aright Posted October 20, 2017 Share Posted October 20, 2017 1 hour ago, SheungWan said: I think there is potential downside risk not yet in the markets. That for me is a message to continue hedging away from sterling. Others can make their own arrangements or not as the case may be. When you say you are hedging away from Sterling exactly what do you mean. Are you converting your sterling cash holdings to another currency and/or shedding British shares or shares whose main source of income is sterling. Just curious Link to comment Share on other sites More sharing options...
SheungWan Posted October 20, 2017 Share Posted October 20, 2017 1 hour ago, aright said: When you say you are hedging away from Sterling exactly what do you mean. Are you converting your sterling cash holdings to another currency and/or shedding British shares or shares whose main source of income is sterling. Just curious It is an interesting question. For me it is converting between GBR and HKD. Unfortunately neither currency is doing particularly well against THB so that is not going to help me out too much on return to LOS. Link to comment Share on other sites More sharing options...
aright Posted October 20, 2017 Share Posted October 20, 2017 9 minutes ago, SheungWan said: It is an interesting question. For me it is converting between GBR and HKD. Unfortunately neither currency is doing particularly well against THB so that is not going to help me out too much on return to LOS. If the timing is not right for an exchange today and you have faith in the future of a currency why not do it as an Fx future? Link to comment Share on other sites More sharing options...
SheungWan Posted October 20, 2017 Share Posted October 20, 2017 (edited) 36 minutes ago, aright said: If the timing is not right for an exchange today and you have faith in the future of a currency why not do it as an Fx future? With currencies I just want to trade today's price with the cash that I have. Next month that will mean maybe buying GBPHKD and using my sterling credit card in HK but probably not using that CC in LOS. LOS better to have Euros! Edited October 20, 2017 by SheungWan Link to comment Share on other sites More sharing options...
Grouse Posted October 21, 2017 Share Posted October 21, 2017 Good "Any Questions?" Worth a listen http://www.bbc.co.uk/programmes/b098ns2x#play Link to comment Share on other sites More sharing options...
melvinmelvin Posted October 21, 2017 Share Posted October 21, 2017 maybe, lots off piss talk in the beginning, at what point does the juice start to flow? Link to comment Share on other sites More sharing options...
melvinmelvin Posted October 21, 2017 Share Posted October 21, 2017 Today's Bangkok Post contains an OK article re May and Brexit. dunno, but I find these so called negotiations are getting weirder and weirder I can understand the border up north being a stumbling block. The UK people in EU and EU people in UK issue I think to a large extent would solve itself without negotiating very much. Casting the payment in concrete in advance of any other negotiations? UK coming up with the figures without any invoice/demands? Give me a break. 1 Link to comment Share on other sites More sharing options...
sandyf Posted October 21, 2017 Share Posted October 21, 2017 On 10/18/2017 at 11:41 PM, Jip99 said: Not yet....? That was one of several Project Fear/Remoaner predictions that didn’t come close to happening. How close is close? You obviously think that the Euro being worth 95p wasn't very close to a pound. The fact that it was about 70p before the referendum doesn't mean very much. You will be telling us next that everyone that voted to leave was well aware that costs would rise and they would become poorer. Of course it is only temporary for the next so many years. Link to comment Share on other sites More sharing options...
Jip99 Posted October 21, 2017 Share Posted October 21, 2017 3 minutes ago, sandyf said: How close is close? You obviously think that the Euro being worth 95p wasn't very close to a pound. The fact that it was about 70p before the referendum doesn't mean very much. You will be telling us next that everyone that voted to leave was well aware that costs would rise and they would become poorer. Of course it is only temporary for the next so many years. It it never reached parity.....that was the insistence of you remoaners. Link to comment Share on other sites More sharing options...
