position more difficult than it needed to be and caused the markets to over react.
Ah so its all the fault of the people who voted against Brexit and continue to exercise their democratic rights to protest, lobby or express opinions against a referendum in which their view was narrowly defeated, the leaders of the Brexit campaign have departed, the promises made by the (lately departed leaders) were lies, there was not forward plan and nobody has any idea how or on what basis the UK is going to negotiate any deal with the EU.
Yep classic Brexteering - Blame other people.
Attempts to "blame" are coming thick and fast from Remainers who don't have the vision to see an independent UK.
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When was this veto last used? Point me to a vote that was overturned by the alleged veto.
All I can find is "Cameron gives up veto" stories.
When the veto was last used, or indeed if it was ever used, is an irrelevance.
EU laws are only passed after a period of consultation between member states in the EU parliament and after ratification by the national parliaments of the individual states - holding veto rights ensures that all parties understand that if a law or regulation does not meet the agreement of the veto holding state, then that state can simply block the law/regulation.
The last time it should have been used, but was not, was on the occasion of the enlargement of the EU to include former Eastern European states - Tony Blair's Nu-Labour government signed to agree the enlargement of Europe without asking for any concessions on behalf of the UK.
Stories regarding Cameron giving up the veto are nonsense - Cameron did not give up the veto. The UK still has its veto, though leaving the EU will end it.
UK will not have a veto, not have any EU laws, not have any quotas imposed on fishing or agriculture by Brussels, not have to bail out Greece or Italy or whoever fails next, not have to abide by any immigration quotas imposed by Brussels... what not to like? Trade will be sorted out as we progress down the exit-lane, and financial markets are already recovering from the drop caused by imbecilic traders who can't see past the profit of ten minutes.....
Siemens and other stalwarts of EU business have said they will increase investments in UK specifically because UK is leaving EU. Remainers really need to show their patriotic characters and get behind the new team at westminster and support the sane and orderly progress to Brexit instead of continuing their claims of doom and gloom and their wanton obstruction of UK's next phase. You might not like it - but that does not give you the right to fabricate nonsense to de-rail it.......
Appart from your retreat to the age old nationalist trope of wrapping yourself in the flag and suggesting that anyone who does not get on side (your side) is not a patriot, I'm rather pleased with the unequivocal statements you've made above (highlighted in red), we can come back to these at a later date.
Can you put up a link where Siemens have said they are increasing investment in the UK BECAUSE the UK is leaving the EU.
I've capitalised the 'Because' since I want to make sure you don't miss it in your response. ('Despite of' does not mean 'Because of').
You are quoting reporters words -- not the bosses words....
“The UK matters with or without being a member of the EU. The Brexit vote will not diminish our commitment to your country. Siemens will not leave the next generation behind, ” Kaeser said.
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The FTSE is now higher than at any time back to about September 2015 --
https://chart.finance.yahoo.com/z?s=%5eFTSE&t=1y&q=&l=&z=l&a=v&p=s〈=en-GB®ion=GB
and higher now than at any time 2008 to 2014
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When was this veto last used? Point me to a vote that was overturned by the alleged veto.
All I can find is "Cameron gives up veto" stories.
When the veto was last used, or indeed if it was ever used, is an irrelevance.
EU laws are only passed after a period of consultation between member states in the EU parliament and after ratification by the national parliaments of the individual states - holding veto rights ensures that all parties understand that if a law or regulation does not meet the agreement of the veto holding state, then that state can simply block the law/regulation.
The last time it should have been used, but was not, was on the occasion of the enlargement of the EU to include former Eastern European states - Tony Blair's Nu-Labour government signed to agree the enlargement of Europe without asking for any concessions on behalf of the UK.
Stories regarding Cameron giving up the veto are nonsense - Cameron did not give up the veto. The UK still has its veto, though leaving the EU will end it.
UK will not have a veto, not have any EU laws, not have any quotas imposed on fishing or agriculture by Brussels, not have to bail out Greece or Italy or whoever fails next, not have to abide by any immigration quotas imposed by Brussels... what's not to like? Trade will be sorted out as we progress down the exit-lane, and financial markets are already recovering from the drop caused by imbecilic traders who can't see past the profit of ten minutes.....
Siemens and other stalwarts of EU business have said they will increase investments in UK specifically because UK is leaving EU. Remainers really need to show their patriotic characters and get behind the new team at westminster and support the sane and orderly progress to Brexit instead of continuing their claims of doom and gloom and their wanton obstruction of UK's next phase. You might not like it - but that does not give you the right to fabricate nonsense to de-rail it.......
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I almost forgot to ask, what does Brexit actually mean, how will we know when it's started, happened and when it's finished, what are the key milestones or indicators?
