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Old 11th Jan 2017, 22:31   #6861 (permalink)
 
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Do the Germans give a shit about the strength of currency

Having the Euro 30% cheaper than the DM would have been has given the German exporters a significant advantage worth 100s of billions over the last decade

So do I think the Germans give a shit?
Er...yes.
Does a bear shit in the woods?
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Old 11th Jan 2017, 22:54   #6862 (permalink)
 
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Originally Posted by Pace View Post
jET2

If its such nonsense why do you think the value of the pound reacts so badly to hard Brexit ? Why do you think Hammond calls for a transition and WTO is not an option for him
Surely the pound should be rocketing at the thought of WTO

Ooh thats a hard one - let me think. Perhaps because he was in favour of remaining in the EU?

As far as the currency goes - did you flap like this before the referendum when the value of the Pound went up and down or is it a recent affliction?. For example were you panicking in 2013 the last time the Pound was at these levels against the Euro?
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Old 12th Jan 2017, 03:50   #6863 (permalink)
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" From the article which maybe you should have read"....

It is not yet clear when the decision is likely, but the Guardian has been told that the government has asked the supreme court for early sight of the judgment, to allow “contingency planning”.

However, a spokesperson for the supreme court made clear on Wednesday that would not happen, saying: “It’s just too sensitive


Given you are, as you say, smarter than the rest of us, although quite what metric you are using to determine this allegation remains unclear, it's perplexing as to how the above escaped your attention. And, of course, being prescient ( leaving aside the the matter of both pre and post vacillation ) as to the result of the referendum, we, the nation and no doubt the Gov't, would all be eternally grateful if you could offer a reprise with the outcome of the ruling.

Last edited by Krystal n chips; 12th Jan 2017 at 04:27.
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Old 12th Jan 2017, 05:14   #6864 (permalink)
 
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It would appear that me fully understanding whilst you completely missed the rather simple and crystal clear information avaialable to one and all that a vote to Leave was a vote to Leave the Single Market has caused you some angst Komrad.
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Old 12th Jan 2017, 07:27   #6865 (permalink)
 
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Jet 2

Since the Euro inception in 1999 the average Euro pound value was .73 since the referendum it is .82
But you still haven't answered my question of why do you think if a complete break is such a good economic move do you think the pound crashes on that possibility
Yes Hammond supported remain
So did his boss Theresa May
Infact she wrote two very good articles one on the benefits of the single market and another on the benefits of EU immigration
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Old 12th Jan 2017, 07:48   #6866 (permalink)
 
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More Brexit gloom and doom

LIVE: Retailers post festive trading figures

I know, I know it's only happening because we haven't left yet.

Come on Remoaners the clues are rolling in on a daily basis now.
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Old 12th Jan 2017, 07:53   #6867 (permalink)
 
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Originally Posted by Seldomfitforpurpose View Post
Come on Remoaners the clues are rolling in on a daily basis now.
The reality is, they don't have a clue.
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Old 12th Jan 2017, 08:20   #6868 (permalink)
 
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Quote:
Surely the pound should be rocketing at the thought of WTO

Pace - sorry you invested in currency. I'm in the markets and smiling at record highs. Though I am seeing my FA today about moving more defensively - just in case the pound risesagain.
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Old 12th Jan 2017, 08:25   #6869 (permalink)
 
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Originally Posted by NorthernChappie View Post
Pace - sorry you invested in currency. I'm in the markets and smiling at record highs. Though I am seeing my FA today about moving more defensively - just in case the pound risesagain.
The markets are rising because the biggest players earn their revenues / profits in US dollars. it is rising far too fast, and there will be a major correction in the next few months. Whether it's the idiot Trump, Brexit or something else that prompts it only the Lord knows - and he isn't letting on!
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Old 12th Jan 2017, 08:28   #6870 (permalink)
 
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I am not invested in currency but have made two trips to USA and a further one 7 Feb
One good news is they have been to Orlando or better known as Disney World
Flights are empty with uk citizens who can no longer afford to go there so am getting cheap flights although expensive when there not Disney world )

Clocks turned back to days when Blackpool and Brighton were the holiday destinations
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Old 12th Jan 2017, 08:28   #6871 (permalink)


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Yes. I can't take any more bad news.

SFFP. It's not 'because of Brexit', it's not 'despite Brexit, it's 'because we are in the single market' or as you say 'because we haven't left yet'.

M&S even managed to increase their clothing sales! Next profits were in line with expectations and experienced great growth and added jobs, shops and warehousing. CO-OP are opening 100 stores this year, BM are adding stores, IKEA are adding stores, LIDL and ALDI are adding stores, Hotel Chocolat are adding stores, Dunelm are adding new stores. The retail industry is booming but let me guess, it's 'because people are getting into more debt or 'the shops had already signed their contracts and are compelled to open them'.

A northern company just had the best year in its 169 year history.

Brexit Britain is booming.
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Old 12th Jan 2017, 08:35   #6872 (permalink)
 
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It's not brexit Britain if you didn't know we haven't even enacted art 50
Come back in two years and say that

https://www.google.co.uk/amp/www.cit...?client=safari

The world is our oyster ? With nasty inward looking policies like this I think the white cliffs of Dover are our limits
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Old 12th Jan 2017, 08:38   #6873 (permalink)


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Pace - perhaps you should tell Virgin. They've added Orlando frequencies from BFS, GLA and EDI.

