If Scotland votes to leave is the pound doomed?

[jpinx]

No jpinx, I can't, because someone's renting my property.

OK - it's beyond the scope of this topic to explore more, but with creative thinking it's probably possible.

[i claudius]

Pound going back up looks like Scotland will stay as I have always said they get too much to leave .turkeys never vote for Xmas

[metisdead]

A post with formatting errors has been removed as well as a reply.

[chiang mai]

Pound going back up looks like Scotland will stay as I have always said they get too much to leave .turkeys never vote for Xmas

Maybe, maybe not, it will be a long wait until Thursday for some people.

a Guardian/ICM poll put the "No" vote at 51%, with "Yes" on 49%.

I wonder how many holders of GBP are now wishing they'd invested more heavily in THB, whilst the exchange rates were attractive. I don't know how many posters saw the UK funds outflow figures for August but it reached over GBP 17 bill., the highest monthly capital outflow figures since Lehmans, international investors are skittish and external investment is what the current UK recovery is based on, that and consumer spending. Buckle up!

Edited September 13, 2014 by chiang mai

[i claudius]

Pound going back up looks like Scotland will stay as I have always said they get too much to leave .turkeys never vote for Xmas

Maybe, maybe not, it will be a long wait until Thursday for some people.

a Guardian/ICM poll put the "No" vote at 51%, with "Yes" on 49%.

I wonder how many holders of GBP are now wishing they'd invested more heavily in THB, whilst the exchange rates were attractive. I don't know how many posters saw the UK funds outflow figures for August but it reached over GBP 17 bill., the highest monthly capital outflow figures since Lehmans, international investors are skittish and external investment is what the current UK recovery is based on, that and consumer spending. Buckle up!

it is now reported that the guardian survey was flawed and that the no vote was higher thus the pound going up but then I even check the date if its on the front of that left wing rag

[chiang mai]

Pound going back up looks like Scotland will stay as I have always said they get too much to leave .turkeys never vote for Xmas

Maybe, maybe not, it will be a long wait until Thursday for some people.

a Guardian/ICM poll put the "No" vote at 51%, with "Yes" on 49%.

I wonder how many holders of GBP are now wishing they'd invested more heavily in THB, whilst the exchange rates were attractive. I don't know how many posters saw the UK funds outflow figures for August but it reached over GBP 17 bill., the highest monthly capital outflow figures since Lehmans, international investors are skittish and external investment is what the current UK recovery is based on, that and consumer spending. Buckle up!

it is now reported that the guardian survey was flawed and that the no vote was higher thus the pound going up but then I even check the date if its on the front of that left wing rag

What was reported where?

Your views on the assumed political leanings of UK newspapers is not relevant to the subject matter.

Hilarious that you think the Forex markets rely solely on inputs such as those provided by newspaper journalists.

Are you feeling financial insecure at this moment, join the masses!

Edited September 13, 2014 by chiang mai

[i claudius]

Don't worry Chiang mai you won't have to help out one thing I don't have to worry about is money thank the lord . still I would prefer to get 60 to the pound instead of 40

[icare999]

IMO its doomed anyway as are all diet currencies in not to distant future however in short term if yes vote wins it seems almost sure that GBP will fall a lot and so while we keep very little cash (mostly prefer gold and silver and real assetS) relative small amount (less than 20k gbp) we kept in cash in UK we transferred out a few days ago and converted to USA $. If vote is no well convert back to GBP and havel oat about 1% so its a form of insurance just in case or well just buy more gold in US$

[icare999]

I'm still sticking with my view that whether or not the Scottish vote to breakaway from England, after the vote is over the English should be allowed a vote as to whether they want to keep the Scottish

Cheers

Fletch

+1 please please scotland vote yes double please if yes vote no more bloody socialist governments

on other hand not a lot of immigrants in scotland to scrounge of welfare state so maybe move their if it all goes bad here

on other hand loads of scottish single parents with loads of kids scrounging of rest of us

[icare999]

I understood one of the rules for any new country joining the EU was that they had to use the Euro.

By the way the oil is mine just like the pound is yours

as it is for a Welshman or somebody from any part of the UK.as you will find out when you try to steal it the English politician's have been very quiet about it so as

not to drive the majority into Salmonds black hole.

as always the lawyers are rubbing there hands.

The court cases will drag on for years.

We will join NATO (though the weapons of mass destruction

A new country joining the EU, do you mean the new England/Wales/Northern Ireland entity, the Scottish entity or both?

