Yes mate, perfectly viable explanation.Are we supposed to believe this? Why don't the UK government ramp up the pound with a few well chosen words then?
Here, I'll try.....pound....sterling.....good. Fill yer boots everyone.
Don't panic everyone, Boris said it will all be OK....5th biggest economy.... Fundamentally sound... Fantastic opportunities.... Taking back control....
Perhaps the algorithm everyone is blaming actually got it right. The £ is not recovering at all after the initial gain after the sell.
How much are you short then ?The recovery is going well... gbp up by 1c at 1.1127 v €. It's actually falling at the moment. It will most likely finish the day at around 1.10
Amusing to see how comments made by a deeply unpopular French President (who will be out of power in the upcoming election) reported in your favourite pro remain paper supposedly triggered a rogue algorithm is being presented as evidence Brexit is 'going to be a nauseating cavalcade of Brexit-induced self-harm for the next decade'.
Amusing to see how comments made by a deeply unpopular French President (who will be out of power in the upcoming election) reported in your favourite pro remain paper supposedly triggered a rogue algorithm is being presented as evidence Brexit is 'going to be a nauseating cavalcade of Brexit-induced self-harm for the next decade'.
Amusing you say? And people wonder why others question the intellect of some of those revelling in the effects of Brexit.
I was (unfortunately) only joking. I empathise with your situation and I'm sorry for making light of it, but I couldn't help thinking of David Brent. Blue Valkyrie had me sussed:Yeah for every winner there's a loser
At least you are not relocating to Swindon...
Unnecessary? There's that word again. Used inappropriately one more time. Unnecessary for whom? The British people voted, there would obviously be short and long term repercussions. Was it unnecessary to carry out their wishes? I am genuinely sad that your charity is suffering as a result but the market will be the market. We didn't get to vote on the basis that if we remain or leave we could have stability.I know many on here don't care, but this is really starting to cripple my charity, raising money in the UK and sending it to Indonesia. I'm going to have to lay some people off and cut back on projects, and its harsh because its so unnecessary
This is all tomorrow's chip paper/Britain is open for business as usual/this is great news for manufacturers/great news for foreign visitors and our tourist industry/nothing to see here/just smears by the anti-Brexit media
How was it avoidable? Oh I see, let's be dictated to by remainers such as yourself as we exiters are clearly too stupid to think for ourselves or look long term. It was only avoidable if the majority of people who voted in the referendum wanted us to continue in the EU. But you don't like democracy if the result doesn't go your way, a habit I presume you've learned from past EU votes.
Leaving the EU was always going to have repercussions, no one in their right mind said otherwise. The markets hate uncertainty and we have a period of relative instability now until things are formalised. Some short term effects of Brexit have worked to our advantage, some to our disadvantage. Calm down.
I would hope that most people with a reasonable intellect could tell the difference between ridiculing silly OTT responses to the fall in the pound and revelling in this news.
Yes, if the federalists from the European Council (and Commission) had listened to the British people's concerns over the EU and been more open to a bit of reform back in February then remain might just have sneaked a win. All they had to do was allow Cameron to go back with a couple of worthwhile concessions.
Blame the likes of Tusk and Juncker for being so arrogant.
How are you hoping events will affect her decisions? What do you hope she'll now do differently?Thankfully the PM hasn't yet laid out what exiting the EU will actually look like. Hopefully, she'll be taking note of events as they unfold and allow those to colour her decisions.