The end would be no longer having MEPs in EuroParl, and no longer paying money to support the EU.
The first will happen, the second may never happen.
Don't go there MJM.
Please do MJM !!
we need more humour and nonsense in here to counter-act the rubbish. -
My guess is the Brexit referendum will be dragged in to Parliament where it will be stalled, stymied, shoved off to the Lords. I doubt we'll leave based on this referendum. Even if a cogent, acceptable plan is put together, it will likely need to be placed before the people again.
Absolute nonsense.
That is what you may wish for but the PM in waiting has said "Brexit is Brexit" and she is the boss.
Nope. I was a reluctant 'remainer', but have since become a 'leaver with a brain'.
I tell you the first chance Parliament has this will be kicked in to the long grass, whereupon it will slowly be passed hither and thither. There's every justification too- simply no cogent plan. I'd say 50/50 whether Article 50 will even be enacted.
If a sensible strategy does arise, then it will undoubtedly need to be put to the people again to choose. The referendum was short on mandate.
I agree -- there will be attempts to kick this into the long grass and see what wriggling can be done. The majority in the house were remainers, including TM-the-PM, so let's see how she can carry forward the "Brexit is Brexit" mind-set, and how she deals with the house. Her new cabinet will probably be chosen to have a small majority of Brexiters, but the house is what it is and we can only hope that the increases in the FTSE and Sterling in the last few days will encourage some of the waverers to get on the Brexit wagon. Deferring Article 50 till the end of the year is a big mistake, unless there is a deliberate attempt to keep the markets worried and suppressed while remainers gather their forces. TM has to deal with AM sooner than later, and that will be interesting, given AM's stance on Article 50 needing to be enacted quickly so that the rest of the process can get started and not have to be rushed.
We live in interesting times - no matter what view is held, there is grist for the mill in all these forums. In fact it's over-shadowed many other worthy topics like Trump, the Chinese, etc,etc.
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I hold my hand up and admit that I am prejudiced --- against extremists, bigots, missionaries, politicans and journalists -- not necessarily in that order
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You guys could do with reading a bit of history - especially Social History. All societies are stratified, all have disenchanted and disenfranchised levels, and 10% of most populations hold or control 90% of the wealth. This nothing new, and no amount of "fixing" will fix it - - it's human nature. Civilised(?) man is insatiable, and his hungers are expressed in whingeing or throwing themselves into work, or art, or many of the activities available. I have never met a truly happy millionaire (and I have met a lot) but I *have* met some truly happy beggars. This has been debated since Aristotle and TVF ain't going to fix it anytime soon
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Germany's Siemens embraces 'Project Optimism' in Brexit U-turn
Europe’s largest industrial combine has vowed to press ahead with investment in Britain despite the vote to leave the EU, backing away deftly from earlier suggestions that Brexit would cause a painful freeze on new activities.
This correlates with the decision of the board of one of Europe's biggest firms to increase investment in the UK following Brexit, of which I have first hand knowledge. They were delighted by the referendum result.
I used to work for a Siemens' company in the UK, their investment in the UK economy is huge and very tightly integrated into the wider Siemens corporation - any investment message from Siemens needs to be understood in its impact on confidence on Siemens (not Siemens' confidence in the UK).
Brexit will take at least 2 years, possibly a decade, might possibly not happen at all.
The announcement from Siemens makes good business sense. For the time being.
But don't hang your hat on it.
We're doing the enabling and ground works for a £2bn development in London for the firm of which I speak. They have a total of fifty developments planned across the UK from this point on and have increased their investment in their UK operations by 10% because of Brexit.
You work for an organisation that is doing 'enabling and ground works for a £2bn development in London for a client firm', so I take it that is long term planning, regulation, risk assessment, etc (a lot of strategic planning and thinking) - and this outfit you work for has, in the short time since the referendum result, made a decision to increase its UK operations by 10% - Despite nobody having a plan for the extraction of the UK from the EU, the faintest idea when the process will begin or what the outcome of the exit process will be.
What was this 10% increase in UK operations? The purchase of a fax machine.
It would make sense, if they were paying on a Non sterling account they managed to buy at a discount.
Smart people your bosses, they know a fire sale when they see one.
This style of response does nothing to further the debate. If a posting is not taken at face value - ignore it. Responding with condescending commentary does your own argument no good at all. Many companies are saying they will increase investments in UK - now that it's out from under the EU thumb. Some are merely waiting for TM to announce that article 50 is invoked and the dealing will start - maybe Thursday.....
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You people are amazingly obtuse. I'll try again. Here's why the UK can't unilaterally impose anything.
