Stock markets and pound rise ahead of Brexit deal
24/12/2020
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UK markets close for Christmas in upbeat mood, hours before the Brexit trade deal is announced.
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Paul
24/12/2020 11:42:33
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bbc
Let us hope the Tories in the know are not allowed to carry out insider trading.
Actual MPs won't do it, they have "contacts" who will do it for them! Farage did it on referendum night, when he made two speeches conceding defeat (when he knew Leave was winning) so his currency speculating chums could make a killing! Bloomberg did a programme about it!??
Lets see whats rising - or going down... that reveals the true nature of it.
Yes, all those Labour politicians are cleaner than clean, aren't they?
Insider trading is specific offence of dealing on the basis of non-public price sensitive information / disseminating such information before public release.
You'd need to know someone in the possession of such information willing to risk 7 years in the clink and / or unlimited fine on a regular basis. Dealing on what you think might happen as a consequence of the deal is NOT Insider trading
You'd need to know someone in the possession of such information willing to risk 7 years in the clink and / or unlimited fine on a regular basis. Dealing on what you think might happen as a consequence of the deal is NOT Insider trading
Good news pushes markets & sterling upwards! Who knew??? Probably not Boris!??
But has he got the nerve to face down the ERG? I don't believe he has! His deep needed desire to be liked, is his achilles heel!??
Not really you can trade a bit of this n that but services etc etc etc how much is left out of this thin deal. 2000pgs 1.5 space and 12pnt plus... go on a degree dissertation would get away with it.
Let’s hope for the sake of all that a trade deal is agreed that will allow the UK continued access to the EU single market
The economic consequences of failing here are unimaginable
The economic consequences of failing here are unimaginable
My company works with companies in Sweden & Germany...........Brexit has not been discussed since 2016 when it was agreed no matter what the outcome business as usual. It may sound alarming but the UK does have services and products that EU companies want & vice versa........It's not just about planet London like British MSM would like everyone to believe!
It’s approaching 12 noon in Britain, 1 PM in Europe and we are told that there are still hours of negotiations so it still may not be settled today
Only in goods, services and secutiry and so many other things sorted over 40yrs arnt in it, meaning they will have to start again... however they will have a price attached... about 10b I'd guess - but no one will see it happening...
Strange as most of my suppliers are in the EU and it’s business as usual, no matter what ! I keep buying, they keep selling, no issues at all
Absolute nonsense. He can't influence the result. I say this as a currency trader.
Farage has never been an MP.
So why’s he not in prison
The markets always like good news. Only yesterday the BBC where being negative about Sterling, now they have to eat humble pie.
Think you'll find they were doing that news thing, reporting what happens... tomorrow I bet there will be a story about Christmas... again whats the point its been going on for years... Stop bleating on...
Long term, the markets have not changed. Now, if you taking a short position...
This is good news and hopefully it is time to stop moaning and start looking forward with renewed optimism
Yes, now we've only got Covid, mass unemployment & trillions of debt to deal with! ??
Yeh right all depends on what wnd of the stick your on... more paperwork, more middlemen to pay... oh that'll be the city making more from less again... You''ll say Ive no idea... oh I tell you I have a lot more insight... Property is not going to be the buzz invest in London.
it's excellent news, the financial markets tell us what sort of a deal Boris has got, and so far they like it with the pound gaining.
Not doubt the people that dislike everything that Boris does will dislike the success he's had but if they want to moan and suck bitter lemons let them.
Not doubt the people that dislike everything that Boris does will dislike the success he's had but if they want to moan and suck bitter lemons let them.
But any agreement, however thin and useless to British industry, will not please the Faragist element of the Tory party, and their acolytes, so you should expect the moaning to go on for a very long time yet
Meanwhile, those of us in industry, who make a more valuable contribution to Britain, will continue to struggle to work, export and employ worthy people.
Meanwhile, those of us in industry, who make a more valuable contribution to Britain, will continue to struggle to work, export and employ worthy people.
This is like my team losing 3-1 to Liverpool and we celebrate that it could have been worse.
I see Johnson's faux positivity bots are out in force today. Why should people just sweep under the carpet the absolute mess even this deal will be. Any deal, is worse than remain. FACT. People will continue to go to work, be positive and do there best, but these positivity bots are all here to try to make sure we forget this absolute Cameron/BJ/Tory mess come the next election. Don't let them.
Whistling in the dark is such fun. Most people prefer the warmth and sunlight, which was why we were all promised those broad, sunlit uplands at the outset of this movement for more beggary.
Boris f...ked us over. Now people are suddenly saying any deal is better than no deal. No, it was always understood that no deal is better than a bad deal. If this deal is approved, we will pay for it for years to come. Hence the timing, because Boris and EU is hoping we’re not paying attention the day before Christmas. Shameless !!!
This is fake news, what is Pound doing against Euro? Nothing
What is dollar doing against Euro? Dropping, a lot, since Corona started.
Pound is not increasing over Dollar, Dollar is just dropping against everything.
