sanemax Posted March 3, 2019 Share Posted March 3, 2019 Just now, Fairynuff said: What the UK government says and what they actually do rarely coincide Its quite safe to say that either : * Brexit is terrible because the U.K. is still following E.U. rules*.or *Brexit is terrible because the U.K has ditched E.U rules* Whatever the outcome, remainers will have a whinge about Brexit Link to comment Share on other sites More sharing options...
Golden Triangle Posted March 3, 2019 Share Posted March 3, 2019 As far as I understand it, the currency markets dislike uncertainty, with the prospect of extending Article 50, and the chance of an agreed withdrawal, this has to some extent eased those concerns. Link to comment Share on other sites More sharing options...
Baerboxer Posted March 3, 2019 Share Posted March 3, 2019 22 hours ago, sanemax said: Its debatable as to whether a strong Pound is either good or bad for the UK economy , its beneficial to the UK tourist industry , beneficial for UK exports and may help the UK in its early years of Independence , and it just means that UK retirees in Thailand just need to cut down on their drinking to compensate for the lesser Baht they are now getting Impressive - where did you get your economics and finance doctorate? Link to comment Share on other sites More sharing options...
Popular Post Baerboxer Posted March 3, 2019 Popular Post Share Posted March 3, 2019 43 minutes ago, sanemax said: Its quite safe to say that either : * Brexit is terrible because the U.K. is still following E.U. rules*.or *Brexit is terrible because the U.K has ditched E.U rules* Whatever the outcome, remainers will have a whinge about Brexit No - it'll all be a land of milk and honey. The economy will boom, the pound will rise and probably become the world's reserve currency again, the RN will rule the waves, unemployment will be zero as all those Johnny Foreigners are kept out, the NHS will flourish with all the massive cash being pumped in; even London knife crime will be eliminated. And those good old' Brexiters will be only too pleased to tell the rest of the world "told you so". Or................................. 1 6 Link to comment Share on other sites More sharing options...
sanemax Posted March 3, 2019 Share Posted March 3, 2019 2 minutes ago, Baerboxer said: Impressive - where did you get your economics and finance doctorate? Common sense really , dont need much intelligence to understand that 2 Link to comment Share on other sites More sharing options...
sanemax Posted March 3, 2019 Share Posted March 3, 2019 Just now, Baerboxer said: No - it'll all be a land of milk and honey. The economy will boom, the pound will rise and probably become the world's reserve currency again, the RN will rule the waves, unemployment will be zero as all those Johnny Foreigners are kept out, the NHS will flourish with all the massive cash being pumped in; even London knife crime will be eliminated. And those good old' Brexiters will be only too pleased to tell the rest of the world "told you so". Or................................. Who knows what will happen in the future , although its highly unlikely that the Pound will become the Worlds reserve currency again , the R.N will not expand , unemployment will never get down to zero , the NHS will always claim to be underfunded and knife crime will not be eliminated because of Brexit . You are being way to optimistic and you vision of the future just isnt going to match the reality 2 Link to comment Share on other sites More sharing options...
Jonnapat Posted March 3, 2019 Share Posted March 3, 2019 21 hours ago, Pilotman said: No it doesn't. it reflects the manoeuvring of currency speculators. They have no more idea of the UK's future prospects than my cat does. Yes, it does. Sterling have been creeping lower because of hard Brexit possibilities and has now lifted as there is still a glimmer of hope for further delay as it has become obvious that many people have changed their minds now they actually realise what a hard Brexit would mean. 2 Link to comment Share on other sites More sharing options...
terryofcrete Posted March 3, 2019 Share Posted March 3, 2019 34 minutes ago, sanemax said: Who knows what will happen in the future , although its highly unlikely that the Pound will become the Worlds reserve currency again , the R.N will not expand , unemployment will never get down to zero , the NHS will always claim to be underfunded and knife crime will not be eliminated because of Brexit . You are being way to optimistic and you vision of the future just isnt going to match the reality God rest Leonard Cohen... " I have seen the future and it's murder" .... 2 Link to comment Share on other sites More sharing options...
