1 hour ago, bomber said:

mays deal will go through parliament,its not a good deal but it was always about damage limitation,gibraltar means nothing,if spain want it that much sell them the useless waste of space and give them money to the benefit scroungers who retire aged 47

Perhaps Spain would like to give up the Canary Islands in the process ?

 

Its already started

 

https://www.9news.com.au/2019/02/17/23/49/uk-news-airline-collapse-fly-bmi-british-midland-europe

 

"Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and a lack of confidence around bmi's ability to continue flying between destinations in Europe," the airline said on its website late Saturday.

 

god save the sterling

Edited February 17, 20197 yr by madmen

2 minutes ago, madmen said:

Its already started

 

https://www.9news.com.au/2019/02/17/23/49/uk-news-airline-collapse-fly-bmi-british-midland-europe

 

"Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and a lack of confidence around bmi's ability to continue flying between destinations in Europe," the airline said on its website late Saturday.

 

god save the sterling

Bit late to the party but welcome anyhow.... ????

 

 

2 hours ago, bomber said:

eu is 26 nations,you state which are going into recession and it will be very few if any other than italy,UK is doing ok for now but only until you know what,and imagine how well we would of done without all the chaos,back to the top of the table instead of 1 place of the bottom,never mind iran and chile have big plans for us.

26? thought EU had 28 member states

 

4 hours ago, Chelseafan said:

I'm a remainer...as I have mentioned many times but I have a balanced view rather than an emotional one and fake news is something we could do without at this stage.

 

The exchange rate IS the currency WHICH IS A SMALL PART OF PETROL PRICES.

If you want to continue on this train then in 1800 there were $5 to one pound!

 

Only 30% of the price you pay is directly affected by currency and that's the cost of goods. Most of it is VAT and Duty.

 

https://www.racfoundation.org/data/uk-daily-fuel-table-with-breakdown

 

 

 

 

Oh dear. You may have confused Basil B by including a link and facts.

6 hours ago, bomber said:

your wrong about the pound being over valued before the vote,€1.32 was around average for 10-15 year period and possibly lower.

It was overvalued. Have a read of this. The key paragraph is here:

 

In February, the International Monetary Fund said the sterling was overvalued by somewhere between 5% and 15% in 2015. Just before the referendum, the IMF put the over-valuation slightly higher, saying that sterling was overvalued by between 5% and 20% in 2015. Other experts, like the former governor of the Bank of England and the IMF, have agreed that sterling was overvalued.

 

https://fullfact.org/economy/exchange-rates-and-imf/

 

5 minutes ago, CG1 Blue said:

It was overvalued. Have a read of this. The key paragraph is here:

 

In February, the International Monetary Fund said the sterling was overvalued by somewhere between 5% and 15% in 2015. Just before the referendum, the IMF put the over-valuation slightly higher, saying that sterling was overvalued by between 5% and 20% in 2015. Other experts, like the former governor of the Bank of England and the IMF, have agreed that sterling was overvalued.

 

https://fullfact.org/economy/exchange-rates-and-imf/

 

what does overvalued mean?

 

currency guys sell/buy currency according to their fancies

same with banks dealing with foreign currency

 

price of quid? demand-supply

 

what is overvalued?

 

56 minutes ago, melvinmelvin said:

26? thought EU had 28 member states

 

Bomber says 26, so it must be 26. It is written.

1 minute ago, nauseus said:

Bomber says 26, so it must be 26. It is written.

you are quite right

26 was written

 

1 hour ago, madmen said:

Its already started

 

https://www.9news.com.au/2019/02/17/23/49/uk-news-airline-collapse-fly-bmi-british-midland-europe

 

"Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and a lack of confidence around bmi's ability to continue flying between destinations in Europe," the airline said on its website late Saturday.

 

god save the sterling

Failing and incompetent managements must be delighted with Brexit. Problem? Blame Brexit!

Woolworths, MFI and British Leyland must wish they could have held out a few more years so they could blame their demise on "Brexit Uncertainty"

 

 

 

 

 

 

2 minutes ago, aright said:

Failing and incompetent managements must be delighted with Brexit. Problem? Blame Brexit!

