Pound gains on hopes a Brexit trade deal is close
23/12/2020
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Reports suggest a deal between the UK and EU could be announced later on Wednesday.
In May 2000, it was Euros 1.71 to the pound.
In the world of international finance there is one common truth. Currency markets are usually right.
In the world of international finance there is one common truth. Currency markets are usually right.
As I said, the currency markets are never wrong. In December 2008 the UK was disproportionately affected by the financial crisis owing to the size of its banking system compared to its economy. The currency markets were right then and they are right now. But the current sterling weakness is not due to a financial crisis.
The UK needs to diversify its logistics channels away from Dover, in particular, as this sort of guerilla trade 'warfare' will be with is for some time. Our so called friends are hell bent on making life difficult for all who live, work and play in the UK. ??
When friends fall out, it's usual to ask whose fault it is!
BJs just built a brexit tax collection centre nearby,where exactly do you suggest
Exactly. The French have been blocking ports for years, any excuse & its a pile of burning pallets/tyres
Their actions over the years would not suggest that they are our friends
Nothing short of an earthquake moving our nation would create better logistic channels than Dover-Calais.
It's strange that us Brits are criticising the French for doing exactly what we would do in the same position.
It's strange that us Brits are criticising the French for doing exactly what we would do in the same position.
It was 1.08 to the pound in December 2008.
As I said, the currency markets are never wrong. In December 2008 the UK was disproportionately affected by the financial crisis owing to the size of its banking system compared to its economy. The currency markets were right then and they are right now. But the current sterling weakness is not due to a financial crisis.
The UK needs to diversify its logistics channels away from Dover, in particular, as this sort of guerilla trade 'warfare' will be with is for some time. Our so called friends are hell bent on making life difficult for all who live, work and play in the UK. ??
pound will never recover from brexit,cheers 17.4 million thickheads
The UK needs to diversify its logistics channels away from Dover, in particular, as this sort of guerilla trade 'warfare' will be with is for some time. Our so called friends are hell bent on making life difficult for all who live, work and play in the UK. ??
"Pound gains after France reopens its borders"
Now the same as it was 3 days ago. Slow news day ?
Now the same as it was 3 days ago. Slow news day ?
Let's hope that we get that trade deal, otherwise the British people had better get used to a lot of shellfish in for lunch and dinner, if no deal. And remember, it cuts both ways. If we do not allow EU boats access to our waters, they do not allow access of our fishermen to European ports, to sell all that fish that British people are too squemish to eat.
we really should think about invading france.
A currency with a floating exchange rate goes up and down, that is what it is designed do.
Nothing to see here.
Nothing to see here.
AGREED... Only ever reported when it drops a small %. The £ has been around 1.3 against the dollar for best part of 2 years now
News happens because things happen. Amazing insight Keith. Brexit supporter by any chance?
Whatever happens those FOREX traders will keep making millions from all of the currency fluctuations usually a few times per day - think I might get in on the act but I'm a thick Brexiter so probably don't have a brain!
Totally correct. It's a country's financial pressure valve, something that individual states in the eurozone do not have. Consequently many in the Eurozone, especially the ClubMed states are lumbered with an exchange rate which is too high for their economies while Germany cleans up with a very beneficial under-valued euro.
Yeah, one thing I've noticed is that the pound doesn't really change that much any more against news of a likely deal or no deal. The costs of a no-deal have been pretty much paid for already and as far as the markets are concerned, it doesn't seem to make a lot of difference whether we get one or not at this late stage of the game.
If, and it is a big 'if', Brexit really was a good idea, then these 'small' currency fluctuations would be in the £'s favour and every Leaver would be on here crowing about it! Sadly it isn't and they are not!
Tell that to dealers who deal in 'yards, a very small shift up or down can make them millions.
Pound gains because EU Deal is imminent according to Sky News.
House prices and car sales will be going up next. zzzz zzzz zzzz
Is going to rally to our pre EEC rate of $2.40?
According to the BBC the pound was "slumping" when it fell by 1.5% last week, should it not be "soaring" in the report, seeing as it's now up over 1.2%?
No, the BBC accurately reports with due regard to it Institutional Left Wing, anti UK bias.
Remind me again, what was the exchange rate against the euro before brexit.
It's floated round the $1.3 mark since June 2016 where it took a big drop.
