Brexit brinkmanship: Johnson says prepare for no-deal, cancels trade talks

[AndrewMciver]

7 hours ago, Tofer said:

I love these financial experts. I had somebody telling me the pound would be worth half what it is today...

 

Still waiting.....

 

Moodys and the Bank of England are predicting a 20% fall in the Pound if there is a no deal Brexit. 

 

I was getting 55 Baht to the pound weeks before Brexit. I am lucky if i get 40 now. That's more than 20% fall. 

 

Another 20% and you are looking at 30 Baht to the pound. But hey those fish ! 

[nauseus]

53 minutes ago, AndrewMciver said:

 

Moodys and the Bank of England are predicting a 20% fall in the Pound if there is a no deal Brexit. 

 

I was getting 55 Baht to the pound weeks before Brexit. I am lucky if i get 40 now. That's more than 20% fall. 

 

Another 20% and you are looking at 30 Baht to the pound. But hey those fish ! 

Yet again another dingbat conveniently disregarding the 13% rise in the Baht over the last 5 years.

[dimitriv]

21 minutes ago, nauseus said:

Yet again another dingbat conveniently disregarding the 13% rise in the Baht over the last 5 years.

 

Compared with the GBP. Only 6% compared to the Euro. 

[AndrewMciver]

21 minutes ago, nauseus said:

Yet again another dingbat conveniently disregarding the 13% rise in the Baht over the last 5 years.

 

Which means a fall in the Pound will be even worst.

 

Do you ackowledge that the vote caused a 20% fall in the value of the pound? If you are denial by this FACT then there is no hope to even have a conversation.

 

Then all major forecasters are saying the Pound will collapse another 20% (minimum) - even a forced collapase to keep exports competative. 

 

And you are okay with this ? 

[vinny41]

23 minutes ago, AndrewMciver said:

 

Which means a fall in the Pound will be even worst.

 

Do you ackowledge that the vote caused a 20% fall in the value of the pound? If you are denial by this FACT then there is no hope to even have a conversation.

 

Then all major forecasters are saying the Pound will collapse another 20% (minimum) - even a forced collapase to keep exports competative. 

 

And you are okay with this ? 

Can you provide a link where the "major forecasters" have stated the pound will  collapse another 20% (minimum)

as all the links I have found they have used the words could and none of then have used the word minimum

I am aware that there are some people that  like to talk currencies down in order to buy low and sell when the currency increases in value

[izod10]

4 hours ago, AndrewMciver said:

 

Moodys and the Bank of England are predicting a 20% fall in the Pound if there is a no deal Brexit. 

 

I was getting 55 Baht to the pound weeks before Brexit. I am lucky if i get 40 now. That's more than 20% fall. 

 

Another 20% and you are looking at 30 Baht to the pound. But hey those fish ! 

..and the euro  lol

[englishoak]

2 hours ago, AndrewMciver said:

 

Which means a fall in the Pound will be even worst.

 

Do you ackowledge that the vote caused a 20% fall in the value of the pound? If you are denial by this FACT then there is no hope to even have a conversation.

 

Then all major forecasters are saying the Pound will collapse another 20% (minimum) - even a forced collapase to keep exports competative. 

 

And you are okay with this ? 

kindly link all your major forecasters. A no deal is mostly already priced in and has been since we triggered article 50 from all my reading. The covid stimulus madness imo is likely to have more an impact on the £ than having no deal for a few months after Jan 1 2021... 

 

Joe public might think otherwise given the news cycle as deadlines loom but talks will automatically resume from next year anyway in the event of the UK leaving initially with no deal. A no deal isnt forever, only at the point the UK leaves without one..No one is talking about that yet but new talks will kick in the moment we are gone I assure you, This has always been known in the city at least. 

 

 There will of course be a deal in time of some sort regardless of all the posturing, it should be obvious given both sides want one that one will happen sooner or later,  this is accepted in the city and most serious business circles, if anyone thinks otherwise they arnt being realistic or paying attention.

 

That the UK decouples from as much influence from the EU as possible is the current aim and game in play. Once this chapter is over no matter how it plays out, a new one will begin. 