Woolworths, MFI and British Leyland must wish they could have held out a few more years so they could blame their demise on "Brexit Uncertainty"

 

 

 

 

 

 

And they will be collecting their bonuses, nevertheless....

Regarding the baht, this is a good recent account; its rise is probably not over yet. 

 

https://www.bloomberg.com/news/articles/2019-02-17/what-can-stop-the-baht-thai-gdp-could-give-rally-further-boost?srnd=markets-vp

 

 

22 minutes ago, melvinmelvin said:

what does overvalued mean?

 

currency guys sell/buy currency according to their fancies

same with banks dealing with foreign currency

 

price of quid? demand-supply

 

what is overvalued?

 

It just means that if you look at all the fundamentals it should be lower. Same with shares. People are paid a lot of money to spot overvalued and undervalued companies. Demand for shares can inflate the share price beyond it's fundamental value. 

The pound probably stays relatively high because globally it is seen as a safe currency. 

just a comment in general

 

lots of countries and people are sick of the flood of Directives addressing this and that,

what have you, banana curvature  - cucumber curvature etc etc

 

funny;

Norwegian police and Vehicle authorities and Road authorities

are crying out loud for more EU directives addressing heavy transport vehicles

 

This winter is worse than average, extremely difficult driving conditions in Norway and

Sweden, I suspect also in Finland and Russia. People perish.

 

Most problems stem from central and eastern European vehicles,

vehicles are not suited for reality. Drivers have no knowledge about driving on snow and ice.  

 

So far this year Norwegian authorities have checked 10 000 vehicles,

5000 are denied entry to Norway. Some drivers expelled. Pretty wild.

Harsh, but police do not fancy people perishing on the roads.

 

This is maybe the only case I know of where people are dying for more directives.

 

(if anyone is interested I can explain what the essence of the problem is)

 

7 minutes ago, CG1 Blue said:

It just means that if you look at all the fundamentals it should be lower. Same with shares. People are paid a lot of money to spot overvalued and undervalued companies. Demand for shares can inflate the share price beyond it's fundamental value. 

The pound probably stays relatively high because globally it is seen as a safe currency. 

sounds a bit flaky to me cg1blue,

people have more pounds in their pockets than what is generally considered

financially sound - hence pounds are overvalued?

 

supply/demand ain't no bad indicator of value - in my view

 

 

 

49 minutes ago, CG1 Blue said:

It was overvalued. Have a read of this. The key paragraph is here:

 

In February, the International Monetary Fund said the sterling was overvalued by somewhere between 5% and 15% in 2015. Just before the referendum, the IMF put the over-valuation slightly higher, saying that sterling was overvalued by between 5% and 20% in 2015. Other experts, like the former governor of the Bank of England and the IMF, have agreed that sterling was overvalued.

 

https://fullfact.org/economy/exchange-rates-and-imf/

 

Same people who gave the Uk was it 1 or 2 downgrades based on the whole economy...and will deliver another one if your wish is delivered...not daft are they ????

34 minutes ago, aright said:

Failing and incompetent managements must be delighted with Brexit. Problem? Blame Brexit!

Woolworths, MFI and British Leyland must wish they could have held out a few more years so they could blame their demise on "Brexit Uncertainty"

 

 

 

 

 

 

Leylannd ???????? British made suicude....most clowna blamed maggie..theze days its germany with a hint of the Eu

4 hours ago, tebee said:

And Spain may not have a functioning government

So wheres the problem? we seem to bounce along OK with a dysfunctional Government here in the UK...

28 minutes ago, bomber said:

Leylannd ???????? British made suicude....most clowna blamed maggie..theze days its germany with a hint of the Eu

Bombs away!

1 hour ago, melvinmelvin said:

lots of countries and people are sick of the flood of Directives addressing this and that,

what have you, banana curvature  - cucumber curvature etc etc

Myths.