And I thought it was because France had opened its borders, how silly am I. I have not seen anywhere on the BBC that a deal is close, has Sky beaten them to a story.
Tony Connoly from RTE is tweeting a deal is possible with 24 hours. Jo Pike from Sky news is tweeting that number 10 says 'a deal is done' but he then said a deal might not be done. There's a lot of heresay doing the rounds today.
Usually, the BBC is also well behind Reuters (if only the BBC could emulate their sober, factual reporting) and RT (if only the BBC had their wit, style, command of the English language and ability to roundly mock all the woke piffle the BBC tries to ram down our throats).
A trade deal will only happen if either we bow down or the EU finally give in on the ridiculous ideas of controlling our waters for nothing in return, and us accepting a "level playing field" rule which by its very definition allows the EU to provide its members an unlimited amount of state aid while we are set an arbitrary limit.
I can't wait for this circus to be over!
I can't wait for this circus to be over!
You are right. Anything less is a betrayal of Brexit. Every country controls it’s own waters and every country can manage its own industrial strategy and state investments. Those that choose to pool with others, such as the EU do so by free choice and should be able to withdraw freely as well. Anything less is colonialism.
Let’s hope we sign a deal and nobody us totally satisfied, then we know it’s a decent agreement
There'll be deal alright, and I'll be back tomorrow to tell you "I told you so" and to give my fan club army of stalkers something to thumbs down again. Hah!
Less than 1 per cent, silly billies BBC up and down we go around and around all the time BBC making fake news
Sad thing is, the layman will never know for sure whether any difficulties or rises in the currency markets, shares or economy in general are due to Brexit or Covid. Depending on your source, if the economy struggles the Beeb/Guardian axis will claim it's due to Brexit. If it shows good improvement, it's 100% due to ending of lockdown. Meanwhile the Mail/Express will claim any successes for Brexit
....so, who do you believe? Last year YouGov showed "Less than half of Britons (44%) now say they trust the institution to tell the truth despite its public charter to remain politically neutral. This is a fall of seven percentage points since October (2019)"
Please, BBC, report Covid, Brexit and the economy impartially. We want the truth, not a partial opinion.
Please, BBC, report Covid, Brexit and the economy impartially. We want the truth, not a partial opinion.
think the bond market is thriving.
Of cause they`ll be a trade deal. We`re screwed otherwise and Boris knows it, and so do the EU.............
A no deal brexit will certainly hurt the UK but it will also hurt the EU. Both sides want a deal so they should just get on with it and stop all this nonsense.
Lol BBC , you have allready become an object of derision, find some real newsinstaed of reporting normal market fluctuations
This is all part of the Santa Rally, so dealers and traders can bolster their year end bonuses.
Mr Jones said the backlog of lorries was "in many ways was a dress rehearsal for the expected delays on Brexit".
--
There it is Brexiteers. Finally you get you wish to return GB to the 1940s/early1950s.
It'll be ration books soon...
Its what you voted for...Isn't it?
--
There it is Brexiteers. Finally you get you wish to return GB to the 1940s/early1950s.
It'll be ration books soon...
Its what you voted for...Isn't it?
In which universe? 2002 best rate £1 = 1.61 euro.
https://www.macrotrends.net/2553/euro-british-pound-exchange-rate-historical-chart
https://www.macrotrends.net/2553/euro-british-pound-exchange-rate-historical-chart
Complete lie. (Typical from a Leaver)
https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/GBP/GBP-to-EUR
Jan 01 2002 £1 = €1.5998 Dec 31 2002 £1 = €1.5342 Now £1 = €1.10
The Pound is a weaker currency than the Euro.
The Turkish Lira is worth 13 Japanese Yen but it isn't stronger!
https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/GBP/GBP-to-EUR
Jan 01 2002 £1 = €1.5998 Dec 31 2002 £1 = €1.5342 Now £1 = €1.10
The Pound is a weaker currency than the Euro.
The Turkish Lira is worth 13 Japanese Yen but it isn't stronger!
fake stat
Bit of a bonus for the truck drivers in Kent. When they arrived in the UK STG was on the slide & they would have got a better € to £ rate. Stay a couple of extra days & the situation reverses & they now get a better £ to € rate. Who says that it is only Boris's hedge fund buddies that profit from this!
i just read most of them have no money
Mr Jones said the backlog of lorries was "in many ways was a dress rehearsal for the expected delays on Brexit".