 

Remember its just politics and business, the great game of moves and counter moves will continue on as it always has.

 

World economies and personal freedoms are all going to hell in a handbasket atm and that is far more a problem for the little people imo. 

[BritManToo]

5 hours ago, AndrewMciver said:

Moodys and the Bank of England are predicting a 20% fall in the Pound if there is a no deal Brexit. 

BoE is a globalist organisation, they've always been leaders in Project Fear.

As far as I can see the Euro is likely to do worse than the pound.

All the Euro countries are having severe economic problems.

[luckyluke]

2 hours ago, BritManToo said:

As far as I can see the Euro is likely to do worse than the pound.

All the Euro countries are having severe economic problems.

Correct.

However it is my opinion that for many countries, like mine, things would be worse if we weren't part of an important group.

[Scott]

Off-topic, baiting, troll posts removed.   If you have nothing to add to the discussion, please don't post.  

 

[transam]

12 hours ago, Hi from France said:

it's more complicated than that : what I read here

https://www.theguardian.com/politics/2020/oct/16/boris-johnson-australia-style-trading-system-brexit-uk

 

.... is that if the UK wanted a Canada-style deal, it should simply have planned to do so, e.g. the English imposing a very tight schedule simply does not give enough time. The very limited schedule an refusal to extend the negociation can only allow an "all or nothing / no quota" deal.

 

Brexit was a British demand (more English in fact, since Scotland and Northern Ireland wanted to remain), and it is the the brits above all, who are setting the timetable.

 

The CETA negociations started in 2008

https://en.wikipedia.org/wiki/Comprehensive_Economic_and_Trade_Agreement

You are French and post links from the Guardian, hmmmmm, don't I know you from somewhere....????

[Tofer]

13 hours ago, Hi from France said:

it's more complicated than that : what I read here

https://www.theguardian.com/politics/2020/oct/16/boris-johnson-australia-style-trading-system-brexit-uk

 

.... is that if the UK wanted a Canada-style deal, it should simply have planned to do so, e.g. the English imposing a very tight schedule simply does not give enough time. The very limited schedule an refusal to extend the negociation can only allow an "all or nothing / no quota" deal.

 

Brexit was a British demand (more English in fact, since Scotland and Northern Ireland wanted to remain), and it is the the brits above all, who are setting the timetable.

 

The CETA negociations started in 2008

https://en.wikipedia.org/wiki/Comprehensive_Economic_and_Trade_Agreement

Yes, the EU would have loved another extension to the transition period - more money in their coffers for nothing in return. They've already managed to drag it out over 5 years with the complicit T May, enough is enough.

[Tofer]

12 hours ago, RayC said:

You and Johnson might think a Canada style deal 'mutually beneficial', but the UK government has obviously failed to convince the EU that is the case and that's what matters .

The EU were happy enough with a Canada style deal with Canada. What's the difference??

[nauseus]

7 hours ago, AndrewMciver said:

 

Which means a fall in the Pound will be even worst.

 

Do you ackowledge that the vote caused a 20% fall in the value of the pound? If you are denial by this FACT then there is no hope to even have a conversation.

 

Then all major forecasters are saying the Pound will collapse another 20% (minimum) - even a forced collapase to keep exports competative. 

 

And you are okay with this ? 

So you do acknowledge the rise in the baht. Good.

 

If there is no hope for a conversation why all the extra questions?

[nauseus]

29 minutes ago, Tofer said:

Yes, the EU would have loved another extension to the transition period - more money in their coffers for nothing in return. They've already managed to drag it out over 5 years with the complicit T May, enough is enough.

Exactly.

[nauseus]

13 hours ago, Hi from France said:

not well either indeed, I do not really dare looking it up ...

 

now, what I'm simply stating is there is a very very big additional issue for the UK here. The national debt, that was previously quite well-managed (at a terrible cost for poverty in the country and the NHS in my opinion), has become another handicap.