What is dollar doing against Euro? Dropping, a lot, since Corona started.
Pound is not increasing over Dollar, Dollar is just dropping against everything.
I'd be a more optimistic if we had the deal we had before.
We're seriously disadvantaged compared to other countries in Europe, and I've no idea how we get around that. We won't have access to that vast labour market, we won't have frictionless trade, we won't have the authority that something as big as the EU has when it comes to making trade deals.
It's going to be tough.
We're seriously disadvantaged compared to other countries in Europe, and I've no idea how we get around that. We won't have access to that vast labour market, we won't have frictionless trade, we won't have the authority that something as big as the EU has when it comes to making trade deals.
It's going to be tough.
Been a great year for my Stocks and Shares ISA gained 45% across the whole portfolio, Tech Funds, Future Energy and AI.
The members of the ERG have got what they wanted, we have left the EU, but maybe not the type of departure they hoped for. If Boris delivers what looks likely then even those who voted remain may be happy, no tariffs for trade with our nearest neighbours, it is his chance of re-uniting the nation. The whole Brexit issue was poison, time to lance the boil and get on with our lives.
Political brinkmanship at its most obvious.
Well, you are of course free to keep on moaning if you think it helps,but it probably doesn't. Merry Christmas and peace to all.
'Mass unemployment'
Could be worse, we could be in the EU which has double the unemployment rate of the UK.
Could be worse, we could be in the EU which has double the unemployment rate of the UK.
Thank you little Englanders. By the way, what are the benefits of leaving for the non-rich?
We haven't got mass unemployment. In recent years the figures are higher but we have had so many 3 for 1 jobs going that has been the main driver of low unemployment.
Half Glass empty person then
THAT is EXACTLY the sentiment that has been holding the UK back; totally NEGATIVE attitude!!!!
Why don't you just say it it's all the Tories fault grow up
The members of the ERG have got what they wanted, we have left the EU, but maybe not the type of departure they hoped for. If Boris delivers what looks likely then even those who voted remain may be happy, no tariffs for trade with our nearest neighbours, it is his chance of re-uniting the nation. The whole Brexit issue was poison, time to lance the boil and get on with our lives.
Markets & sterling up on news of a deal! The $64million question though is:-
Does Boris have the courage to stand up to the ERG?
Is he prepared to eject them from the party as he did all the moderate Tories in 2019?
That's where this stands or falls!??
Does Boris have the courage to stand up to the ERG?
Is he prepared to eject them from the party as he did all the moderate Tories in 2019?
That's where this stands or falls!??
ERG? They make far more noise than their number suggests - the deal will pass parliament with ease however much they throw their toys.
The ERG have what they want, out of EU, free from investigation of assets in tax free havens.
If it was not for the ERG we would have had Theresa May's BRINO.
The ERG are to the Tories what "Militant Tendency" where to Labour in the 80's with one important difference in that the press "barons" and their editors support them so no bad articles in the press for them!
Actually, it was the $64k queston.
It will easily pass as the ERG is just a small fraction, and Labour wouldn’t vote against it as a no deal is regarded by them as a worse outcome
It just proves that Brexit was never about leaving the EU , It was about the ERG gaining control and avoiding the Tax they should rightfully pay, whilst making millions betting on a no deal. Half the ERG members represent Remain voting areas so that just shows how much is about 'will of the people'
Boris f...ked us over. Now people are suddenly saying any deal is better than no deal. No, it was always understood that no deal is better than a bad deal. If this deal is approved, we will pay for it for years to come. Hence the timing, because Boris and EU is hoping we’re not paying attention the day before Christmas. Shameless !!!
The ERG should have been ejected from the Tory party years ago.
This bunch far right nationalists pushed Cameron into a referendum that's caused untold damage to the UK, and will continue to damage it for many years.
This bunch far right nationalists pushed Cameron into a referendum that's caused untold damage to the UK, and will continue to damage it for many years.
The markets always like good news. Only yesterday the BBC where being negative about Sterling, now they have to eat humble pie.
No, you don't understand, the BBC dictates what happens.
They should start only reporting that everything is fine and dandy, and that the unicorns have came back, then everything would be great
They should start only reporting that everything is fine and dandy, and that the unicorns have came back, then everything would be great
My company works with companies in Sweden & Germany...........Brexit has not been discussed since 2016 when it was agreed no matter what the outcome business as usual. It may sound alarming but the UK does have services and products that EU companies want & vice versa........It's not just about planet London like British MSM would like everyone to believe!
And it's not just up to you whether or not you can trade without tariffs.
You are obviously not in the motor industry, farming or much else. What is exactly you are doing? Selling on eBay?
".It's not just about planet London like British MSM would like everyone to believe!"
I have worked with people from all over the UK.
There seems to be a myth that the streets are paved with gold, and everything is rosy and affluent.
In effect, the MSM are reporting about Business London, not Residents London.
There is a lot of poverty in London.
I have worked with people from all over the UK.