--
There it is Brexiteers. Finally you get you wish to return GB to the 1940s/early1950s.
It'll be ration books soon...
Its what you voted for...Isn't it?
--
There it is Brexiteers. Finally you get you wish to return GB to the 1940s/early1950s.
It'll be ration books soon...
Its what you voted for...Isn't it?
A trade deal will only happen if either we bow down or the EU finally give in on the ridiculous ideas of controlling our waters for nothing in return, and us accepting a "level playing field" rule which by its very definition allows the EU to provide its members an unlimited amount of state aid while we are set an arbitrary limit.
I can't wait for this circus to be over!
I can't wait for this circus to be over!
You are right. Anything less is a betrayal of Brexit. Every country controls it’s own waters and every country can manage its own industrial strategy and state investments. Those that choose to pool with others, such as the EU do so by free choice and should be able to withdraw freely as well. Anything less is colonialism.
"Every country controls it’s own waters and every country can manage its own industrial strategy and state investments."
Absolutely. Scotland must therefore control its own waters, so why is it that it is not Scottish MPs, but England MPs who are selling Scotland's waters and Scotland's fish as if it was theirs in order to get concessions for England?
Absolutely. Scotland must therefore control its own waters, so why is it that it is not Scottish MPs, but England MPs who are selling Scotland's waters and Scotland's fish as if it was theirs in order to get concessions for England?
"Those that choose to pool with others, such as the EU do so by free choice and should be able to withdraw freely as well"
Totally agree with you on that one. Scotland entered voluntarily into an international treaty with the kingdom of England in 1707. Now, 58% of the electorate wants to dissolve that treaty. So why is it that England MPs feel they can deny us our choice and right to do so?
Totally agree with you on that one. Scotland entered voluntarily into an international treaty with the kingdom of England in 1707. Now, 58% of the electorate wants to dissolve that treaty. So why is it that England MPs feel they can deny us our choice and right to do so?
"Anything less is colonialism"
And colonialism is what we see in Scotland every day when self-entitled England MPs who don't hold the mandate of a single vote from Scotland, have the arrogance of publicly stating they will actively deny Scotland its democratic mandates, deny its right to self determination, steal its assets, and force their will over Scotland against its own.
And colonialism is what we see in Scotland every day when self-entitled England MPs who don't hold the mandate of a single vote from Scotland, have the arrogance of publicly stating they will actively deny Scotland its democratic mandates, deny its right to self determination, steal its assets, and force their will over Scotland against its own.
"Anything less is a betrayal of Brexit"
What about the betrayal of Scotland and NI? Since when brexit, a political tool for VIP taxdodgers to avoid EU tax avoidance laws to continue hoarding cash in tax havens, matters more than Scotland, NI and the democratic rights of their people?
What is Scotland for you, then? a colony of England ? A warehouse of spare assets for England to help itself to?
What about the betrayal of Scotland and NI? Since when brexit, a political tool for VIP taxdodgers to avoid EU tax avoidance laws to continue hoarding cash in tax havens, matters more than Scotland, NI and the democratic rights of their people?
What is Scotland for you, then? a colony of England ? A warehouse of spare assets for England to help itself to?
Sad thing is, the layman will never know for sure whether any difficulties or rises in the currency markets, shares or economy in general are due to Brexit or Covid. Depending on your source, if the economy struggles the Beeb/Guardian axis will claim it's due to Brexit. If it shows good improvement, it's 100% due to ending of lockdown. Meanwhile the Mail/Express will claim any successes for Brexit
....so, who do you believe? Last year YouGov showed "Less than half of Britons (44%) now say they trust the institution to tell the truth despite its public charter to remain politically neutral. This is a fall of seven percentage points since October (2019)"
Please, BBC, report Covid, Brexit and the economy impartially. We want the truth, not a partial opinion.
Please, BBC, report Covid, Brexit and the economy impartially. We want the truth, not a partial opinion.
Murdoch and his cronies are ruthless and persistent. They know if you attack anything long enough and viciously enough many people will go along when the time comes to tear it down. They learned this from Goebbels.
Half the public!. How was the question worded, how big was the sample and was it a broad spectrum of people? You can manipulate any of these to get the answer you want. I'll ignore it as meaningless rubbish.