As an Equal partner in the union Scotland would have as much right to be a member as any of the others or are the yes protagonists right and under the current rule Scotland has zilch?

Does this mean the £ will have to be abandoned in England for the Euro?

please be right and please scotland vote yes because then england can leave EU since if what you reckon is right no way could any government push us in party time

[adammike]

I'm still sticking with my view that whether or not the Scottish vote to breakaway from England, after the vote is over the English should be allowed a vote as to whether they want to keep the Scottish

Cheers

Fletch

+1 please please scotland vote yes double please if yes vote no more bloody socialist governments

on other hand not a lot of immigrants in scotland to scrounge of welfare state so maybe move their if it all goes bad here

on other hand loads of scottish single parents with loads of kids scrounging of rest of us

you really need to keep up,because of the aging population in Scotland they will need 20,000 new immigrants a year,the English are talking about border controls to keep them out

[icare999]

And for those with GBP held in Scottish banks or other deposit taking institutions, what becomes of that money if Scotland leaves and adopts a currency that is not the GBP?

For a start banking rules state that a bank must be based in the country where it has most customers so the main Scottish banks will be forced to move HQ. There are similar rules for parts of the insurance/assurance business.

Although the oil and gas is running out there has already been some new finds north of Shetland and Shetland has said it will not leave the union, so lots of contentious issues abound.

Which banking rules, please?

dont worry I'm still always surprised about total nonsense people post here I sometimes think they cant be that stupid and just make up total crap for fun Surely that or their brains are size of peanuts but then the BS I've heard Thais say takes prize for sure especially government here Who can ever forget such classics as get 1000 boats to push water away during floods or one of my favourites at a red short rally when speaker said when Taksin comes back gold price will fall and so everyone will be able to buy gold again and all Thais believed it or do pmt have plants in house they take good air out and you'll suffocate. I must make a book of all crap people say here

[chiang mai]

And for those with GBP held in Scottish banks or other deposit taking institutions, what becomes of that money if Scotland leaves and adopts a currency that is not the GBP?

For a start banking rules state that a bank must be based in the country where it has most customers so the main Scottish banks will be forced to move HQ. There are similar rules for parts of the insurance/assurance business.

Although the oil and gas is running out there has already been some new finds north of Shetland and Shetland has said it will not leave the union, so lots of contentious issues abound.

Which banking rules, please?

dont worry I'm still always surprised about total nonsense people post here I sometimes think they cant be that stupid and just make up total crap for fun Surely that or their brains are size of peanuts but then the BS I've heard Thais say takes prize for sure especially government here Who can ever forget such classics as get 1000 boats to push water away during floods or one of my favourites at a red short rally when speaker said when Taksin comes back gold price will fall and so everyone will be able to buy gold again and all Thais believed it or do pmt have plants in house they take good air out and you'll suffocate. I must make a book of all crap people say here

If you read the rest of the thread you'll see that the poster was correct on that point!

[PowermanFire]

Who cares about the pound, all they seem to care about the pound, i think England have got there lot from Scotland, what is the pound a piece of paper,I am sure the Scottish can make their money, Scotland is only with England over two hundred years,

And your comments on Ireland, with the Irish immigrant, since the famine, who cause that, well you can guess on that one,

[chiang mai]

Who cares about the pound, all they seem to care about the pound, i think England have got there lot from Scotland, what is the pound a piece of paper,I am sure the Scottish can make their money, Scotland is only with England over two hundred years,

And your comments on Ireland, with the Irish immigrant, since the famine, who cause that, well you can guess on that one,

I think you'll find that Scottish people care about the Pound. If they loose it they will need to issue their own currency and to do that they'll need to have something on which to base it, a sustainable economy. If big business were to move south and oil reserves do run out in ten years, that economy doesn't really seem to exist, unless you count tourism.

[transam]

Who cares about the pound, all they seem to care about the pound, i think England have got there lot from Scotland, what is the pound a piece of paper,I am sure the Scottish can make their money, Scotland is only with England over two hundred years,

And your comments on Ireland, with the Irish immigrant, since the famine, who cause that, well you can guess on that one,

I think you'll find that Scottish people care about the Pound. If they loose it they will need to issue their own currency and to do that they'll need to have something on which to base it, a sustainable economy. If big business were to move south and oil reserves do run out in ten years, that economy doesn't really seem to exist, unless you count tourism.