phantomfiddler Posted March 3, 2019 Share Posted March 3, 2019 Possibly it is the forthcoming delight that we will soon be rid of these European parasites that is fueling a rise in the quid ???? 1 Link to comment Share on other sites More sharing options...
adammike Posted March 3, 2019 Share Posted March 3, 2019 4 minutes ago, phantomfiddler said: Possibly it is the forthcoming delight that we will soon be rid of these European parasites that is fueling a rise in the quid ???? Nope that ain't it,it's because you can't get rid of our European friends and allies. 1 Link to comment Share on other sites More sharing options...
Liverpudlian Posted March 3, 2019 Share Posted March 3, 2019 43 minutes ago, terryofcrete said: God rest Leonard Cohen... " I have seen the future and it's murder" .... And there's a meter on your bed disclosing what every body knows. Link to comment Share on other sites More sharing options...
Popular Post DPKANKAN Posted March 3, 2019 Popular Post Share Posted March 3, 2019 (edited) 22 hours ago, trd said: Sterling started to rise sharply in the last few days when it became likely that Article 50 will have to be extended thereby avoiding a crash out from the EU. That's good news for the forex market. And also that the worlds biggest wealth fund from Norway has just put billions into the UK because they say the UK will be stronger after Brexit!! Edited March 3, 2019 by DPKANKAN Add image 3 Link to comment Share on other sites More sharing options...
joecoolfrog Posted March 3, 2019 Share Posted March 3, 2019 The market was extremely worried about a so called hard Brexit. Now that the chances of a no deal exit have firmly receded , Sterling has began to rise. Regardless of ones personal view of Brexit , the market hasn't liked the idea , the softer the exit , the better for Sterling. This is of course just short term , in 2 or 3 years the Brexit factor will no longer come into play and normal factors will influence the strength of Sterling. Its amusing to read some of the conspiracy theories but largely the money markets are not manipulated , they respond to fairly mundane sets of circumstances. Its very easy to predict which way Sterling will go given certain scenarios , the tricky bit is guessing the future. Link to comment Share on other sites More sharing options...
mrfill Posted March 3, 2019 Share Posted March 3, 2019 21 hours ago, BritManToo said: Pound and USD have now lost the same amount in the last 3 years ........... 15% (against Thai baht) Euro has lost 12%, so not much in it between those 3 currencies. March 2016 - 52.44THB to GBP March 2019 - 42.03THB to GBP That is a 20% drop March 2016 - 34.76THB to USD March 2019 - 31.78THB to USD That is a 9% drop March 2016 it was $1.42 = £1 and now it is $1.32 - a 7% drop The pound has actually lost a lot more than the dollar and quite a lot against the dollar itself. Link to comment Share on other sites More sharing options...
Popular Post roquefort Posted March 3, 2019 Popular Post Share Posted March 3, 2019 It's called a market. Prices go up, prices go down, according to supply and demand. Nobody "knows" which way it's going to go, whatever they might tell you. 3 Link to comment Share on other sites More sharing options...
Fairynuff Posted March 3, 2019 Share Posted March 3, 2019 4 hours ago, sanemax said: Its quite safe to say that either : * Brexit is terrible because the U.K. is still following E.U. rules*.or *Brexit is terrible because the U.K has ditched E.U rules* Whatever the outcome, remainers will have a whinge about Brexit And who would know better about whingeing than the “they need us more than we need them” brigade 2 Link to comment Share on other sites More sharing options...
