SheungWan Posted October 12, 2016 Share Posted October 12, 2016 5 hours ago, chiang mai said: Oh deary me! The head line for this article is, "Pound sterling now seen as an emerging market currency by traders". http://www.independent.co.uk/news/business/news/pound-sterling-behaves-like-emerging-market-currency-traders-mexican-peso-a7356231.html 2 hours ago, garywim said: When do we pensioners expect some good news about the Exchange rate? My pension has dropped by nearly 4.000 baht per month. Anyone else? 2 hours ago, Iforbach said: Years ago I spit my savings uk pounds @ US dollars so I sit on fence ,,right or wrong ,,not sure but it works for me The message from the markets is that for now the UK appears to have trashed sterling as a safe haven currency. Waiting for good news other than an occasional bounce may not be too productive other than using bounces to convert out of sterling and create a hedge. Link to comment Share on other sites More sharing options...
Grouse Posted October 12, 2016 Share Posted October 12, 2016 https://www.google.co.uk/amp/www.independent.co.uk/news/uk/home-news/lbc-leave-voter-name-eu-law-james-obrien-take-back-control-eu-referendum-a7356806.html%3famp?client=safari Here's a great piece of numptiness! Brexiteer voted to leave because of EU laws but can't name a single law he's unhappy with. Great! Link to comment Share on other sites More sharing options...
Grouse Posted October 12, 2016 Share Posted October 12, 2016 http://www.independent.co.uk/news/uk/politics/brexit-latest-wages-salaries-uk-eu-poorest-low-income-families-pound-sterling-economy-a7356391.html?amp and here's some news about the effect on pay. It just goes on.... Link to comment Share on other sites More sharing options...
chiang mai Posted October 12, 2016 Share Posted October 12, 2016 2 hours ago, garywim said: When do we pensioners expect some good news about the Exchange rate? My pension has dropped by nearly 4.000 baht per month. Anyone else? Every Brit who has income that arises in the UK in Pounds has seen the same effect, you are not at all alone in this. Good news for you could possible come by way of very bad news for others, although that's the way currency markets work, best not to ask questions to try and clarify what these are since the law forbids complete answers. Alternatively, a long wait may be ahead, surprises will no doubt cause ups and downs, false dawns/premature deliveries etc. Recommend that if life is painful given a 4k drop, perhaps examine and update your Plan B, of which currency hedging must be the number one choice, if funds and intestinal fortitude allow. Link to comment Share on other sites More sharing options...
SheungWan Posted October 12, 2016 Share Posted October 12, 2016 1 hour ago, Prbkk said: While I haven't looked closely at the cross rates, it would seem that the Baht is sinking even faster , and with more of that to be expected the purchasing power using the GBP in Thailand should not be too greatly affected. It would be nice to expect to be able to pick up some nice Red Leicester more cheaply in Baht but that isn't going to happen. If we use 50 as the marker, then sterling is 12% down. Its a significant dent, more significant for some than others, but a dent nonetheless. Sorry to hear about the Red Leicester. For some reason Danish Blue always seems to be not so expensive. Link to comment Share on other sites More sharing options...
Nicolas32 Posted October 12, 2016 Share Posted October 12, 2016 Theresa May is a failed Home Secretary and a bad choice for PM am expecting more worse things to happen ... Link to comment Share on other sites More sharing options...
ratcatcher Posted October 12, 2016 Share Posted October 12, 2016 4 minutes ago, Nicolas32 said: Theresa May is a failed Home Secretary and a bad choice for PM am expecting more worse things to happen ... May I ask whom you would prefer? Link to comment Share on other sites More sharing options...
chiang mai Posted October 12, 2016 Share Posted October 12, 2016 Try watching this NOW! http://www.parliamentlive.tv/Event/Index/9da7b790-789f-46f3-8fbd-b0cc29e949fb Link to comment Share on other sites More sharing options...
NanLaew Posted October 12, 2016 Share Posted October 12, 2016 6 hours ago, RuamRudy said: Do you follow Scottish politics closely? The idea of a newly empowered Scottish Labour is risible at the moment. If Dugdale sees out the year as leader it will be a surprise to many. And the Tories, under Ruth Davidson, are capitalising on that dissaray; they are far from languishing on the fringes. They may have the ideological barriers to overcome among many left leaning voters but they are working hard to capture the unionist middle. But all that is academic. When that 'infernal wee woman and her band of sycophantic acolytes' make up near half the population and rising, the chances of them withering away are slim. Independance (a much less loaded term than secessionism, don't you agree?) is looking increasingly likely, and the more people like you refer to nearly half the country as sycophantic acolytes, the better. Please keep up the good work / insults. A lot more closely than you assume but probably with more historical context. The SNP have imploded before. Link to comment Share on other sites More sharing options...