The UK needs to diversify its logistics channels away from Dover, in particular, as this sort of guerilla trade 'warfare' will be with is for some time. Our so called friends are hell bent on making life difficult for all who live, work and play in the UK. ??
As long as its a deal we can walk away from if its not right. my worry is the EU will have us tied up for years as a punishment and to stop others leaving the 'boys club'.
It was 1.34 yesterday BBC 24 hours after you reported a drop....keep up. Fed up of your crap 'journalism', you need to go as an organisation.
And why not give Murdoch a complete monopoly of the British Media, in fact why don't we just invite him to take over as PM thus cutting out the middle man?
Sterling climbed more than 1% against the dollar to top $1.35 and 0.75% against the euro to €1.1074.
Why do the BBC report this before the days trading has closed? It's currently $1.35 (+1.15%) and €1.11 (+0.94%).
If a whisper of no deal happens before 5pm it'll turn negative!!!
Why do the BBC report this before the days trading has closed? It's currently $1.35 (+1.15%) and €1.11 (+0.94%).
If a whisper of no deal happens before 5pm it'll turn negative!!!
Unnamed sources = I made s*** up
Mr Jones said the backlog of lorries was "in many ways was a dress rehearsal for the expected delays on Brexit".
--
There it is Brexiteers. Finally you get you wish to return GB to the 1940s/early1950s.
It'll be ration books soon...
Its what you voted for...Isn't it?
--
There it is Brexiteers. Finally you get you wish to return GB to the 1940s/early1950s.
It'll be ration books soon...
Its what you voted for...Isn't it?
You sometime wonder if the Media - not just BBC - have a vested interest in talking the currency and stock markets up and down - not that much has changed in 3 months yet barely a week goes by without some sort of sensationalist headline.
The way it works is actually surprisingly simple. A financial journalist is stuck for a story, can't be bothered to do some proper thinking and investigation and just copy&paste what's been press-released to them by the big investment funds and other participants in the markets. They know how it works, they have the resources to fund their own media pools to influence the public sentiment.
Not the media, just the city spivs and Reese Mogg and the like who make a fortune on currency speculation. At the end of the day it is meaningless.
Sterling climbed more than 1% against the dollar to top $1.35 and 0.75% against the euro to €1.1074.
Why do the BBC report this before the days trading has closed? It's currently $1.35 (+1.15%) and €1.11 (+0.94%).
If a whisper of no deal happens before 5pm it'll turn negative!!!
Why do the BBC report this before the days trading has closed? It's currently $1.35 (+1.15%) and €1.11 (+0.94%).
If a whisper of no deal happens before 5pm it'll turn negative!!!
Talk it up , talk it down
Trade on the news
Guess this is what is happening?
Trade on the news
Guess this is what is happening?
Mr Jones said the backlog of lorries was "in many ways was a dress rehearsal for the expected delays on Brexit".
--
There it is Brexiteers. Finally you get you wish to return GB to the 1940s/early1950s.
It'll be ration books soon...
Its what you voted for...Isn't it?
--
There it is Brexiteers. Finally you get you wish to return GB to the 1940s/early1950s.
It'll be ration books soon...
Its what you voted for...Isn't it?
So why has the port of Calais been doubled in size since 2016 using EU money: "The expansion of the port of Calais is aimed at meeting expectations for growth in traffic across the English Channel, mainly via its link to the port of Dover in south-east England. The port of Calais Boulogne forecasts that cross-Channel traffic will grow by 40% by 2030."
Illegal Immigrants?
According to the BBC the pound was "slumping" when it fell by 1.5% last week, should it not be "soaring" in the report, seeing as it's now up over 1.2%?
coo! you twisted soab. The BBC reports facts - you don't like them - and in your mind they are therefore biased and left wing! You exemplify the right wing view of the world which cannot tolerate any view other than its own and find factual reporting particularly dangerous to your world view, which is narrow, xenophobic and ultimately doomed to failure
H3 Brexit Biased Cover up is controlled by ERG types. Look no further than Laura the tory political correspondent.
Got to have something to balance the Right Wing balanced media whose owners fund the Tory party.
So why has the port of Calais been doubled in size since 2016 using EU money: "The expansion of the port of Calais is aimed at meeting expectations for growth in traffic across the English Channel, mainly via its link to the port of Dover in south-east England. The port of Calais Boulogne forecasts that cross-Channel traffic will grow by 40% by 2030."