Popular Post Jip99 Posted October 21, 2017 Popular Post Share Posted October 21, 2017 1 hour ago, melvinmelvin said: Today's Bangkok Post contains an OK article re May and Brexit. dunno, but I find these so called negotiations are getting weirder and weirder I can understand the border up north being a stumbling block. The UK people in EU and EU people in UK issue I think to a large extent would solve itself without negotiating very much. Casting the payment in concrete in advance of any other negotiations? UK coming up with the figures without any invoice/demands? Give me a break. 1 2 Link to comment Share on other sites More sharing options...
aright Posted October 21, 2017 Share Posted October 21, 2017 17 minutes ago, Jip99 said: It it never reached parity.....that was the insistence of you remoaners. As was the employment rate will go up to 6.5% a loss of half a million jobs. Guess what? It went down. 1 Link to comment Share on other sites More sharing options...
dick dasterdly Posted October 21, 2017 Share Posted October 21, 2017 29 minutes ago, sandyf said: How close is close? You obviously think that the Euro being worth 95p wasn't very close to a pound. The fact that it was about 70p before the referendum doesn't mean very much. You will be telling us next that everyone that voted to leave was well aware that costs would rise and they would become poorer. Of course it is only temporary for the next so many years. Have to admit that I'm suprised the euro hasn't fallen in the same way as sterling. 4 minutes ago, aright said: As was the employment rate will go up to 6.5% a loss of half a million jobs. Guess what? It went down. I'd only add that UK unemployment statistics have been manipulated beyond recognition for decades now . Link to comment Share on other sites More sharing options...
Srikcir Posted October 21, 2017 Share Posted October 21, 2017 8 minutes ago, Jip99 said: since the true colours of Merkel, Junker and Barnier et al have surfaced. Should add French President Emmanuel Macron: "... the two sides had not yet completed even half of the work on the financial settlement and accusing Britain of “bluffing” by using the media to suggest there could be no deal." https://www.reuters.com/article/us-britain-eu/britains-may-wins-brexit-reprieve-faces-tough-weeks-ahead-idUSKBN1CO36F Link to comment Share on other sites More sharing options...
aright Posted October 21, 2017 Share Posted October 21, 2017 14 minutes ago, dick dasterdly said: Have to admit that I'm suprised the euro hasn't fallen in the same way as sterling. I'd only add that UK unemployment statistics have been manipulated beyond recognition for decades now . I hear what you say but if it was the case wouldn't the opposition parties be jumping up and down and giving us the true figure. If they have I haven't heard it. Link to comment Share on other sites More sharing options...
SheungWan Posted October 21, 2017 Share Posted October 21, 2017 (edited) 8 minutes ago, aright said: I hear what you say but if it was the case wouldn't the opposition parties be jumping up and down and giving us the true figure. If they have I haven't heard it. The unemployment figures aren't manipulated (no evidence of falsification) but the criteria do change over time. I recall Mrs Thatcher playing around with those in her day eg taking 16 year olds off the register. The real issue is always about the criteria, which explains the argument eg about 'hidden unemployment'. Collection of data methodology sometimes shows up weaknesses, but that is to be expected re any historical data collection. Edited October 21, 2017 by SheungWan 2 Link to comment Share on other sites More sharing options...
Popular Post Jip99 Posted October 21, 2017 Popular Post Share Posted October 21, 2017 21 minutes ago, SheungWan said: Don't let lack of an education stop you. Go for it. A weak, repetitive and predictable bleat from you. You have no idea of my level of education - that fact alone shows how pathetic and indiscriminate your barbs are. 2 1 Link to comment Share on other sites More sharing options...
SheungWan Posted October 21, 2017 Share Posted October 21, 2017 1 minute ago, Jip99 said: A weak, repetitive and predictable bleat from you. You have no idea of my level of education - that fact alone shows how pathetic and indiscriminate your barbs are. From the contribution accusing others of being 'unpatriotic morons', I would say low, very low. Link to comment Share on other sites More sharing options...
Rimmer Posted October 21, 2017 Share Posted October 21, 2017 A post and one reply to it have been removed, can we talk about the subject please and not flame other members, thank you. Link to comment Share on other sites More sharing options...
Khun Han Posted October 21, 2017 Share Posted October 21, 2017 2 minutes ago, SheungWan said: From the contribution accusing others of being 'unpatriotic morons', I would say low, very low. Even though I 'liked' jip's post, I didn't like the use of the word 'moron' to describe fellow posters. It's my opinion that a bit more civility all round would improve the brexit discussions. 2 Link to comment Share on other sites More sharing options...
sandyf Posted October 21, 2017 Share Posted October 21, 2017 1 hour ago, Jip99 said: It it never reached parity.....that was the insistence of you remoaners. Nobody insisted on anything, far less parity. Some sort of confusion between forecasting and facts. Forecast models were based on DC claim that Article 50 would have been invoked almost straight away. Who knows how the forecasts would have panned out if that had actually happened. Forecasts are exactly that, forecasts, unlike the fabrications emanating from the other side. At the end of the day you cannot hide from the fact it was predicted people would be poorer and that has come to pass. Link to comment Share on other sites More sharing options...