 

now this is another matter, but about Covid, the UE has set up a €750bn (£682bn) pandemic recovery fund. Given that the UK is the hardest-hit economy in Europe after Spain (please correct me if needed), it seems to me that being a member the UE now would really a huge help for a hard-hit country, and the UK missed that.

How about Greece?

[Misab]

On 10/17/2020 at 6:57 AM, bodga said:

I see 20 weak  countries  bailed  out by a  very few stronger  ones, how do you see that

I see the EU as the best thing that has happened in Europe. The problem was the UK, who always wanted more and wanted to paid less, but now they are out. Thanks you so much. Finally, let them be happy, let them leave without a deal.

Edited October 18, 2020 by Misab

[andyg75]

9 hours ago, AndrewMciver said:

 

Moodys and the Bank of England are predicting a 20% fall in the Pound if there is a no deal Brexit. 

 

I was getting 55 Baht to the pound weeks before Brexit. I am lucky if i get 40 now. That's more than 20% fall. 

 

Another 20% and you are looking at 30 Baht to the pound. But hey those fish ! 

I’ve been living here since 2008 and I don’t remember getting 55 tbh to the pound just before brexit

[transam]

4 minutes ago, Misab said:

I see the EU as the best thing that has happened in Europe. The problem was the UK, who always wanted more and wanted to paid less, but now they are out. Thanks you so much. Finally, let them be happy, let them leave without a deal.

The Funniest thing I have read today.........

 

PS. I think you had better take another look at your sums, and discover how much money the UK was throwing into the EU coffers against the other 27 countries....????

But yes, we most certainly are happy to be out of the EU, you can stew there chap...

[Mavideol]

14 hours ago, Tofer said:

We don't want any special deals from EU, a simple Canada style deal will do, not contingent on any good will, or preferential treatment of a previous member state. No cherries, no cake, just a simple straight forward, unencumbered, mutually beneficial deal will do.

if that's is (was) the case why the UK keeps going back and forth asking for more and more concessions .... did you heard BJ last week  asking for a "special" treatment from the EU based on the 45 years relationship they had,  if that was not asking for a special deal....

[transam]

7 minutes ago, andyg75 said:

I’ve been living here since 2008 and I don’t remember getting 55 tbh to the pound just before brexit

https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/gbp/GBP-to-THB

[andyg75]

18 minutes ago, andyg75 said:

I’ve been living here since 2008 and I don’t remember getting 55 tbh to the pound just before brexit

Thinking about it I don’t think I was getting 55tbh back in 2008 so where did this figure of 55 Thb just before brexit come from

[nauseus]

4 minutes ago, andyg75 said:

Thinking about it I don’t think I was getting 55tbh back in 2008 so where did this figure of 55 Thb just before brexit come from

In 2008 it was mainly over 60 until near the end of year.

[yodsak]

[transam]

5 minutes ago, andyg75 said:

Thinking about it I don’t think I was getting 55tbh back in 2008 so where did this figure of 55 Thb just before brexit come from

You were getting Jan 2008 high 50's then in the 60's, started dropping off late 2008..

[yodsak]

55. 1st Nov 2015

[Surelynot]

44 minutes ago, andyg75 said:

I’ve been living here since 2008 and I don’t remember getting 55 tbh to the pound just before brexit

 

[andyg75]

Wow you surprise me,I don’t remember getting that much,always remember it in the high 40s,but he never got that just before brexit

[Misab]

50 minutes ago, transam said:

The Funniest thing I have read today.........

 

PS. I think you had better take another look at your sums, and discover how much money the UK was throwing into the EU coffers against the other 27 countries....????

But yes, we most certainly are happy to be out of the EU, you can stew there chap...

Yes, you paid a lot so do all the others EU countries but you forget the benefits, the value of the free trade deal, this alone was worth more than you paid. What do you think is the reason for the big drop in your exchange rate vis-à-vis other countries?

[transam]

1 minute ago, Misab said:

Yes, you paid a lot so do all the others EU countries but you forget the benefits, the value of the free trade deal, this alone was worth more than you paid. What do you think is the reason for the big drop in your exchange rate vis-à-vis other countries?

Keep it up...........................????