AlexRich Posted March 3, 2019 Share Posted March 3, 2019 3 hours ago, Fairynuff said: And who would know better about whingeing than the “they need us more than we need them” brigade Brexit for old people is only a psychological benefit, the reality is that they gain very little whilst many other people lose a great deal (many whom will be Brexit voters). They're all going through the "denial" stage at the moment, doubling down on the madness. 1 1 Link to comment Share on other sites More sharing options...
billd766 Posted March 3, 2019 Share Posted March 3, 2019 6 hours ago, sanemax said: Common sense really , dont need much intelligence to understand that Remainers do. Link to comment Share on other sites More sharing options...
soalbundy Posted March 3, 2019 Share Posted March 3, 2019 19 hours ago, sanemax said: "Independent " from the E.U. , is what I meant . independent from your biggest market, I don't think so. 1 Link to comment Share on other sites More sharing options...
faraday Posted March 3, 2019 Share Posted March 3, 2019 42:07 this morning Link to comment Share on other sites More sharing options...
AdamKnight Posted March 4, 2019 Share Posted March 4, 2019 On 3/2/2019 at 4:16 PM, AlexRich said: Strange how those that vote Brexit believe its a great move economically, yet the prospect of a softer or no Brexit sends GBP up relative to world currencies. I'd expect a revival if May's deal gets through the commons ... a long transition period and no over the cliff exits. There wouldn't be any "over the cliff" effect on the GBP with a clean Brexit. England has done quite well without Brussels over the centuries. We disagree in English, not German by the way. GB would be diminished under rule of Brussels and what a loss to the world that would truly be. 1 1 Link to comment Share on other sites More sharing options...
Farang99 Posted March 4, 2019 Share Posted March 4, 2019 Don't worry about WHY? Just be grateful for small mercies Link to comment Share on other sites More sharing options...
Fairynuff Posted March 4, 2019 Share Posted March 4, 2019 9 hours ago, billd766 said: Remainers do. Being delusional solves all your problems, it even makes brexit look like something positive 1 Link to comment Share on other sites More sharing options...
Pilotman Posted March 4, 2019 Share Posted March 4, 2019 13 hours ago, Benroon said: Brexiteers have just ended the future for younger generations - ask them ! But <deleted> it as long as the racist xenophobic Alf Garnett type old farts are ok that’s fine we just saved them from an undemocratic future, ruled by people with whom they have no cultural, language or historical connection. 1 Link to comment Share on other sites More sharing options...
Pilotman Posted March 4, 2019 Share Posted March 4, 2019 Posters keep referring to 'the market'. The market is a bunch of currency speculators waiting to make a fortune as things twist and turn. They have no more knowledge of the future than a fair ground fortune teller. They are parasites of society and just a bunch of gamblers. The truth of all of this is that they has been little to no correlation between the value of sterling and the value of the world's stock markets on UK based and connected shares, where decisions are made on many other, longer term variables. 1 Link to comment Share on other sites More sharing options...
johnnybgood Posted March 4, 2019 Share Posted March 4, 2019 I was just reading this about sterling the former Queen of currencies. ???? https://www.zerohedge.com/news/2019-03-02/could-brexit-trigger-demise-sterling-reserve-currency-part-one Link to comment Share on other sites More sharing options...
likewise Posted March 4, 2019 Share Posted March 4, 2019 A correction in a much larger downtrend. GBp, Euro, USD.....will continue to lose out against most Asian currencies. Read up on market cycles. Link to comment Share on other sites More sharing options...
IssanMichael Posted March 4, 2019 Share Posted March 4, 2019 On 3/2/2019 at 4:46 PM, AlexRich said: The GBP exchange rate reflects future prospects for the UK. The harder the Brexit the poorer those prospects become. Please explain why and give some details. 1 Link to comment Share on other sites More sharing options...
trd Posted March 4, 2019 Share Posted March 4, 2019 we just saved them from an undemocratic future, ruled by people with whom they have no cultural, language or historical connection. Are you seriously suggesting that Britain has no connection with the rest of Europe. Have you read any European history? You use the word language in your post. Origin of language 1250–1300; Middle English Anglo-French, variant spelling of langage, derivative of langue tongue Link to comment Share on other sites More sharing options...
BritManToo Posted March 4, 2019 Share Posted March 4, 2019 20 minutes ago, trd said: Have you read any European history? Mostly England fighting wars with every other EU country for domination of the world. Link to comment Share on other sites More sharing options...
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