The reason is that most fish stocks in UK waters also swim in the waters of other EU member states and/or Norway. Those countries would be able to fish on these “shared stocks” without regard to UK interests. So, to prevent a free for all and consequent overfishing, the UK, EU and Norway would need to agree on TACs, quotas and reciprocal access, just as Norway and the EU do now for theihttps://infacts.org/uk-fishermen-worse-off-outside-eu/r shared stocks.
You are consistently mixing your commentary about the fishing "areas" with the fish "stocks". Of course the UK will do deals with whoever shares adjoining waters, but that expressly does not include Spain, and many other countries currently plundering the Atlantic fish stocks all within the EEZ and with the permission of Brussels. That will stop, and UK will be happy to share with Iceland, Norway, etc as was the case many years ago, and with the guidance of fish-stock experts.
Putting aside the argument between Fishing Areas and Fishing Stocks.
The controls against overfishing and subsequent rebound of fishing stocks that were previously over fished and in danger of collapsing is an EU policy success.
It was a success for the Spanish and other fishermen, but the UK and Irish boats were tied up -- how's that a good idea?
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I'm being silly? I wasn't aware that foreigners were consuming British weather.. Or that the UKwas consuming foreigner's weather. The supply of weather is inexhaustible. The supply of fish is not. I thought it was impossible to top Missandry. But you've managed to do it. I have to hope that you were just joking. But given your previous comments, that seems unlikely.
The comprehension issues appear to be on your part. Once we exit the EU, we are free to negotiate the best terms for OUR fishing industry. Not Spain's. Not any other EU country that relies heavily on fishing. And if countries such as Spain try to ignore our treaties, we can legally send them packing with gunboat diplomacy if needs be.
Maybe you can find another news article that twists the UK fishing industry's words the way that the Grauniad one did?
You people are amazingly obtuse. I'll try again. Here's why the UK can't unilaterally impose anything.
The reason is that most fish stocks in UK waters also swim in the waters of other EU member states and/or Norway. Those countries would be able to fish on these “shared stocks” without regard to UK interests. So, to prevent a free for all and consequent overfishing, the UK, EU and Norway would need to agree on TACs, quotas and reciprocal access, just as Norway and the EU do now for theihttps://infacts.org/uk-fishermen-worse-off-outside-eu/r shared stocks.
You are consistently mixing your commentary about the fishing "areas" with the fish "stocks". Of course the UK will do deals with whoever shares adjoining waters, but that expressly does not include Spain, and many other countries currently plundering the Atlantic fish stocks all within the EEZ and with the permission of Brussels. That will stop, and UK will be happy to share with Iceland, Norway, etc as was the case many years ago, and with the guidance of fish-stock experts.
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UK waters - as agreed by international treaty - will become a UK asset -- not a spanish one. The fish species might change due to the various ecological effects, but the fishing boats will be able to provide more than enough for the home market and for export at huge prices to Spain. Hopefully UK will take a leaf out of Indonesia's book and summarily sink any foreign fishing boat caught fishing in UK waters.
I see you didn't actuallly bother to read the article I linked to. Here's a selection from it:
British fishing fleets will still be bound by international agreements on fish stocks that must now be worked out, and which may not be to their benefit.
“Promises have been made and expectations raised during the referendum campaign and it is now time to examine if and how they can be delivered,” said the National Federation of Fishermen’s Organisations.
“Unfortunately, perhaps, the UK’s geopolitical position means that it is not politically or legally possible just to ringfence most of our fish resources, in the way that, for example, Iceland can. The reality is that most of our stocks are shared with other countries to some degree or other.
The CFP along with the CAP, were rightly damned by all and sundry as brussels tied up the UK boats but allowed the spanish to continue fishing UK waters, built butter mountains and milk lakes, most of which were sold off ultra cheap to Russia. The HUGE factory fishing boat from Holland was banned from Australia for being a menace to the environment, but it was licenced by Brussels to fish in UK waters. There is no question that getting out from under the hand of Brussels will make the industry change, but not diminish. Fish stocks in Uk waters are UK's to preserve.
ANd when they migrate to Holland, are they Holland's to preserve? And to France, France's? And to Spain, Spain's? Do you think fish actually give a toss about national boundaries?
You're being silly -- does the EU control the weather for the whole of EU-land? If so I'll be glad to get out of the EU so that UK can give us our own sweet summers..
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Take a look at what EU is losing....
https://upload.wikimedia.org/wikipedia/commons/b/b7/European_Union_Exclusive_Economic_Zones.PNG
I see the French are gunning for him already -- this is going to be great fun!! 
UK expats for EU exit
in Home Country Forum
Posted
Personal perceptions sometimes get in the way of reality -- as is the case with many people when dealing with Brexit