There seems to be a myth that the streets are paved with gold, and everything is rosy and affluent.
In effect, the MSM are reporting about Business London, not Residents London.
There is a lot of poverty in London.
Really
What’s the company
What’s the company
80% of my companies business is with other businesses in the EU.
The problem is even with a deal, exporting to the EU will cost more due to all the extra admin and bureaucracy. It could also slow down the passage of goods leaving the country. As we have competitors in the EU, it could make us uncompetitive.
Grim times.
The problem is even with a deal, exporting to the EU will cost more due to all the extra admin and bureaucracy. It could also slow down the passage of goods leaving the country. As we have competitors in the EU, it could make us uncompetitive.
Grim times.
Just got to get the Remainers to accept it now to bring a halt to this dreary story dragging on.
I'm looking forward to a steady rise in share prices towards the spring helped by more good news on Covid-19 vaccine.
I'm looking forward to a steady rise in share prices towards the spring helped by more good news on Covid-19 vaccine.
We will continue to remind you of the consequences of quitters decisions.
Just because you won Brexit does not mean you are absolved from responsibility of Brexit.
Own what you won.
Just because you won Brexit does not mean you are absolved from responsibility of Brexit.
Own what you won.
Rees-Mogg closed his shirt position against the pound yesterday morning and made a few hundred million in the process, so Boris could finally cave in and sign the deal. Ho ho ho!
Removed
Lefty remoaners hate people making money. They want everyone to be as poor as they are
I closed my shirt position because it's December and getting a bit cold.
Good news, I would not want to see him with his shirt open - ghastly idea!
Remainers and complainers are full of conspiracy theories.
Never a true word said in jest. And little Englanders still say that the EU is corrupt.
Proof please about Rees Mogg, otherwise it’s FAKE news & trolling
All this positive news must be frustrating the doom mongers no end who were primed waiting to say 'I told you so'. No doubt they will find something to put on a negative spin and moan about.
Sturgeon already has!
Just look at the £ pre referendum, look at it now that a hard Brexit deal is in place.
To be answered after the photo opportunities for Mr Johnson are over.
To be answered after the photo opportunities for Mr Johnson are over.
So what are the benefits for the non-rich then? Lemmings.
Funny how quick you are to label something as good news, without knowing any of the details.
Facts aren't important to brexit supporters though, only the narrative.
If the clown in charge comes back with a deal which 'is as good as being a member' then I will applaud his good work.
If though, as widely expected, his deal is a shambles which further damages the Uk, don't expect any sympathy.
Facts aren't important to brexit supporters though, only the narrative.
If the clown in charge comes back with a deal which 'is as good as being a member' then I will applaud his good work.
If though, as widely expected, his deal is a shambles which further damages the Uk, don't expect any sympathy.
This isn't "positive news" its the bare minimum needed to avoid an economic disaster, it doesn't matter how good the deal is it is massively worse than being in the EU & the UK no longer has a voice in the EU don't forget. The UK is going to be a bit like the sponge boy running round the huddle of the first 15, desperately hoping he might get asked to play one day, not realising he never will
Boris f...ked us over. Now people are suddenly saying any deal is better than no deal. No, it was always understood that no deal is better than a bad deal. If this deal is approved, we will pay for it for years to come. Hence the timing, because Boris and EU is hoping we’re not paying attention the day before Christmas. Shameless !!!
Positive news?
We haven't seen the deal yet. Johnson has already offered £100m to the tiny fishing industry, so I'm guessing they've been thrown under the bus in order to get a deal.
We haven't seen the deal yet. Johnson has already offered £100m to the tiny fishing industry, so I'm guessing they've been thrown under the bus in order to get a deal.
So you’ve read the agreement? I bet used car salesmen love you.
BBC News channel gave Alistair Campbell approx.10minutes to give his diatribe on Brexit. More time than anyone else.
Anyone wanna give odds on Bojo and his band of Brexiteer clowns securing a Trade deal only because they've capitulated on virtually every one of their Brexit promises and will then start repeating all their Brexit soundbites "taken back control" etc. because they've kept 1 or 2? Wait for it Brexiteers: you're about to start wailing in pain!!
James, we we have left the EU, we have taken back control, we are no longer in the corrupt EU, vaccines are here, the sun is shining, it’s Christmas, cheer up mate, we have a great future... from a brexiteer, your welcome
PMSL........and there we have it, exactly why people are at each others throats still in this country. People like you simply cannot accept something happened which you didn't agree with and all you can do is continue to insult them..........You're a very sad individual. Try growing up or perhaps go and live in the EU.....You do have a choice!
Think you'll find they were doing that news thing, reporting what happens... tomorrow I bet there will be a story about Christmas... again whats the point its been going on for years... Stop bleating on...
Well done BoJo the Clown and all his Circus muppets.
A deal will now hold the pound value and hopefully secure free trade, so companies will stop closing their UK base. And next year, thanks to not having to comply with EU rules, BoJo can attract big business into the UK as employee rights will be a thing of the past.