As soon as the EU has to compete on world food prices in the UK it will either have to dial up the subsidies (oops that might fall foul of the UK agreement) or lower the price.
Wins for the consumer coming - Israeli strawberries and Morrocan lettuce please
Wins for the consumer coming - Israeli strawberries and Morrocan lettuce please
In May 2000, it was Euros 1.71 to the pound.
In the world of international finance there is one common truth. Currency markets are usually right.
In the world of international finance there is one common truth. Currency markets are usually right.
Or possibly rises on hopes that Sturgeon will be forced to resign.
He, who is without sin...
....so, who do you believe? Last year YouGov showed "Less than half of Britons (44%) now say they trust the institution to tell the truth despite its public charter to remain politically neutral. This is a fall of seven percentage points since October (2019)"
Please, BBC, report Covid, Brexit and the economy impartially. We want the truth, not a partial opinion.
Please, BBC, report Covid, Brexit and the economy impartially. We want the truth, not a partial opinion.
No, the BBC has continued to alienate the viewers for a VERY long time. The almost constant insertion of left wing "woke" politics and talking points, as if it's some additional media arm of The Guardian, has driven many ordinary people to switch off and/or despise the BBC. The views it puts out aren't those of the majority and it needs to reflect the majority to justify the licence fee
Interesting how it's always Bloomberg and other participant in the financial casino-style markets who get to know about every major plan, event, negotiation tactic etc before us, the plebs who live under the illusion that our vote actually matters.
call yourself a pleb, not me, i haven't had the best life, don't insult me.
the plebians did quite well under Ceaser.
Wonder why all the Financial Markets think No Deal is so bad for the UK?
Actually it's obvious to everyone except the totally clueless.
Actually it's obvious to everyone except the totally clueless.
Why do the markets think "no Deal" is a bad deal??
As you said,
"Actually it's obvious to everyone except the totally clueless."
As you said,
"Actually it's obvious to everyone except the totally clueless."
You do realise that the stock markets are only ever interested in short term results. Long term prospects are always overwhelmed by some jam today. If the market reaction is how you judge a good or bad deal then you must be very short sighted. I suspect most remainers do take a very short term view - anything that makes them a £ worse off tomorrow is bad even if they could have £5 next year. Sad
no idea.
Let's hope that we get that trade deal, otherwise the British people had better get used to a lot of shellfish in for lunch and dinner, if no deal. And remember, it cuts both ways. If we do not allow EU boats access to our waters, they do not allow access of our fishermen to European ports, to sell all that fish that British people are too squemish to eat.
Respect UK
Lol BBC , you have allready become an object of derision, find some real newsinstaed of reporting normal market fluctuations
#
So why do you spend all your time on the BBC?
Must feel a bit foolish.
And the emotion over the approaching deal has made your spelling worse than normal.
????????????
Lol BBC , you have allready become an object of derision, find some real newsinstaed of reporting normal market fluctuations
#
So why do you spend all your time on the BBC?
Must feel a bit foolish.
And the emotion over the approaching deal has made your spelling worse than normal.
????????????
Indeed - not sure why Daily Mail readers spend so much time ranting their lickspittal on here.
Breaking news on the Bloomberg,
Sources, An outline of a deal has been agreed !!!
Sources, An outline of a deal has been agreed !!!
You sometime wonder if the Media - not just BBC - have a vested interest in talking the currency and stock markets up and down - not that much has changed in 3 months yet barely a week goes by without some sort of sensationalist headline.
The way it works is actually surprisingly simple. A financial journalist is stuck for a story, can't be bothered to do some proper thinking and investigation and just copy&paste what's been press-released to them by the big investment funds and other participants in the markets. They know how it works, they have the resources to fund their own media pools to influence the public sentiment.
Journos are about as trusted (and hated) as politicians because they've become little more than political activists who by and large seem to hate the average Joe.
Breaking news on the Bloomberg,
Sources, An outline of a deal has been agreed !!!
Sources, An outline of a deal has been agreed !!!
Anyone who has basic analytical skills and has ever paid closer attention to what goes on in the political dark-rooms has lost that illusion years ago..
Capitalism is clueless. Look at the planet.
and he is totally clueless.
Did Boris blink first in the longest Mexican stand off ever?