NanLaew Posted October 12, 2016 Share Posted October 12, 2016 5 hours ago, Khun Han said: Like I said, you based all this on getting the meaning of of one of my posts ar$e-about-t1t . And STILL it bothers you. Link to comment Share on other sites More sharing options...
metisdead Posted October 12, 2016 Share Posted October 12, 2016 A post in violation of fair use policy has been removed as well as the replies: 14) You will not post any copyrighted material except as fair use laws apply (as in the case of news articles). Please only post a link, the headline and the first three sentences. Link to comment Share on other sites More sharing options...
NanLaew Posted October 12, 2016 Share Posted October 12, 2016 4 hours ago, Khun Han said: Or: How to completely misunderstand Scottish politics and insult about half of Scotland in one hapless post. Much, much more than half surely believed that Salmond's claim that 'Scotland's oil' would be the great enabler? In good conscience I cannot accept your award of being hapless. You have been far more diligent in earning that moniker. Link to comment Share on other sites More sharing options...
soalbundy Posted October 12, 2016 Share Posted October 12, 2016 This not the end, nor is it the beginning of the end but it is perhaps the end of the beginning. Link to comment Share on other sites More sharing options...
The Dark Lord Posted October 12, 2016 Share Posted October 12, 2016 There has been a slight rally on the £! I know, one swallow does not make a summer but it is a rally all the same hurrah! Link to comment Share on other sites More sharing options...
Naam Posted October 12, 2016 Share Posted October 12, 2016 52 minutes ago, ratcatcher said: May I ask whom you would prefer? i'd prefer Maggie! Link to comment Share on other sites More sharing options...
ratcatcher Posted October 12, 2016 Share Posted October 12, 2016 Just now, Naam said: i'd prefer Maggie! Just now, Naam said: i'd prefer Maggie! Maggie May? ..................... Link to comment Share on other sites More sharing options...
soalbundy Posted October 12, 2016 Share Posted October 12, 2016 6 minutes ago, The Dark Lord said: There has been a slight rally on the £! I know, one swallow does not make a summer but it is a rally all the same hurrah! Ah yes, as Wilson once said 'the pound in your pocket is still worth a pound', but that was before globalisation and the UK was able to make things that people wanted to buy. Makes me laugh when it's reported that the car production in Britain has climbed, none of them are British owned. Link to comment Share on other sites More sharing options...
Naam Posted October 12, 2016 Share Posted October 12, 2016 1 minute ago, ratcatcher said: Maggie May? ..................... Iron Maggie! Link to comment Share on other sites More sharing options...
soalbundy Posted October 12, 2016 Share Posted October 12, 2016 Just now, Naam said: Iron Maggie! 'I want my money back' worked for her but i don't think anyone else is up to it. Link to comment Share on other sites More sharing options...
Khun Han Posted October 12, 2016 Share Posted October 12, 2016 7 hours ago, Grouse said: Yes, this is all correct IMHO. Mrs May putting the Con Party conference before the country is very telling. I note that some Tory leavers are now expressing concern. There is, or at least was, an entirely reasonable way forward. Is TM just stupid or is she cynical? You see, my view was that on BALANCE it was better to remain and FORCE change from within. Clearly UK total immigration rate was too high. Discounting my anti Muslim views, adjustments could have been negotiated (limiting annual total, total per country, job offers in advance) and living wage enforced. EU waste is appalling. This could have been negotiated including the balmy Strasbourg / Brussels arrangement and FORCING proper audits. I don't think the budget contribution unreasonable Fishing quotas seem illogical. Clearly we need sensible regulations to preserve stocks. We've seen what happens when fishermen are left to manage the situation EU employment and environmental regs were also good for the average man. I do think there was scope to increase democracy within the EU but it is no where near as bad as many think. But overall, and on BALANCE, I still feel the EU is a benign influence. Throwing everything away to get some benefit that will not materialise is just foolish. It's not over yet by a long way. How much is a litre of 98 octane? How much by year end do you think? BTW, Gravy, I thought your Yorkshireman piece was spot on!? The problem is, it became clear that the EU is not going to reform for the better until it is absolutely forced to do so through some catastrophic event. Hell, look at how it treated Cameron when he went to it looking for a bit of help in winning over the British population to his remain campaign! It was quite dismissive, and treated him almost with disdain, when any sort of half-decent compromise would probably have given him enough to win over the referendum 'undecideds' and win the day. Look how that's all ended up: People talk about racism, stupidity and lies winning the vote, but it was this one single piece of intransigence by the EU, making Cameron return from Brussels looking like a dog that's lost it's bone, that sealed the referendum's fate. But, the EU is on a mission, and no individual member state is going to be allowed to interfere with that mission, as explained by Juncker in his state of the union speech. Link to comment Share on other sites More sharing options...