The UK can at last be the sweatshop of Europe and the World.
A deal will now hold the pound value and hopefully secure free trade, so companies will stop closing their UK base. And next year, thanks to not having to comply with EU rules, BoJo can attract big business into the UK as employee rights will be a thing of the past.
The UK can at last be the sweatshop of Europe and the World.
When you start a comment with insults, no one bothers to read the rest of what you have to say.
It all ready is in Leicester but lets not talk about that, wrong demographic running the sweat shops for it to be a concern to the legacy media or the rent a mobs. Also the UK has substantially better worker's rights and conditions than most European countries.
Good luck with that.
Accept Brexit but think deal could have been done in the 4 and half years since vote. No one gets a good deal with brinksmanship. Only winners are financiers and speculators. U K +/- Scotland will be poorer for many years to come.
Hi, Ken (no relation)
I disagree. Brinkmanship (along with good negotiators on both sides) ensures that both sides get roughly 50%. If you agree too quickly then one side is getting a better deal than the other. I voted remain (not through any love of the EU institutions but persuaded that the economics would be better) but have changed my mind. Medium/long term, I think the UK will be better off
I disagree. Brinkmanship (along with good negotiators on both sides) ensures that both sides get roughly 50%. If you agree too quickly then one side is getting a better deal than the other. I voted remain (not through any love of the EU institutions but persuaded that the economics would be better) but have changed my mind. Medium/long term, I think the UK will be better off
No it couldn't , because the EU decided it would not start trade negotiations until the UK had left the EU.
So negotiations could only start last January when we entered the transition period.
So negotiations could only start last January when we entered the transition period.
Scotland less so after they rejoin the EU.
Do you think we would have got a better deal by simply acceding to the EU's demands? They tried to shaft us until Boris took over.
Sometimes you have to go in for brinkmanship.
Sometimes you have to go in for brinkmanship.
Scotland would be even poorer without England propping them up
Why do you say that when you get your independence everything will be great on planet Scotland no need to worry about money as we won't have any and if we do our fifth former will spend it
The FTSE-100 is down.
So this “deal“ the nationalists herald like they’ve won WW2 is nothing short of worse for the economy.
So this “deal“ the nationalists herald like they’ve won WW2 is nothing short of worse for the economy.
I will believe that there is a deal when it is done. We are not there yet.
Anyone wanna give odds on Bojo and his band of Brexiteer clowns securing a Trade deal only because they've capitulated on virtually every one of their Brexit promises and will then start repeating all their Brexit soundbites "taken back control" etc. because they've kept 1 or 2? Wait for it Brexiteers: you're about to start wailing in pain!!
‘Your (sic) welcome’ ???
What a commotion. Just a bunch of turkeys rejoicing that christmas has arrived. Shallow people for a shallow, unwarranted cause. So many injustices and crisis in UK have been placed on the back burner while this incredibly expensive farce plays out.
Ho ho ho. Leave supporters are such shallow people compared with you sophisticated Remainers, aren't they?
The FTSE-100 is down.
So this “deal“ the nationalists herald like they’ve won WW2 is nothing short of worse for the economy.
So this “deal“ the nationalists herald like they’ve won WW2 is nothing short of worse for the economy.
I find it good economic planning, I always thought there was going to be a deal, I think this delay has been planned with this virus effecting EU & UK markets, delaying a deal will create a double bounce on the markets, with a vaccine being rolled out across the continent in the new year plus a deal we will see a sharp rise in markets and for them to increase more dramatically in 2022.
Thanks to the remainers, our decision to leave the EU has been totally sabotaged. After four and a half years of giving in to the EU demands, we have arrived at a trade deal which is even worse than the withdrawal deal. We will now be subject to the whim and fancy of the EU for the foreseeable future.
Not what remainers wanted or voted for. The outcome is owned by those who voted for it and the Brexit government who delivered it.
Whilst I’ve not seen any details yet, delighted in principle that there’s a deal though.
Whilst I’ve not seen any details yet, delighted in principle that there’s a deal though.
Only the extreme leave or remain nut jobs will be unhappy, normal people will be happy
Oh grow up & accept the consequences of your actions! Jeez Brexiters & responsibility...... never the twain shall meet!??
But Bill, we took back control! Or was that all Brexiteer BS!
Brexiteers made the mess. Have the courage to own it!
Brexiteers made the mess. Have the courage to own it!
Ho Ho Ho! We don't know the detail of the agreement yet to be reached but it's good to see you getting your excuses in early. Always somebody else's fault.
Something is very FISHY about this. It is likely that the whole Brexit deal no deal fiasco is a result of dodgy dealings on the financial markets. The pound collapsed a couple of days ago allowing investors to buy sterling and shares on the cheap. Now both have risen sharply. Possibly fraudulent activity by MP's in the know? I am not saying this has definitely happened but should be investigated
its beginning to feel a lot like xmas ! my share p/f has gone ballistic in the last couple of days this half day trading is my xmas present. Its a blue day for all my share holdings ! Not sure why so many remoaners even comment on here they obviously know nothing about investing & I thought the £ was going to become worthless wrong on all scores guys.