Was the prospect of an indy ref in Kent too much for him? - trust me I live in Folkestone and the last few days in Kent have demonstrated how rubbish we are as a nation and how much we need a deal!
If closing Calais docks can bring grown men to there senses and get a trade deal signed off perhaps they should have done it months ago!!!
Was the prospect of an indy ref in Kent too much for him? - trust me I live in Folkestone and the last few days in Kent have demonstrated how rubbish we are as a nation and how much we need a deal!
If closing Calais docks can bring grown men to there senses and get a trade deal signed off perhaps they should have done it months ago!!!
Hum, perhaps the people of Kent (along with a lot of others) should have thought a bit harder before voting to leave in the referendum, throwing away the benefits we had through EU Membership
Stiff upper lip old chap, we'll see their backs yet, Boris or not.
"trust me i live in Folkestone and the last few days in kent"
Waiting for an official anouncement !!
The more the populist brigade critise the BBC on its own website, the more it shows how they fear its gravitas. Anyone who genuinely distrusts the BBC would not even read its stories, let alone leave comments.
The Beeb is classically liberal left - the employees are champagne socialist remainer types and will produce articles through that lens.
Quite correct, it baffles me why the Daily Mail readers are even on here.
So we have to pay for it whether we like it or not but should not be able to come and see what our money is being used for!
Why ?
We're paying for this (against our will)
Therefore we're entitled to our opinion
We're paying for this (against our will)
Therefore we're entitled to our opinion
i suscribe to "pravda" for my news
these comments are not BBC poison, I got straight to the comments and skip the lies above them.
And as always the detail !!!
Pound gains because EU Deal is imminent according to Sky News.
How all those Eurozone basket cases like Italy must wish they had a workable floating currency like the UK has. Instead of the deflationary straightjacket they have that only really benefits Germany.
Explain !!!
Yes - a common currency is a real disaster isn't it? Just like the dollar.
It's 'radical chic', and a stereotype from the 1970s. Reset, reassess, and make today's world work for you...
And a far percentage are hypocritical tax dodgers too.
Plus the lens of race and gender.
How all those Eurozone basket cases like Italy must wish they had a workable floating currency like the UK has. Instead of the deflationary straightjacket they have that only really benefits Germany.
Explain why you don't understand basic economics and use triple exclamation marks instead of a question mark ? May suggest a correspondence course if your knowledge is lacking ?
If you need an explanation you possibly do not understand the damaging effect of the German-influenced Euro on the weaker Euro countries.
Or are you just being obtuse?
Or are you just being obtuse?
its called the euro.
He can't because he reads political anti-Eu soundbites only without really able to understand economics. In other words he surfs on waves of economical truth.
Hallmarky is 100% right. If a country has temporary (or even permanent) difficulties, a floating exchange rate allows it's currency to drop and its products to become cheaper.
If Greece's currency had dropped, more holiday makers would have had a "cheap" holiday. More of them would have each spent more, Greeks would have been less inclined to go abroad, and Greece would have recovered quicker
If Greece's currency had dropped, more holiday makers would have had a "cheap" holiday. More of them would have each spent more, Greeks would have been less inclined to go abroad, and Greece would have recovered quicker
Bit of a bonus for the truck drivers in Kent. When they arrived in the UK STG was on the slide & they would have got a better € to £ rate. Stay a couple of extra days & the situation reverses & they now get a better £ to € rate. Who says that it is only Boris's hedge fund buddies that profit from this!
NO DEAL!!!!! WTO!!!! STUFF THE FORRRINERS!!!! RULE BRITANNIA!!!!!
With a bit of luck, the vociferous minority who would happily see the UK go to hell in a hand cart using patriotism as a cover for some kind of rabid hatred of everything, will now do the rest of us a favour and resume their former occupation. Shouting at pigeons.
With a bit of luck, the vociferous minority who would happily see the UK go to hell in a hand cart using patriotism as a cover for some kind of rabid hatred of everything, will now do the rest of us a favour and resume their former occupation. Shouting at pigeons.
You do realise that the stock markets are only ever interested in short term results. Long term prospects are always overwhelmed by some jam today. If the market reaction is how you judge a good or bad deal then you must be very short sighted. I suspect most remainers do take a very short term view - anything that makes them a £ worse off tomorrow is bad even if they could have £5 next year. Sad
How all those Eurozone basket cases like Italy must wish they had a workable floating currency like the UK has. Instead of the deflationary straightjacket they have that only really benefits Germany.