Grouse Posted October 21, 2017 Share Posted October 21, 2017 2 hours ago, Jip99 said: It it never reached parity.....that was the insistence of you remoaners. This summer, at UK airports, 1GBP bought less than 1 EUR! Link to comment Share on other sites More sharing options...
Jip99 Posted October 21, 2017 Share Posted October 21, 2017 36 minutes ago, sandyf said: Nobody insisted on anything, far less parity. Some sort of confusion between forecasting and facts. Forecast models were based on DC claim that Article 50 would have been invoked almost straight away. Who knows how the forecasts would have panned out if that had actually happened. Forecasts are exactly that, forecasts, unlike the fabrications emanating from the other side. At the end of the day you cannot hide from the fact it was predicted people would be poorer and that has come to pass. Poorer in the short term was a given. But - fact - numerous doomsayers were forecasting an immediate and permanent parity with the EURO and Dollar. Link to comment Share on other sites More sharing options...
Jip99 Posted October 21, 2017 Share Posted October 21, 2017 (edited) 19 minutes ago, Grouse said: This summer, at UK airports, 1GBP bought less than 1 EUR! Only a dumb ar5e would have converted at those rates Edited October 21, 2017 by Jip99 2 Link to comment Share on other sites More sharing options...
aright Posted October 21, 2017 Share Posted October 21, 2017 3 minutes ago, Grouse said: This summer, at UK airports, 1GBP bought less than 1 EUR! At least be relevant. The full English at airports is more expensive than Wetherspoons as well 2 Link to comment Share on other sites More sharing options...
Grouse Posted October 21, 2017 Share Posted October 21, 2017 4 hours ago, melvinmelvin said: maybe, lots off piss talk in the beginning, at what point does the juice start to flow? Sorry! From minute 22 for 16 mins. Builds to an exciting climax ? Link to comment Share on other sites More sharing options...
Grouse Posted October 21, 2017 Share Posted October 21, 2017 19 minutes ago, aright said: At least be relevant. The full English at airports is more expensive than Wetherspoons as well Entirely relevant for the typical holidaymaker off to the Costas. They don't maintain multi currency offshore accounts like what we do eh? Link to comment Share on other sites More sharing options...
Grouse Posted October 21, 2017 Share Posted October 21, 2017 30 minutes ago, Jip99 said: Only a dumb ar5e would have converted at those rates We are discussing Brexit and Brexiteers! Link to comment Share on other sites More sharing options...
SheungWan Posted October 21, 2017 Share Posted October 21, 2017 58 minutes ago, Jip99 said: Poorer in the short term was a given. But - fact - numerous doomsayers were forecasting an immediate and permanent parity with the EURO and Dollar. I bet you cannot find us one! But good luck! Link to comment Share on other sites More sharing options...
SheungWan Posted October 21, 2017 Share Posted October 21, 2017 (edited) 1 hour ago, Grouse said: This summer, at UK airports, 1GBP bought less than 1 EUR! 1 hour ago, Jip99 said: Only a dumb ar5e would have converted at those rates Maybe so, but the bell rang all the same. Edited October 21, 2017 by SheungWan Link to comment Share on other sites More sharing options...
aright Posted October 21, 2017 Share Posted October 21, 2017 20 minutes ago, Grouse said: Entirely relevant for the typical holidaymaker off to the Costas. They don't maintain multi currency Gffshore accounts like what we do eh? These typical holiday makers you talk about . Are they the ones which rumour says have Samurai swords hung over their fireplaces in case of a return to Bushido Law, a dog named after a sportsman, televisions in the ratio of 1.2 per room, both colours of sauce, a Dyson kept openly in the hall because there's no shame in being clean, ashtrays and an Android smartphone with a Greggs rewards app on the home page. If yes then I apologise I had completely forgotten them. I will get a letter off to Hammond this afternoon insisting that when he sets up our Great Nations Fiscal and Monetary policy the needs of these people must be taken into account. 2 Link to comment Share on other sites More sharing options...
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