You obviously know nothing about markets! They usually price in expectations a long way in advance! That's why most are very well off! The pound is still way off where it was in June 2016!??
Too soon to gloat, also gloating and investing are a dangerous combination.
The pound is ~€1.08. When the euro was launched it was €1.47. 25% down. Seems you are suffering from selective memory.
Anyone wanna give odds on Bojo and his band of Brexiteer clowns securing a Trade deal only because they've capitulated on virtually every one of their Brexit promises and will then start repeating all their Brexit soundbites "taken back control" etc. because they've kept 1 or 2? Wait for it Brexiteers: you're about to start wailing in pain!!
PMSL........and there we have it, exactly why people are at each others throats still in this country. People like you simply cannot accept something happened which you didn't agree with and all you can do is continue to insult them..........You're a very sad individual. Try growing up or perhaps go and live in the EU.....You do have a choice!
James, we we have left the EU, we have taken back control, we are no longer in the corrupt EU, vaccines are here, the sun is shining, it’s Christmas, cheer up mate, we have a great future... from a brexiteer, your welcome
I hope you're right! Boris tends to fold like an an origami swan, when faced with the ERG!??
The ERG are an irrelevance on this as Labour will either vote with the government or abstain.
Let's hope so, but what will they do next?
I can't imagine that ERG have yet given up on their dream of destroying the UK economy / young people's prospects.
Many ERG benefitted substantially (EU funded Erasmus education, etc.) from Britain's membership of the EU and consequent growth of our economy from bankruptcy.
But there will be no limit to ERG hypocrisy, given their political ambition.
I can't imagine that ERG have yet given up on their dream of destroying the UK economy / young people's prospects.
Many ERG benefitted substantially (EU funded Erasmus education, etc.) from Britain's membership of the EU and consequent growth of our economy from bankruptcy.
But there will be no limit to ERG hypocrisy, given their political ambition.
They always did make more noise than their number suggests, but those who make the most noise tend to be heard - little more than three dozen unruly Tory MPs are to blame for the whole fiasco of the last four years.
Thanks to the remainers, our decision to leave the EU has been totally sabotaged. After four and a half years of giving in to the EU demands, we have arrived at a trade deal which is even worse than the withdrawal deal. We will now be subject to the whim and fancy of the EU for the foreseeable future.
By failing to support the democratic decision to leave, the remainers have plunged us into the abyss we are in now. The only deal is victory for the German-led EU.
"I've not seen any details yet"??
Hi, Ken (no relation)
I disagree. Brinkmanship (along with good negotiators on both sides) ensures that both sides get roughly 50%. If you agree too quickly then one side is getting a better deal than the other. I voted remain (not through any love of the EU institutions but persuaded that the economics would be better) but have changed my mind. Medium/long term, I think the UK will be better off
I disagree. Brinkmanship (along with good negotiators on both sides) ensures that both sides get roughly 50%. If you agree too quickly then one side is getting a better deal than the other. I voted remain (not through any love of the EU institutions but persuaded that the economics would be better) but have changed my mind. Medium/long term, I think the UK will be better off
We’ll agree to differ on brinksmanship. The economic uncertainty has wrecked our economy. Wrecked the relationship between Scotland and rUK. This before C-19.
I too voted remain again without love for European Institutions but for a feeling of being part of a greater whole. We are delusional if we think the UK is a major global power. We lost that after WW2 power rests now in the East.
I too voted remain again without love for European Institutions but for a feeling of being part of a greater whole. We are delusional if we think the UK is a major global power. We lost that after WW2 power rests now in the East.
Anyone wanna give odds on Bojo and his band of Brexiteer clowns securing a Trade deal only because they've capitulated on virtually every one of their Brexit promises and will then start repeating all their Brexit soundbites "taken back control" etc. because they've kept 1 or 2? Wait for it Brexiteers: you're about to start wailing in pain!!
Only one throwing insults around are you Brexiteers; you know its over and you're about to be very embarrassed. All Brexiteers like you have ever done is throw insults because you're incapable of putting together reasoned arguments. Lies and soundbites, nothing more before/during/after the ref. Anyway: see the deal for yourself, you'll soon start turning those insults to Bojo and his clowns.
Sterling has barely budged this month, compared to the tumble it took back in March when it became apparent that Covid was going to make a sizeable dent in our economy. Same applies to the FSTE-100 and FTSE-250.
Let's face it, a trade deal with the EU or not doesn't appear to concern the markets much at the moment. If you don't believe me, look at the graphs yourself and make your own judgement.
Let's face it, a trade deal with the EU or not doesn't appear to concern the markets much at the moment. If you don't believe me, look at the graphs yourself and make your own judgement.
The article said the FTSE 250 climbed 2% yesterday. The FTSE100 lists more international businesses so doesn’t necessarily move only due to UK economy trends. Pound has increased too- it has moved in direct relation to the news about the trade deal.
