[Politics] Brexit

[GoldWithFalmer]

48% is a big number - don't forget us!!

 

[Behind Enemy Lines]

It's not a good indicator. It's the price they will sell Euros at. It's one side of a two-sided market. The actual market price is about 1.14 EUR. How much will they buy Euros at? I'm willing to guess it's the same distance above the mid-price, i.e. 1.30 EUR or so. You don't see that figure and think "we're not in a shambles anymore", do you?

Taking a rip off price as a market indicator is absolutely nonsensical.

Tell me the last time the pound was worth under a Euro? I suggest you watch some news and perhaps you'll begin to understand what a mess we're in because we are leaving the EU. We've seen nothing yet, it will get a lot worse. And May's Government has no clear plan about how to Brexit. It doesn't know what it's doing.

 

[pastafarian]

Given that the campaign was riddled with lies, fabrication, distortion, scare-mongering, etc, etc (on both sides) I very much doubt that anyone really understood the consequences of their vote. And given that we still have no clue what it means, I don't think you can make your claim.

its crystal clear what the result means, some people just dont want to open their eyes.
As i said ....with regards to free movement and the single market, the two issues you seem to be stuck on, the consequences of your vote were well documented and debated.

 

[pastafarian]

The very fact that we're still arguing about these issues is clear evidence that the Referendum itself wasn't particularly helpful.

No its clear evidence some of you simply dont want to accept the result. Nothing else.

 

[GoldWithFalmer]

Tell me the last time the pound was worth under a Euro? I suggest you watch some news and perhaps you'll begin to understand what a mess we're in because we are leaving the EU. We've seen nothing yet, it will get a lot worse. And May's Government has no clear plan about how to Brexit. It doesn't know what it's doing.

Brexit does not worry me,but a certain outcome to a certain presidential election very soon could have an impact on all of us.....that does fill me with a sense of foreboding..

 

[Leekbrookgull]

Yeah,but investor's love it.

 

[yxee]

Tell me the last time the pound was worth under a Euro? I suggest you watch some news and perhaps you'll begin to understand what a mess we're in because we are leaving the EU. We've seen nothing yet, it will get a lot worse. And May's Government has no clear plan about how to Brexit. It doesn't know what it's doing.

IT IS NOT WORTH LESS THAN A EURO.

That is a price offered by a rip off airport desk. If they sell you 1 Euro for £1, I guarantee the'll be buying 1 Euro for 70p. You can't just look at one side of a market!

 

[McTavish]

1) FTSE is mixed

So mixed in fact that it can be argued that the FTSE is actually lower than the pre-referendum level insofar as it is now worth less in US Dollars than it was before the vote.

 

[dazzer6666]

Given that the campaign was riddled with lies, fabrication, distortion, scare-mongering, etc, etc (on both sides) I very much doubt that anyone really understood the consequences of their vote. And given that we still have no clue what it means, I don't think you can make your claim. And, regarding the Referendum - why not have had several questions? What would have been wrong with a third option (namely, The Norway Option - or even a Swiss Option)? The very fact that we're still arguing about these issues is clear evidence that the Referendum itself wasn't particularly helpful.

Assume you'd have posted exactly the same if the vote had been 2 million the other way ?

 

[DavidinSouthampton]

its crystal clear what the result means, some people just dont want to open their eyes.
As i said ....with regards to free movement and the single market, the two issues you seem to be stuck on, the consequences of your vote were well documented and debated.

If it's crystal clear what was voted for, perhaps you should take yourself up to the House of Commons and explain it to the members there, because they don't seem to think it is crystal clear.

The vote was to leave the European Union, no more, no less. It's actually a bit short on the detail........ It was not specifically for hard brexit, for soft brexit, for trying to stay in or coming out of the single market, for clamping down on immigration or for anything else that people seem to be assuming.

There are two sides to any negotiation.

 

[portslade seagull]

Bedwetters out in force tonight

 

[Diego Napier]

Of course I did
If you take the view returning more law making powers to Westminster away from Brussels is important then it stands to reason this viewpoint is a perfectly credible reason for rejecting the European Union.
It would be on its own in my book, let alone when considered among other issues.
You don’t believe returning more law making powers is a credible reason……..you are entitled to your opinion.

Why is it important to you? In which way has Brussels had a direct detrimental affect on your life? Have you been made poorer? Has your life been threatened, or made shorter or your health impaired? Do you have less freedom of choice within the UK or abroad? Has your employment been threatened or have you lost your job? Has your quality of life been diminished? Are you less secure, have you been faced with the threat of losing your home or it's value being diminished?

