"Britain’s pound is beating every other major currency this year"

 

"Sterling hit its highest level against the US dollar in 10 months on Tuesday, topping $1.25 for the first time since June 2022. The pound, which has advanced about 3.3% versus the greenback since the start of 2023, is the best-performing currency among developed economies this year".

 

https://edition.cnn.com/2023/04/04/investing/british-pound-currency-dollar/index.html

 

The independent UK must finally be doing something right

2 hours ago, Wobblybob said:

Hearsay........link please!

A few posts above the author of that statement acknowledged it.

1 hour ago, transam said:

Link, please...............????

See Matt Mickmanus's post above.

9 minutes ago, Seppius said:

"Britain’s pound is beating every other major currency this year"

 

"Sterling hit its highest level against the US dollar in 10 months on Tuesday, topping $1.25 for the first time since June 2022. The pound, which has advanced about 3.3% versus the greenback since the start of 2023, is the best-performing currency among developed economies this year".

 

https://edition.cnn.com/2023/04/04/investing/british-pound-currency-dollar/index.html

 

The independent UK must finally be doing something right

 

……and there are probably morons on here still predicting GBP parity with USD and EUR!

13 hours ago, Mac Mickmanus said:

That was 3 months ago, so now its 49 years and 9 months left to wait until we can judge Brexit 

You can wait if you like, others are choosing not to.

7 minutes ago, placeholder said:

A few posts above the author of that statement acknowledged it.

It took the British people 50 years to realise that it was a mistake to join the E.U , 50 years of being in the E.U before we decided we didn't like it and time to leave .

  50 years is a reasonable  time frame to decide whether we like being out the E.U , lets reconsider and think again in 2083

15 minutes ago, Seppius said:

"Britain’s pound is beating every other major currency this year"

 

"Sterling hit its highest level against the US dollar in 10 months on Tuesday, topping $1.25 for the first time since June 2022. The pound, which has advanced about 3.3% versus the greenback since the start of 2023, is the best-performing currency among developed economies this year".

 

https://edition.cnn.com/2023/04/04/investing/british-pound-currency-dollar/index.html

 

The independent UK must finally be doing something right

Sure! Have you noticed the trend since 2016?

https://www.xe.com/currencycharts/?from=GBP&to=USD&view=10Y

8 minutes ago, candide said:

Sure! Have you noticed the trend since 2016?

https://www.xe.com/currencycharts/?from=GBP&to=USD&view=10Y

Yes, we are approaching the sunny uplands now, as promised 

31 minutes ago, placeholder said:

A few posts above the author of that statement acknowledged it.

Is it too difficult to provide the requested link, I have looked but all to no avail.☹️

Brexit was Johnson and Johnson was Brexit. 

 

  The Guardian seem to be trying to re write history , the U.K voted for Brexit first and then after that Boris came along and implemented the will of the public . 

  Johnson WASNT Brexit , he just did what the public asked him to do , that is what Politicians are supposed to do 

2 minutes ago, Mac Mickmanus said:

Brexit was Johnson and Johnson was Brexit. 

 

  The Guardian seem to be trying to re write history , the U.K voted for Brexit first and then after that Boris came along and implemented the will of the public . 

  Johnson WASNT Brexit , he just did what the public asked him to do , that is what Politicians are supposed to do 

The public didn’t vote to withdraw from the Single Market and the Customs Union.

 

That’s what the extremists in the ERG wanted, and what Johnson gave them.

 

The public, British businesses and tge UK economy are paying the price.

42 minutes ago, Mac Mickmanus said:

Yes, we are approaching the sunny uplands now, as promised 

Any idea when they will come into view?

3 hours ago, vinny41 said:

Would Europe want us back?

Rishi Sunak believes there’s no way back to the EU. Three years after we officially left, the feeling’s increasingly mutual

https://www.theneweuropean.co.uk/would-europe-want-us-back-dave-keating/

Interesting article. Thanks for posting.

 

Imo the author is too pessimistic. There would, undoubtedly, be issues in rejoining but the bottom line is that it would be in both parties' interests.

 

The UK could start to repair the damage done to its' economy, reputation and international standing and the EU regains the benefits of having what is still - despite the damage down - the biggest European power currently outside the bloc (and, yes, the addition of a likely net contributor to the EU budget helps as well).

1 hour ago, Mac Mickmanus said:

It took the British people 50 years to realise that it was a mistake to join the E.U , 50 years of being in the E.U before we decided we didn't like it and time to leave .

  50 years is a reasonable  time frame to decide whether we like being out the E.U , lets reconsider and think again in 2083

It's taking them a lot less time to learn it wasn't a mistake after all. Reality  is an excellent teacher.

2 minutes ago, placeholder said:

It's taking them a lot less time to learn it wasn't a mistake after all. Reality  is an excellent teacher.

The Pound is now doing  quite well against the Baht (44) , if the U.K decided to re-join the E.U , then the Pound will fall against the Baht and it will go back down to 37 .

  Be careful what you wish for 

8 minutes ago, Mac Mickmanus said:

The Pound is now doing  quite well against the Baht (44) , if the U.K decided to re-join the E.U , then the Pound will fall against the Baht and it will go back down to 37 .

  Be careful what you wish for 

First off, using the Baht as any kind of measuring stick is kind of bizarre.

What's even more bizarre is that you forecast the pound falling if the UK rejoins the EU? Why do you think that the currency markets would look unfavorably on such a development?

1 minute ago, placeholder said:

First off, using the Baht as any kind of measuring stick is kind of bizarre.

What's even more bizarre is that you forecast the pound falling if the UK rejoins the EU? Why do you think that the currency markets would look unfavorably on such a development?