Own the result, do you know what it is yet.
Been a great year for my Stocks and Shares ISA gained 45% across the whole portfolio, Tech Funds, Future Energy and AI.
Until experts have read the small print we don't know if this is good news or bad. I suspect that Boris may get a few surprises when someone reads it for him.
Actually, I think he know exactly what's in it. He's done this deliberately so parliament has no choice to approve the deal. He'll resign in the new year, then when any problems arise he can say "Well I-I-I (ruffles hair) wasn't the errr, Prime Minister at the time of the umm implementation. I merely well um you see, ah, got Brexit done"
It would be a genuine surprise if Remainers stop complaining and accept Brexit.
Boris f...ked us over. Now people are suddenly saying any deal is better than no deal. No, it was always understood that no deal is better than a bad deal. If this deal is approved, we will pay for it for years to come. Hence the timing, because Boris and EU are hoping we’re not paying attention the day before Christmas. Shameless !!!
The markets always like good news. Only yesterday the BBC where being negative about Sterling, now they have to eat humble pie.
Thanks to the remainers, our decision to leave the EU has been totally sabotaged. After four and a half years of giving in to the EU demands, we have arrived at a trade deal which is even worse than the withdrawal deal. We will now be subject to the whim and fancy of the EU for the foreseeable future.
its beginning to feel a lot like xmas ! my share p/f has gone ballistic in the last couple of days this half day trading is my xmas present. Its a blue day for all my share holdings ! Not sure why so many remoaners even comment on here they obviously know nothing about investing & I thought the £ was going to become worthless wrong on all scores guys.
its beginning to feel a lot like xmas ! my share p/f has gone ballistic in the last couple of days this half day trading is my xmas present. Its a blue day for all my share holdings ! Not sure why so many remoaners even comment on here they obviously know nothing about investing & I thought the £ was going to become worthless wrong on all scores guys.
Actual MPs won't do it, they have "contacts" who will do it for them! Farage did it on referendum night, when he made two speeches conceding defeat (when he knew Leave was winning) so his currency speculating chums could make a killing! Bloomberg did a programme about it!??
Farage wasn't trying to inluence the vote, he was helping currency speculators make money! ??
Been a great year for my Stocks and Shares ISA gained 45% across the whole portfolio, Tech Funds, Future Energy and AI.
Thanks to the remainers, our decision to leave the EU has been totally sabotaged. After four and a half years of giving in to the EU demands, we have arrived at a trade deal which is even worse than the withdrawal deal. We will now be subject to the whim and fancy of the EU for the foreseeable future.
Rees-Mogg closed his shirt position against the pound yesterday morning and made a few hundred million in the process, so Boris could finally cave in and sign the deal. Ho ho ho!
Removed
Sorry bill - we’re going to have to agree to disagree. Remainers never believed in this project but there has been 4 years of the government using every bit of leverage the UK has to get the best deal possible and the announcement later will be the outcome. Better wasn’t possible. It’s owned by those who voted for it and delivered it.
Maybe the BBC should wait before hastily putting out stories like this, since as I post this the FT100 is flat from the rate as at close last night.
Although the more UK based index FT250 is up over 1.1%
Although the more UK based index FT250 is up over 1.1%
Would agree. Compared to earlier this year, changes in the stock market have been modest. The pound is trading at relatively low levels against the Euro.
These movements simply recognise the damage Brexit represents to UK plc (the parent company) rather than all the overseas activity of the main market constituents ( the foreign subsidiaries) surprised the main market hasn't fallen back a bit as the shine comes off the "foreign activity" bet
He has an Oxford degree in Classics. What qualifications have you got?
The stock market, the world's biggest casino. Run by people who are spooked by every rumour.
Brexit, Gammon's biggest gamble, placed by people who are scared of people 'speaking foreign' on the bus.
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Do you know what? I think capitalism would survive without that particular casino.
It has it's problems. But it provides market liquidity. An asset is absolutely valueless if it cannot be sold or exchanged. Every single job everywhere and every proactive effort is only possible through the means of accessible liquidity. Economics 101. Good luck with trading a cart of eggs for a flight. Good luck with trading a cow for a vaccine.
And when they get spooked use your common sense and put a few bob in. You'll get a damn site more than the banks will give you.
Which can make for rich pickings for those that know that.
I could sense the mood music was heading towards a deal and thanks to the new strain causing panic in markets beyond even our own it was the perfect time to pick up some bargains knowing that a bounce would arrive shortly post-deal.
I could sense the mood music was heading towards a deal and thanks to the new strain causing panic in markets beyond even our own it was the perfect time to pick up some bargains knowing that a bounce would arrive shortly post-deal.
Sterling has barely budged this month, compared to the tumble it took back in March when it became apparent that Covid was going to make a sizeable dent in our economy. Same applies to the FSTE-100 and FTSE-250.
Let's face it, a trade deal with the EU or not doesn't appear to concern the markets much at the moment. If you don't believe me, look at the graphs yourself and make your own judgement.