 

For more such, see Euromyths A-Z index

1 hour ago, bomber said:

2 hours ago, CG1 Blue said:

It was overvalued. Have a read of this. The key paragraph is here:

 

In February, the International Monetary Fund said the sterling was overvalued by somewhere between 5% and 15% in 2015. Just before the referendum, the IMF put the over-valuation slightly higher, saying that sterling was overvalued by between 5% and 20% in 2015. Other experts, like the former governor of the Bank of England and the IMF, have agreed that sterling was overvalued.

 

https://fullfact.org/economy/exchange-rates-and-imf/

 

Same people who gave the Uk was it 1 or 2 downgrades based on the whole economy...and will deliver another one if your wish is delivered...not daft are they ????

Is that a round about way of admitting you were wrong - again? 

1 hour ago, 7by7 said:

Myths.

 

For more such, see Euromyths A-Z index

Obviously unbiased, as it’s from the E.u.

But I must admit there will be some redundancies, due to our leaving this so called onion.

 

 

Edited February 17, 20197 yr by nontabury

1 hour ago, CG1 Blue said:

Is that a round about way of admitting you were wrong - again? 

IMF are independent,iam not wrong,no major neutral think tanks think the UK will prosper after brexit,surely even you can see that.

IMF downgrades UK growth forecast on Brexit uncertainty - BBC News.html

3 hours ago, melvinmelvin said:

you are quite right

26 was written

 

its a big club 25/26/27 or 28,  billy no mates with iran and chile will prosper iam sure,wine and kebabs are the future who needs ford,nissan,toyota,honda,airbus

5 minutes ago, bomber said:

IMF are independent,iam not wrong,no major neutral think tanks think the UK will prosper after brexit,surely even you can see that.

IMF downgrades UK growth forecast on Brexit uncertainty - BBC News.html 208.54 kB · 0 downloads

Hang on, you said the pound wasn't overvalued. I showed you evidence showing it was overvalued. 

Now you've changed the subject to UK growth forecasts. As I've said before, debating you with you is like trying to herd cats ????

3 minutes ago, bomber said:

its a big club 25/26/27 or 28,  billy no mates with iran and chile will prosper iam sure,wine and kebabs are the future who needs ford,nissan,toyota,honda,airbus

Ford , Nissan , Toyota and Honda are USA and Japanese companies .

Are you suggesting that leaving the E.U. will mean the UK cannot trade with USA and Japanese companies ?

   Confused .

3 hours ago, aright said:

Failing and incompetent managements must be delighted with Brexit. Problem? Blame Brexit!

Woolworths, MFI and British Leyland must wish they could have held out a few more years so they could blame their demise on "Brexit Uncertainty"

 

you state idiotic UK failures,Nissan,Toyota,Ford,JAL,bmw/mini,Airbus are different animals to your pre- historic disosuars examples,get real its 2019 not 1975

 

 

 

 

 

21 minutes ago, bomber said:

IMF are independent,iam not wrong,no major neutral think tanks think the UK will prosper after brexit,surely even you can see that.

IMF downgrades UK growth forecast on Brexit uncertainty - BBC News.html 208.54 kB · 0 downloads

 

Neutral. I think not.

26 minutes ago, bomber said:

IMF are independent,iam not wrong,no major neutral think tanks think the UK will prosper after brexit,surely even you can see that.

IMF downgrades UK growth forecast on Brexit uncertainty - BBC News.html 208.54 kB · 0 downloads

If you believe that think-tanks are independent and free from political persuasion then you are naive in the extreme.

Having said that Mark Carney made overtures last week that the UK could prosper with a no-deal....for what its worth.

Personally I think a deal will be done. There is no way that the UK Government/EU will allow a no-deal.

 

 

Edited February 17, 20197 yr by Chelseafan

8 minutes ago, sanemax said:

Ford , Nissan , Toyota and Honda are USA and Japanese companies .

Are you suggesting that leaving the E.U. will mean the UK cannot trade with USA and Japanese companies ?

   Confused .

you need to turn on a UK tv set,these companies are seething with brexit,i heard a airbus boss on the radio today saying stockpiling because of brexit had cost £10 million,do you rally think these people want brexit,get real man,i was talking to friends who work at nissan today and they say it will be gone in 5-10 years,wont affect you tho being a pensioner