You're obviously extremely anti-EU. You started this conversation by selecting and challenging one sentence from a detailed response I made to another poster

Whether a decision is made in Brussels or Westminster is of little consequence to the ordinary person and will have minimal affect on them

by stating

I would disagree with this on every level.
Its incredibly important. It’s the main reason for leaving this institution

but you've yet to substantiate it's importance, other than something insubstantial about not knowing who to lobby if you ever took it on yourself to create an action group so that you could change an EU law.

 

[Behind Enemy Lines]

IT IS NOT WORTH LESS THAN A EURO.

That is a price offered by a rip off airport desk. If they sell you 1 Euro for £1, I guarantee the'll be buying 1 Euro for 70p. You can't just look at one side of a market!

Stop shouting. It was yesterday when I posted. It remains very low. And you're wrong about the indicator. Airports are places where millions of ordinary people ( no doubt millions who voted Leave) change their money or buy Euros or dollars. It is a very good indicator.

 

[GoldWithFalmer]

The damage wrought - so far.

To be fair we might as well take out finger out of the dyke before we drown..

 

[pastafarian]

If it's crystal clear what was voted for, perhaps you should take yourself up to the House of Commons and explain it to the members there, because they don't seem to think it is crystal clear.

The vote was to leave the European Union, no more, no less. It's actually a bit short on the detail........ It was not specifically for hard brexit, for soft brexit, for trying to stay in or coming out of the single market, for clamping down on immigration or for anything else that people seem to be assuming.

There are two sides to any negotiation.

Hard or soft options are subjective.
Does leaving The European Union mean leaving the clutches of the ECJ or remaining in it......im sure you know the answer.

 

[JC Footy Genius]

In 2015 the pound was worth upto $1.58. If it was 15% overvalued then, as the IMF supposedly said in 2015 (cant find anything to back this up?), it should have been $1.37, not the ~$1.21 level it currently is at.

So when you said that the IMF said that the £ would fall as low as $1.15 they didn't really.

In terms of the new Deutsche Bank claim I found this article, which details DB's predictions for 2016; I have highlighted the pertinent bit in bold!

https://www.poundsterlinglive.com/g...d-to-suffer-in-2016-revise-up-eur-usd-to-0-90



I cant find anything from Deutsche Bank and a $1.15 level? So did they, really?

*sigh*

Pound is 'most overvalued currency in the world', analysts claim

http://www.telegraph.co.uk/finance/...ued-currency-in-the-world-analysts-claim.html

Not my problem you misread/misinterpreted my first post, I didn't claim the IMF specifically forecast the pound would fall as low as $1.15.

 

[drew]

Stop shouting. It was yesterday when I posted. It remains very low. And you're wrong about the indicator. Airports are places where millions of ordinary people ( no doubt millions who voted Leave) change their money or buy Euros or dollars. It is a very good indicator.

I doubt very much 'millions' of people exchange money at airports because anyone with common sense will get more for their money on the highstreet!

 

[LlcoolJ]

I doubt very much 'millions' of people exchange money at airports because anyone with common sense will get more for their money on the highstreet!

Apart from people like me. Going to Cuba next week and because it's a closed currency (tied to the dollar) the Brexit morons have basically screwed me. Can't change money until you get there.

Fortunately the hotel is AI and I've already paid for that and the flights. It's just going to make everything outside the hotel more expensive. I do realise this is #firstworldproblems but still.....

Wankers.

 

[deletebeepbeepbeep]

Can someone stop that David Davis speaking, every time he does so the £ takes another nose dive.

 

[Deleted member 22389]

Apart from people like me. Going to Cuba next week and because it's a closed currency (tied to the dollar) the Brexit morons have basically screwed me. Can't change money until you get there.

Fortunately the hotel is AI and I've already paid for that and the flights. It's just going to make everything outside the hotel more expensive. I do realise this is #firstworldproblems but still.....

Wankers.

Spare a thought to those of us out there that are just about keeping our heads above water and absolutely no way of affording a holiday.
It's been like this for many people, over many years now.

May be some of us voted Leave because we want something new, we shouldn't be called morons or wankers, it's just not very nice.
If you want to blame someone, blame the banks, politicians and the EU. It is their decisions that got us here, nobody else.