The economic consequences of Brexit (Vol 2)

[CaptainSlow]

jjlynn27 said:

Yes, as another moron was posting few months ago; 'you can almost smell the fear'. Both countries denying reports. As for the pound, wasn't the pound overvalued and the drop was good for exporters?

Then again, self described as captainSlow and 'engineer' at work.

Not sure you get the user name but not surprised.

I guess we'll have to wait and see how the EU position changes but you'll never admit being wrong...maybe another case of "incorrect assumptions " ...laughable.

[anonymous-user]

Deutsche bank rolls back on prediction of moving thousands of jobs out of London post Brexit. https://news.sky.com/story/deutsche-bank-says-hund...

On currencies today the £ went through the 1.39 mark hitting a high of 1.3942 to the $

[alfie2244]

jsf said:

Deutsche bank rolls back on prediction of moving thousands of jobs out of London post Brexit. https://news.sky.com/story/deutsche-bank-says-hund...

On currencies today the £ went through the 1.39 mark hitting a high of 1.3942 to the $

That will please slasher.........anyone seen him?

[don'tbesilly]

jsf said:

Deutsche bank rolls back on prediction of moving thousands of jobs out of London post Brexit. https://news.sky.com/story/deutsche-bank-says-hund...

On currencies today the £ went through the 1.39 mark hitting a high of 1.3942 to the $

If it goes much higher the Remainers will be complaining about the impact on exports. The fault will lay with Leave voters and we should take responsibility for it and own it.

[anonymous-user]

jsf said:

On currencies today the £ went through the 1.39 mark hitting a high of 1.3942 to the $

This is getting confusing, apparently it was good when the £ lost value after the referendum, now it is good that the £ is increasing in value.

Can we have it both ways or is it just Brexit BS?

[IroningMan]

Eighteen months ago we were supposed to be cheering the falling £ because it made exporting easier - now we're supposed to be cheering the rising £ because?

[sidicks]

Ghibli said:

This is getting confusing, apparently it was good when the £ lost value after the referendum, now it is good that the £ is increasing in value.

Can we have it both ways or is it just Brexit BS?

There are positives and negatives for a high value of sterling.

It was many of the Remainers that were previously so dismayed by the adverse impact of the fall in the pound. Funnily enough they haven't been cheered up by this reversal!

[anonymous-user]

sidicks said:

There are positives and negatives for a high value of sterling.

It was many of the Remainers that were previously so dismayed by the adverse impact of the fall in the pound. Funnily enough they haven't been cheered up by this reversal!

I'm sure it was leave voters championing the fall of the £

[sidicks]

Ghibli said:

sidicks said:

There are positives and negatives for a high value of sterling.

It was many of the Remainers that were previously so dismayed by the adverse impact of the fall in the pound. Funnily enough they haven't been cheered up by this reversal!

I'm sure it was leave voters championing the fall of the £

As above. A low £ has advantages for exporters.

[anonymous-user]

alfie2244 said:

jsf said:

Deutsche bank rolls back on prediction of moving thousands of jobs out of London post Brexit. https://news.sky.com/story/deutsche-bank-says-hund...

On currencies today the £ went through the 1.39 mark hitting a high of 1.3942 to the $

That will please slasher.........anyone seen him?

Nope, but this was his response to my suggestion back in October the £ would hit 1.40 against the dollar if May starts to get a grip.

///ajd said:

jsf said:

The cockup of May calling a snap election and screwing that up has buggered the £ also, it would be back up over 1.40 had the idiot not done that, but there we are, if she can start to get a grip then it will start to recover further.

1.40? You can't be serious.

I don't understand this brexit currency devaluation denial.

[anonymous-user]

sidicks said:

As above. A low £ has advantages for exporters.

I know how it works. I also know it was bad for the public but I guess it's the will of the people and nothing to do with project fear.

[sidicks]

Ghibli said:

I know how it works.

And yet you seemed to be struggling to understand it when you asked the questions above.

Ghibli said:

I also know it was bad for the public but I guess it's the will of the people and nothing to do with project fear.

No, there are advantages and disadvantages for different people (as explained above). Pretending the opposite is disingenuous.