But wait, it seems North Korea is waiting wings to bolster stuff, perhaps the Won currency will be offered , I wonder what the YES folk that have already voted are thinking regarding their new (possible) friend.

[sandyf]

Who cares about the pound, all they seem to care about the pound, i think England have got there lot from Scotland, what is the pound a piece of paper,I am sure the Scottish can make their money, Scotland is only with England over two hundred years,

And your comments on Ireland, with the Irish immigrant, since the famine, who cause that, well you can guess on that one,

Everyone that gets their state pension paid in Thailand.

[Naam]

i heard the rumour that 1 Scottish Braveheart will buy 2 British Pound Sterling and a shot of Single Malt

[jpinx]

This won't affect the pound in your pocket ©H.Wilson

[nontabury]

I thaught we were discussing if the pound would tank if Scotland leaves ,can we get back on track boys.

in my view wasted time. Scotland will not secede but will remain part of the Yewnighted Kingdom. period!

I do hope your wrong, and I'm English.

[sandyf]

UK: The UK will be split apart "forever" if Scotland votes 'Yes' on Thursday,...

UK: The UK will be split apart "forever" if Scotland votes 'Yes' on Thursday,Prime Minister David Cameron warns, saying it will be a messy divorce "and not atrial separation." In a speech to Conservative supporters in Aberdeen, Cameroncalled on Scots to "vote to stay together," while again warning of the downsidesto independence. Cameron also laid out a list of impacts to the financialservices that would change. "As Prime Minister, I have to tell you what thatwould mean. It would mean we no longer share the same currency, our pensionfunds would be sliced up - at considerable cost - the borders we have wouldbecome international and over half of Scottish mortgages would suddenly beprovided by a foreign bank," he said. Cameron again stated that there would beno shared currency and no support from the Bank of England for Scottishfinancial firms. He also warned that Scots would not be able to fall back ontothe global network of UK embassies and consulates. Although warning of what hesaid as the downsides of independence, Cameron also made an impassioned plea forthe Union, citing many of the positives, calling on "this family of nations" tostick together.

Source: Market News International (MNI) – A Deutsche Börse company

16. September 2014 00:00:15

[chiang mai]

Markets seem unhappy with GBP, do they know something you don't?.

[sandyf]

Markets seem unhappy with GBP, do they know something you don't?.

Not only the pound, also gold, euro,yen etc.

All to do with the recent rise in the dollar index.

[jpinx]

Markets seem unhappy with GBP, do they know something you don't?.

Short term hiccups -- look at the long term - this is a vote for all time according to Cameron. You think Sterling is going to do worse than the last ten years?

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

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

[chiang mai]

Markets seem unhappy with GBP, do they know something you don't?.

Short term hiccups -- look at the long term - this is a vote for all time according to Cameron. You think Sterling is going to do worse than the last ten years?

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

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

Up to you, I'm 80% Asian/FE .Where do you earn/spend your money?

[jpinx]

Markets seem unhappy with GBP, do they know something you don't?.

Short term hiccups -- look at the long term - this is a vote for all time according to Cameron. You think Sterling is going to do worse than the last ten years?

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

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

Up to you, I'm 80% Asian/FE .Where do you earn/spend your money?

What's that got to do with the pounds performance after this referendum?

Whatever the outcome, things are never going to be the same again.

Almost any sane businessman/woman will tell you the the best outcome would be independence for Scotland but continued official use of the pound. There might be a very short term hiccup, but after a week or two Sterling will benefit from the resurgence of the Scottish economy and the stability of rUK's situation.

To deny Scotland the use of Sterling would be an even greater folly than that committed by Westminster in their handling of their campaign.

[transam]

If a YES Scotland is so intent on joining the EU why don't they use the euro after being admitted, or is that one of the unanswered questions...?

(If they are admitted)..

[chiang mai]

Good grief, much longer.

PS: not you personally TA., big kiss.

Edited September 16, 2014 by chiang mai

[joecoolfrog]

Sterlings fall today is linked to the latest inflation figures which were down to 1.5% , hence no pressure on Carney to lift interest rates in the short term. Good news for consumers but a damper on Sterling, be a different story in the New Year , baht will have to weaken somewhat because inflation in Thailand is starting to take a grip.

[i claudius]

The other thing that is becoming a big problem for Thailand is the constant bad news regarding tourists the latest killing of the boy and girl is very big news around the world