Let's face it, a trade deal with the EU or not doesn't appear to concern the markets much at the moment. If you don't believe me, look at the graphs yourself and make your own judgement.
its beginning to feel a lot like xmas ! my share p/f has gone ballistic in the last couple of days this half day trading is my xmas present. Its a blue day for all my share holdings ! Not sure why so many remoaners even comment on here they obviously know nothing about investing & I thought the £ was going to become worthless wrong on all scores guys.
Well done BoJo the Clown and all his Circus muppets.
A deal will now hold the pound value and hopefully secure free trade, so companies will stop closing their UK base. And next year, thanks to not having to comply with EU rules, BoJo can attract big business into the UK as employee rights will be a thing of the past.
The UK can at last be the sweatshop of Europe and the World.
A deal will now hold the pound value and hopefully secure free trade, so companies will stop closing their UK base. And next year, thanks to not having to comply with EU rules, BoJo can attract big business into the UK as employee rights will be a thing of the past.
The UK can at last be the sweatshop of Europe and the World.
From looking at many leavers comments I thought it was mandatory to start with an insult.
It was always going to boil down to a question of "who wears the trousers, and who makes the tea, in the negotiations?" Quite clearly Ursula von der Leyen has always been strutting around in at least one pair of trousers, while the best Boris has been able to deploy are those silly union jack boxers. David "Stan Laurel" Frost must have been making the tea.
its beginning to feel a lot like xmas ! my share p/f has gone ballistic in the last couple of days this half day trading is my xmas present. Its a blue day for all my share holdings ! Not sure why so many remoaners even comment on here they obviously know nothing about investing & I thought the £ was going to become worthless wrong on all scores guys.
Well done BoJo the Clown and all his Circus muppets.
A deal will now hold the pound value and hopefully secure free trade, so companies will stop closing their UK base. And next year, thanks to not having to comply with EU rules, BoJo can attract big business into the UK as employee rights will be a thing of the past.
The UK can at last be the sweatshop of Europe and the World.
A deal will now hold the pound value and hopefully secure free trade, so companies will stop closing their UK base. And next year, thanks to not having to comply with EU rules, BoJo can attract big business into the UK as employee rights will be a thing of the past.
The UK can at last be the sweatshop of Europe and the World.
The stock market, the world's biggest casino. Run by people who are spooked by every rumour.
Deal or no-deal, a molehill of EU red tape is about to be replaced by a mountain of British red, white and blue tape.
at least there will be some variation to the colour.
Maybe a British tape manufacturing firm specialising in blue and white tape colours will lead us to a golden age?
Maybe a British tape manufacturing firm specialising in blue and white tape colours will lead us to a golden age?
Why?
Certainly many of those wishing to sell to the EU, ou biggest market, will face a mountain of tape from Jan 1st.
As a foreigner, it takes nigh on 18 months to apply for and obtain French Nationality, what with all the Red Tape, and flim-flammery!!!
That's so true. Thousands of extra people have been employed to handle all the extra red tape.
Someone has to pay for all those extra salaries. For goods arriving in the UK, it'll be the consumer, paying more for their food, etc. For goods leaving the UK it'll be jobs, as firms that operate on wafer thin margins become uncompetitive and close.
Someone has to pay for all those extra salaries. For goods arriving in the UK, it'll be the consumer, paying more for their food, etc. For goods leaving the UK it'll be jobs, as firms that operate on wafer thin margins become uncompetitive and close.
Sorry bill - we’re going to have to agree to disagree. Remainers never believed in this project but there has been 4 years of the government using every bit of leverage the UK has to get the best deal possible and the announcement later will be the outcome. Better wasn’t possible. It’s owned by those who voted for it and delivered it.
Hi, Ken (no relation)
I disagree. Brinkmanship (along with good negotiators on both sides) ensures that both sides get roughly 50%. If you agree too quickly then one side is getting a better deal than the other. I voted remain (not through any love of the EU institutions but persuaded that the economics would be better) but have changed my mind. Medium/long term, I think the UK will be better off
I disagree. Brinkmanship (along with good negotiators on both sides) ensures that both sides get roughly 50%. If you agree too quickly then one side is getting a better deal than the other. I voted remain (not through any love of the EU institutions but persuaded that the economics would be better) but have changed my mind. Medium/long term, I think the UK will be better off
We’ll agree to differ on brinksmanship. The economic uncertainty has wrecked our economy. Wrecked the relationship between Scotland and rUK. This before C-19.
I too voted remain again without love for European Institutions but for a feeling of being part of a greater whole. We are delusional if we think the UK is a major global power. We lost that after WW2 power rests now in the East.
I too voted remain again without love for European Institutions but for a feeling of being part of a greater whole. We are delusional if we think the UK is a major global power. We lost that after WW2 power rests now in the East.
I have just heard from a very close friend that the ERG arent happy with the proposed deal and is certain that it will not get the votes thats needed.