Regardless, if you think that a lower GBP value is all negative, then you must be pleased with the continuing recovery of the pound?

[anonymous-user]

sidicks said:

No, there are advantages and disadvantages for different people (as explained above). Pretending the opposite is disingenuous.

Ok, what advantage has it had for the average UK public?

[anonymous-user]

Ghibli said:

jsf said:

On currencies today the £ went through the 1.39 mark hitting a high of 1.3942 to the $

This is getting confusing, apparently it was good when the £ lost value after the referendum, now it is good that the £ is increasing in value.

Can we have it both ways or is it just Brexit BS?

There is no fixed best value, its swings and roundabouts. The advantage we have over a lot of EU countries is we do have the tools to manipulate our currency when we need to, southern Europe would love to be able to do that now.

Its interesting listening to the voices at the ECB, they are starting to get worried about the Euro being too expensive against the $, but they have nowhere to go because their rates are already rock bottom and there is no sign of inflation. Euro lost nearly 1% today against the £ as jitters are starting again re the German coalition hitting the skids. Big vote on this on Sunday to see if the SPD can get it agreed through their membership.

Its also going to be interesting to watch what happens with Ireland, they are pushing for a seat at the ECB when Drahgi steps down (the only Eurozone country to never have a man on the board) and we are starting to see the effects of Trumps recent tax changes, Apple just moved $38 billion out of Ireland back to the USA under his offshore tax amnesty rule, that's just the start of it IMHO.

[Robertj21a]

Where have all the posts for Monday, Tuesday and most of today gone ?

[alfie2244]

Robertj21a said:

Where have all the posts for Monday, Tuesday and most of today gone ?

[jjlynn27]

So, we had JCB creating 800 (mostly agency, 0 hours jobs). That was, obviously, a result of the Brexit vote.

26 Jul '16

Carillion wary over Brexit impact

https://www.ft.com/content/3e49c2ec-9c4b-3d29-a74b...

As for £/$, it's like the bestest thing ever, almost as good as when it was going the other way. It's almost magical.
Q for sidicks, since you are signing hundreds of millions of € deals, hows the £ doing vs € and is that bad, good or brexit good position?

[dandarez]

alfie2244 said:

jsf said:

Deutsche bank rolls back on prediction of moving thousands of jobs out of London post Brexit. https://news.sky.com/story/deutsche-bank-says-hund...

On currencies today the £ went through the 1.39 mark hitting a high of 1.3942 to the $

That will please slasher.........anyone seen him?

He's probably in Germany telling them they're wrong and to listen to him
'Gott in himmel, I am ze Slasher, pleez lizzen to me!'

Here you are Slasher, this should make your skin crawl.
Me? Love it, (not alone either judging by numbers who thumbed up!)
idea from Cowley, sanctioned by Germany!

[sidicks]

jjlynn27 said:

So, we had JCB creating 800 (mostly agency, 0 hours jobs). That was, obviously, a result of the Brexit vote.

26 Jul '16

Carillion wary over Brexit impact

https://www.ft.com/content/3e49c2ec-9c4b-3d29-a74b...

As for £/$, it's like the bestest thing ever, almost as good as when it was going the other way. It's almost magical.
Q for sidicks, since you are signing hundreds of millions of € deals, hows the £ doing vs € and is that bad, good or brexit good position?

My clients are using currency forwards to hedge overseas investments. They are therefore protected from rises in £ v €, but don't gain from falls in £ v €.

[dandarez]

sidicks said:

jjlynn27 said:

So, we had JCB creating 800 (mostly agency, 0 hours jobs). That was, obviously, a result of the Brexit vote.

26 Jul '16

Carillion wary over Brexit impact

https://www.ft.com/content/3e49c2ec-9c4b-3d29-a74b...

As for £/$, it's like the bestest thing ever, almost as good as when it was going the other way. It's almost magical.
Q for sidicks, since you are signing hundreds of millions of € deals, hows the £ doing vs € and is that bad, good or brexit good position?

My clients are using currency forwards to hedge overseas investments. They are therefore protected from rises in £ v €, but don't gain from falls in £ v €.