Khun Han Posted October 12, 2016 Share Posted October 12, 2016 24 minutes ago, NanLaew said: Much, much more than half surely believed that Salmond's claim that 'Scotland's oil' would be the great enabler? In good conscience I cannot accept your award of being hapless. You have been far more diligent in earning that moniker. "In good conscience I cannot accept your award of being hapless. You have been far more diligent in earning that moniker. " Maybe, maybe not. But I at least try to read peoples's posts properly before replying to them, instead of getting their meaning completely ar$e-about-t1t and going on to make smart-ar$e replies that fail spectacularly . Link to comment Share on other sites More sharing options...
jadee Posted October 12, 2016 Share Posted October 12, 2016 Good post Khun Han, the EU could have made further concessions. However, I would argue that the deal struck by Cameron would simply have been watered down by the European Parliament following the referendum. Britain couldn't have curbed migration or migrant benefits as MEPs have the power to veto anything that discriminates between EU citizens. Cameron's claim that the deal was legally binding simply wasn't true. Link to comment Share on other sites More sharing options...
thedivezone Posted October 12, 2016 Share Posted October 12, 2016 28 minutes ago, ratcatcher said: Maggie May? ..................... Maggie Q . . . . . Link to comment Share on other sites More sharing options...
rockingrobin Posted October 12, 2016 Share Posted October 12, 2016 1 hour ago, Khun Han said: The problem is, it became clear that the EU is not going to reform for the better until it is absolutely forced to do so through some catastrophic event. Hell, look at how it treated Cameron when he went to it looking for a bit of help in winning over the British population to his remain campaign! It was quite dismissive, and treated him almost with disdain, when any sort of half-decent compromise would probably have given him enough to win over the referendum 'undecideds' and win the day. Look how that's all ended up: People talk about racism, stupidity and lies winning the vote, but it was this one single piece of intransigence by the EU, making Cameron return from Brussels looking like a dog that's lost it's bone, that sealed the referendum's fate. But, the EU is on a mission, and no individual member state is going to be allowed to interfere with that mission, as explained by Juncker in his state of the union speech. There are provisions in the treatys for an emergency break in the freedom of movement, and if Cameron and asked he would of got, however we are led to believe that he could not cabinet backing. I suspect after all the posturing and political bluster we will leave the EU, maintain single market access paying the mutual agreeable fee and place a temporary restriction on freedom of movement. Link to comment Share on other sites More sharing options...
SheungWan Posted October 12, 2016 Share Posted October 12, 2016 (edited) 1 hour ago, Naam said: Iron Maggie! Regret to inform you, but its Maggot Maggie now. Edited October 12, 2016 by SheungWan Link to comment Share on other sites More sharing options...
Naam Posted October 12, 2016 Share Posted October 12, 2016 4 minutes ago, SheungWan said: Regret to inform you, but its Maggot Maggie now. Maggie was not mummified? Link to comment Share on other sites More sharing options...
SheungWan Posted October 12, 2016 Share Posted October 12, 2016 4 minutes ago, Naam said: Maggie was not mummified? https://youtu.be/HfYB7_duUFM Link to comment Share on other sites More sharing options...
RuamRudy Posted October 12, 2016 Share Posted October 12, 2016 2 hours ago, NanLaew said: Much, much more than half surely believed that Salmond's claim that 'Scotland's oil' would be the great enabler? Unfortunately, when oil was truly an enabler, Thatcher was in power and squandered it by giving tax breaks the the middle classes. Link to comment Share on other sites More sharing options...
RuamRudy Posted October 12, 2016 Share Posted October 12, 2016 2 hours ago, NanLaew said: A lot more closely than you assume but probably with more historical context. The SNP have imploded before. You should look at the contemporary state of affairs - it is fascinating, if a bit tragic in the way that SLab is flailing about like a mortally wounded walrus that refuses to die. Maybe a metaphor for the union? I think best to put them both out of their misery. Link to comment Share on other sites More sharing options...
SheungWan Posted October 12, 2016 Share Posted October 12, 2016 Just now, RuamRudy said: You should look at the contemporary state of affairs - it is fascinating, if a bit tragic in the way that SLab is flailing about like a mortally wounded walrus that refuses to die. Maybe a metaphor for the union? I think best to put them both out of their misery. I must admit I cannot see much point in specific discussion of Scotland in terms of this thread except for one factor which is to ask whether the downward spiral of sterling makes the adoption of the Euro more acceptable to Scottish voters. If the answer is significantly yes, then does that up the pressure for another referendum on Scottish independence? I am not asking for opinion as to whether a good or bad thing, only whether the risk of Scottish independence will now rise and also what time frame might be on the cards. Link to comment Share on other sites More sharing options...
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