It aint over yet..
It aint over yet..
Won't matter if Starmer supports the deal, which he is likely to do. Can you really see Starmer supporting the alternative of no deal?
30 rebels are not going to make a difference when Labour have indicated they will vote in favour of a deal.
If this is true then it is very worrying that they have sold us out
I just heard from a close friend that the earth is flat.
Full access to the single market, no £350 million per week fees, no free movement, no meddling in our laws and all for the cost of less fish than we were already giving away anyway. A triumph of negotiation.
We never gave £350mill a week to the EU, that was a lie on the side of the bus. We do not have full access to the single market, that's why all that red tape on customs declarations/ phyto-sanitary regulation has to be introduced. They didn't meddle in our laws, though we did have to follow regulations we had a say in drawing up. Oh, and we don't know what the deal is yet...
Brexcultist gammonflakes 22/12/20 "WTO here we come! We know what we voted for! We voted for NO DEAL all along! Suck it Remoaners".
Brexcultist gammonflakes 24/12/20 "Deal here we come! We know what we voted for! We voted for THIS DEAL all along! Suck it Remoaners". Removed
Brexcultist gammonflakes 24/12/20 "Deal here we come! We know what we voted for! We voted for THIS DEAL all along! Suck it Remoaners". Removed
How old are you? Three?
Remoaner gammonflakes 24/12/20 ; "No matter what the outcome, I am going to whinge and complain".
What is the deal then for the non-rich? You've been.......
You do realise that ALL trade deals are under pinned with WTO rates & rules, and that EU deals rely 60% on that under-pinning..... and that 50% of all EU trade is WTO based?
BBC over-reaction?- curently FTSE 100 is carry-over from yesterday - no doubt the counter to any Bexit deal is the new virulent S African variant - 2021 will at least be mostly the same restrictions as 2020
Sterling has barely budged this month, compared to the tumble it took back in March when it became apparent that Covid was going to make a sizeable dent in our economy. Same applies to the FSTE-100 and FTSE-250.
Let's face it, a trade deal with the EU or not doesn't appear to concern the markets much at the moment. If you don't believe me, look at the graphs yourself and make your own judgement.
Let's face it, a trade deal with the EU or not doesn't appear to concern the markets much at the moment. If you don't believe me, look at the graphs yourself and make your own judgement.
its beginning to feel a lot like xmas ! my share p/f has gone ballistic in the last couple of days this half day trading is my xmas present. Its a blue day for all my share holdings ! Not sure why so many remoaners even comment on here they obviously know nothing about investing & I thought the £ was going to become worthless wrong on all scores guys.
Depends what is in the small print.
its beginning to feel a lot like xmas ! my share p/f has gone ballistic in the last couple of days this half day trading is my xmas present. Its a blue day for all my share holdings ! Not sure why so many remoaners even comment on here they obviously know nothing about investing & I thought the £ was going to become worthless wrong on all scores guys.
It seems that it's not a deal. It's a 5 year extension to the "Transition Period". Spinning Boris, Next an ERG "Rubble in the Jungle"!!!
Thanks to the remainers, our decision to leave the EU has been totally sabotaged. After four and a half years of giving in to the EU demands, we have arrived at a trade deal which is even worse than the withdrawal deal. We will now be subject to the whim and fancy of the EU for the foreseeable future.
Mr Spock, the trend now looks as if it is going up, but slowly. At the start of this COVID 19 event, the markets dropped a lot. Then when Mr Biden won a certain election, all markets went back up. But with Tier 4 and 2 new stains announced, down we all went. Now markets are trying to climb back up again.
Rees-Mogg closed his shirt position against the pound yesterday morning and made a few hundred million in the process, so Boris could finally cave in and sign the deal. Ho ho ho!
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Looks like mummy left the computer on again.
They do not want people to profit by destroying peoples lives and jobs.
What many want is wealth created by innovation & quality of products and services not by asset stripping.
What many want is wealth created by innovation & quality of products and services not by asset stripping.
No it will go to a cheaper European or Asian company...
It will be more all paid for by us the plebs.
was'nt there a US university research group who went into a city bar at lunch time and said "brazillian coffee crop could be affected by disease " and within 15 mins coffee prices spiked 5%?
The city is a casino and always reacts to any news
The city is a casino and always reacts to any news
If you have a pension fund, you will very likely be invested in it.
Seems as if the stock market is going up and down, faster than a Yoyo. FTSE 100 down by 1.89, but the much better FTSE 250 is up by 233.35.
And as a Remain voter, I do have shares. One is performing very well. Book Cost is Zero, profit - 16,450,000 Euros. Oil is such a good option. I'm very happy this Christmas!
And as a Remain voter, I do have shares. One is performing very well. Book Cost is Zero, profit - 16,450,000 Euros. Oil is such a good option. I'm very happy this Christmas!
FTSE100 crashed when UK voted to leave, it collapsed when no deal was most likely - now we have a deal it - remains flat - got to hand it to the London spivs and hedge funds