The Financial markets hate uncertainty and they wont invest anywhere where they are uncertain of the future , that is why the Pound declined for the four years after the Brexit vote .

   If the U.K decided to re-join the E.U , it will be another few year of uncertainty and a declining Pound 

42 minutes ago, RayC said:

Interesting article. Thanks for posting.

 

Imo the author is too pessimistic. There would, undoubtedly, be issues in rejoining but the bottom line is that it would be in both parties' interests.

 

The UK could start to repair the damage done to its' economy, reputation and international standing and the EU regains the benefits of having what is still - despite the damage down - the biggest European power currently outside the bloc (and, yes, the addition of a likely net contributor to the EU budget helps as well).

a likely net contributor to the EU budget ????

41 minutes ago, placeholder said:

It's taking them a lot less time to learn it wasn't a mistake after all. Reality  is an excellent teacher.

Reality is the mistake of joining in the first place.

41 minutes ago, Mac Mickmanus said:

The Pound is now doing  quite well against the Baht (44) , if the U.K decided to re-join the E.U , then the Pound will fall against the Baht and it will go back down to 37 .

  Be careful what you wish for 

The pound will increase again when the UK next hikes interest rates.

 

Be careful what you wish for.

21 minutes ago, Mac Mickmanus said:

The Financial markets hate uncertainty and they wont invest anywhere where they are uncertain of the future , that is why the Pound declined for the four years after the Brexit vote .

   If the U.K decided to re-join the E.U , it will be another few year of uncertainty and a declining Pound 

Plus the Euro is down after the German technical recession news, anyway.

34 minutes ago, placeholder said:

First off, using the Baht as any kind of measuring stick is kind of bizarre.

 

Isn't that the only or prime concern of the Brits who are living in Thailand ?

  The Pound/ Baht exchange rate ?

Are they bothered about there being one supermarket in the U.K that isn't fully stocked and that wagon wheels have got even smaller ?

   Nope, its the Pound/Baht exchange rate that is their point of interest 

5 hours ago, nauseus said:

You are very funny every day.

The only way left of dealing with this cluster ????

The UK is still paying the EU 900 million Euros a month, still 21 billion left to pay for the "divorce"

45 minutes ago, nauseus said:

a likely net contributor to the EU budget ????

Give the UK enough time out of the EU and it may wind up a net recipient.

On 6/16/2023 at 3:25 PM, nauseus said:

But you can use the Guardian to wipe your bum! 

Incredible what the latest model of handheld devices can do!

Is it self-cleaning?

48 minutes ago, nauseus said:

a likely net contributor to the EU budget ????

I think that it is very unfair of you to moke me.

 

I inserted "likely" into the sentence to avoid incurring the wrath of (some of) your fellow Brexiters. You know how much they dislike predictions of the future and/or definite statements.

 

Surely you haven't forgotten that Brexit is a seemingly endless process?????

18 hours ago, Mac Mickmanus said:

If that was the case, a U.K Political party getting elected on the "Re-join the E.U* party line , why have none of the Political parties took that stance ?

   Labour have rejected the idea of Re-joining the E.U , why don't any of the smaller parties run with that policy ?

   For better or worse, the U.K has left the E.U and moved on and getting on with it and will not be re-joining anytime soon 

  

Lib dems and Green party  would re-join.  Starmer is back tracking and gone very quiet about their position and will go with public opinion when push comes to push.  Sunak is sticking to the party line because their credibility is so weak he fears a u-turn at this stage would cause a Tory revolt.

 

When pushed about a coalition between Labour and Lib Dems, both sides are saying that they are looking for an outright win.  However both have said a coalition is possible and Ed Davey has said if that is the case then re-joining the EU would definitely be on the cards.

 

It will happen sooner or later.  There has been a massive swing in all the polls and most people accept now that Brexit was a complete cock up and based on lies.

 

I note that you now say "for better or worse" so it appears that even you seem to admit that it wasn't the golden opportunity it was being sold as.  So do we live with it being worse or change it? People seem to be heading towards the latter.

1 hour ago, Mac Mickmanus said:

The Pound is now doing  quite well against the Baht (44) , if the U.K decided to re-join the E.U , then the Pound will fall against the Baht and it will go back down to 37 .

  Be careful what you wish for 

When the UK decides to rejoin the EU, the pound will appreciate overnight by 10+% because of the boost to the economy brought about by, once again, being a part of the world's largest trading bloc. The pound will then increase to an all-time high vis-a-vis the baht within 6 months.

 

(Please read the post to which I am replying before making any 'opinion not fact', 'predict the future', etc. replies?)

5 minutes ago, dunroaming said:

Lib dems and Green party  would re-join.  Starmer is back tracking and gone very quiet about their position and will go with public opinion when push comes to push.  Sunak is sticking to the party line because their credibility is so weak he fears a u-turn at this stage would cause a Tory revolt.

 

When pushed about a coalition between Labour and Lib Dems, both sides are saying that they are looking for an outright win.  However both have said a coalition is possible and Ed Davey has said if that is the case then re-joining the EU would definitely be on the cards.

 

It will happen sooner or later.  There has been a massive swing in all the polls and most people accept now that Brexit was a complete cock up and based on lies.

 

I note that you now say "for better or worse" so it appears that even you seem to admit that it wasn't the golden opportunity it was being sold as.  So do we live with it being worse or change it? People seem to be heading towards the latter.

Starmer/Labour have publicly stated that they will not seek to re-join the E .U and Ed Davey has stated that the Lib/Dems are not a re-join the E.U party .

   I was speaking about the general opinion  of the British public , like, , we left the E.U and now just get on with it .