A single currency amount disparate economies is the equivalent of a single dose medication where every one gets the average amount ... it works for some, not at all for others and near kill the rest.
Now take a look at the EU economies and ponder why most will never improve their economic status ... ever
Now take a look at the EU economies and ponder why most will never improve their economic status ... ever
"Matt Hancock said: "This new variant is highly concerning because it is yet more transmissible and it appears to have mutated further than the new variant that has been discovered in the UK.""
I would expect a reversal in the price based on Hancock's latest announcement. If a new variant has only just been found, how do they know it is "yet more transmissible"
I would expect a reversal in the price based on Hancock's latest announcement. If a new variant has only just been found, how do they know it is "yet more transmissible"
Why do the markets think "no Deal" is a bad deal??
As you said,
"Actually it's obvious to everyone except the totally clueless."
As you said,
"Actually it's obvious to everyone except the totally clueless."
This is not the end,this is not even the end of the beginning but it is the beginning of the end roll on rejoining.
Re-joining what and when?
UK will not have a government in position to apply to re-join in under 10 years, by which time there will be little appetite to join an Empire with a clutch of dictators in Brussels controlling all policy for the benefits of Germany with a few crumbs for France.
Or there will be absolutely nothing in place to re-join.
UK will not have a government in position to apply to re-join in under 10 years, by which time there will be little appetite to join an Empire with a clutch of dictators in Brussels controlling all policy for the benefits of Germany with a few crumbs for France.
Or there will be absolutely nothing in place to re-join.
NO DEAL!!!!! WTO!!!! STUFF THE FORRRINERS!!!! RULE BRITANNIA!!!!!
With a bit of luck, the vociferous minority who would happily see the UK go to hell in a hand cart using patriotism as a cover for some kind of rabid hatred of everything, will now do the rest of us a favour and resume their former occupation. Shouting at pigeons.
With a bit of luck, the vociferous minority who would happily see the UK go to hell in a hand cart using patriotism as a cover for some kind of rabid hatred of everything, will now do the rest of us a favour and resume their former occupation. Shouting at pigeons.
Did Boris blink first in the longest Mexican stand off ever?
Was the prospect of an indy ref in Kent too much for him? - trust me I live in Folkestone and the last few days in Kent have demonstrated how rubbish we are as a nation and how much we need a deal!
If closing Calais docks can bring grown men to there senses and get a trade deal signed off perhaps they should have done it months ago!!!
Was the prospect of an indy ref in Kent too much for him? - trust me I live in Folkestone and the last few days in Kent have demonstrated how rubbish we are as a nation and how much we need a deal!
If closing Calais docks can bring grown men to there senses and get a trade deal signed off perhaps they should have done it months ago!!!
The Beeb is classically liberal left - the employees are champagne socialist remainer types and will produce articles through that lens.
Yes - a common currency is a real disaster isn't it? Just like the dollar.
A single currency amount disparate economies is the equivalent of a single dose medication where every one gets the average amount ... it works for some, not at all for others and near kill the rest.
Now take a look at the EU economies and ponder why most will never improve their economic status ... ever
Now take a look at the EU economies and ponder why most will never improve their economic status ... ever
Yes - a common currency is a real disaster isn't it? Just like the dollar.
The world needs a single currency with America deciding what every other countries entry value will be ... that should work and make the USA the most powerful economic power ever.
Now look at the EU and ask why the weaker states never get stronger now they have the Euro ...
Now look at the EU and ask why the weaker states never get stronger now they have the Euro ...
Time to realise spending years shooting into a megaphone and waving EU flags at cameras actually made the case for EU membership even less appealing.
How all those Eurozone basket cases like Italy must wish they had a workable floating currency like the UK has. Instead of the deflationary straightjacket they have that only really benefits Germany.
We are still the 6th biggest economy globally having been overtaken by India by dint of its huge population. Italy is miles behind us in terms of gdp and Bristol is a basket case city. Still you got everything else spot on ????.
Define rich.. UK and Italy spend more than income. We have some trappings of richness but if I buy a Ferrari on credit, earn a reasonable wage but have no money in the bank am I rich?
Explain !!!
Just saw an Irish Minister test positive well I suppose after 600 years of being negative a change in due ....
In the world of international finance there is one common truth. Currency markets are usually right.