You should maybe tell Thomas Cook that they shouldn't bother launching SFO from MAN this summer.

You could perhaps ask Manchester Airport (who experienced a 20% EXPLOSION in passenger numbers) that they have got their figures wrong as Orlando is NOT in their top ten most popular destinations as they claim.

And let's not forget our red nosed friends, Norwegian. They've increased their Orlando flights from booming Britain to Orlando.

For as long as I can remember you can get crazy deals on UK-Orlando route depending on how flexible you are. I recall one way Orlando Glasgow for £90 and a return from Newcastle to Orlando for around the £200 mark.

Post EU referendum Britain is booming.

Last edited by HeartyMeatballs; 12th Jan 2017 at 09:19.
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Old 12th Jan 2017, 09:15   #6874 (permalink)


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We're doomed!

UK industry 'booms back to life' as manufacturing drives growth
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Old 12th Jan 2017, 09:19   #6875 (permalink)
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One can understand why the EU starting position is that the UK owes them £60B for leaving, but equally one must ask what we get in exchange?

If they really want to us to continue to pay a continuing membership fee, they will have to offer something substantial at the table.

EU Faces Funding Cliff Edge

Guido Fawkes:

All this talk of Brexit being a cliff edge for Britain ignores the other side of the coin, it is a funding cliff edge for the EU. Excluding Germany, Britain’s contribution is more than the total net contribution of the 26 other EU states combined. Guido will repeat this: add up the debits and credits of every member state from France to Poland bar Germany and it comes to a figure less than Britain’s EU contribution. Britain’s exit will be a massive budget hit to the EU…

Guido has been saying since the referendum that this will be the year world opinion will shift from “What the hell have the Brits done?” to “The EU is in trouble without Britain.” Mark Carney said similar yesterday. When negotiating it will be important to remind them that a bad deal or no deal could see the UK stop the flow of pounds immediately. That is the EU’s budgetary cliff edge…
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Old 12th Jan 2017, 09:23   #6876 (permalink)
 
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Why Carney has said that the EU is exposed to greater risk by passporting:

https://www.ft.com/content/aa76b168-...8-79a99e2a4de6
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Old 12th Jan 2017, 09:27   #6877 (permalink)


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Quite. So what do we think the EU will do? Increase the membership fee for the others or cut the funding for the others? Neither will be popular. Or perhaps fast tracking new members on 'refreshed' terms meaning they pay in but get less back in terms of hard currency?

No money for unneeded airports which sit empty. No money for trams which go nowhere. No money for lifts to be built and closed off. Less money funding CAP.

Le Pen will not get into power. But should things change for the worse for EU residents then I can see a prolonged period of EU members being very discontent, furer risking the EU as eurosceptic parties gain traction.

So a balance is needed. Not so good as to encourage other countries to leave, but not so bad to stop all of the money going into the bloc.
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Old 12th Jan 2017, 14:03   #6878 (permalink)
 
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Quote:
Originally Posted by Pace View Post
But you still haven't answered my question of why do you think if a complete break is such a good economic move do you think the pound crashes on that possibility
Well for a start, unlike you, I dont consider that the Pound going back to the value it was in 2013 (and a fair value) as a 'crash'.

What causes the instability in the currency markets is uncertainty - and that is driven by people like you and Gina Millar who try and use every trick in the book to stretch out the process and possibly stop it. If the Government was allowed to get on with planning for the March declaration of A50, that they had intended, then there would be a lot less instability and uncertainty.
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Old 12th Jan 2017, 19:49   #6879 (permalink)
 
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Jet 2

Instability and uncertainty is business not being able to plan
Not just business but people
I am
Near Tower Bridge which is full of people in the financial services
They have no confidence in their jobs and hence the flat market is dead in that area as they don't want to commit to high priced flats and then find they have no job
There is still interest in rentals but not purchase

That is one example of uncertainty
Companies won't invest again they don't know if they are repositioning in Europe or staying put here

But they want a so called soft brexit but fear a hard brexit

All the European workers who do such a great job and contribute to our services industry don't know where they stand or will stand
Plus with the CRASHED pound they are not earning nearly as much when converted to euros as they used to
The attraction is getting less
We will be the losers
Plus I will add from being an open society we have become inward looking and xenophobic to people who made our society so vibrant and colourful
Brexit is turning out to be a backward inward and negative step
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Old 12th Jan 2017, 21:39   #6880 (permalink)
 
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Quote:
Originally Posted by Pace View Post
Jet 2

Instability and uncertainty is business not being able to plan
Not just business but people
I am
Near Tower Bridge which is full of people in the financial services
They have no confidence in their jobs and hence the flat market is dead in that area as they don't want to commit to high priced flats and then find they have no job
There is still interest in rentals but not purchase
And yet just today the Halifax House Price Index shows prices rising in London in Q4 by 2% - I sometimes wonder if you live in a parallel universe to the rest fo us.
Quote:
That is one example of uncertainty
Companies won't invest again they don't know if they are repositioning in Europe or staying put here
But Manufacturing and Service PMI both rose in Q4 - so obviously some people in industry have a lot more confidence than you.

Quote:
Plus with the CRASHED pound they are not earning nearly as much when converted to euros as they used to
Well let that be a valuable life lesson to them - when you work abroad and are paid in the local currency it doesn't always stay the same against your home currency. I do wonder how all the UK citizens who worked in countries around the globe have coped over the past decades..
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