Election 2019

[2 sMoKiN bArReLs]

Steve vRS said:

chrispmartha said:

It’s like a parody site sometimes on here :-)

I take everything in this particular sub forum with a huge pinch of salt.

Me too....but I can't stop reading it!

[AJL308]

Dr Jekyll said:

Keoparakolo said:

crankedup said:

Form an orderly digital queue, I reckon plenty of people will be having a very late night watching the results coming in, keyboard at the ready.

Of course they will. Everyone happens to have a Swiss bank account set up ready and waiting

[/b]Even without offshore accounts it could be a good move to turn shares into cash if it looks like Corbyn is heading for number 10.[/b]

If you ca find a buyer of course.

On that note, I have a few Sirius Minerals shares which, as many will know have absolutely tanked of late. The reason is that the bonds they were trying to sell a few months back to raise capital to finish the mine weren't taken up. I mentioned to someone the other day that perhaps that was the case because those prospective bond holders - and the banks who were going to release another couple of billion upon a successful bond issue - were reluctant to have a company indebted to them which would would be a jewel in the Crown of St Jeremy's newly nationalised empire. I mean, a mine....not only a mine but the biggest fking mining project in a century or more. It's the hard-left's ultimate wk fantasy and it would have been at the top of the list for JC's state sponsored theft.

Be interesting to see what they do tomorrow.

[ChocolateFrog]

Just voted. Was fairly busy and the ballot box was overflowing. Wouldn't be surprised if it's a high turnout despite the weather.

[MadMullah]

rxe said:

Most people with a bit of cash have foreign accounts as part of a diversified investment strategy. About 45% of my “liquid” assets are in USD, in US accounts. If there is a sniff of Corbyn being PM, that will be 65% by 10 AM tomorrow. I’ll still have to pay tax on it, but Corbyn’s ability to devalue it will be limited.

I knew my Pakistani bank account would come in handy one day...

this time tomorrow rodney we'll be millionaires... in Pakistan

[Halb]

Steve vRS said:

I take everything in this particular sub forum with a huge pinch of salt.

I'm moving my pinches of salt to Switzerland, just in case.

[djc206]

ChocolateFrog said:

Just voted. Was fairly busy and the ballot box was overflowing. Wouldn't be surprised if it's a high turnout despite the weather.

Ours was quiet at 4 when I went but the ballot box was pretty full. Good to see.

[Mr_Megalomaniac]

GBP still crashing.

Whilst I do have other currency accounts - I have a mortgage and career here so picking up and leaving isn't so straightforward.
Recommendations perhaps, Austria? Germany?

[bloomen]

Steve vRS said:

I take everything in this particular sub forum with a huge pinch of salt.

I have the entire family rigged with dynamite. If the result is looking dicey then bye bye to all of them.

[The Hypno-Toad]

There are a lot of people on this site who own pretty expensive Porsche’s and McLaren’s. There are also a few people on here who drive/own massively valuable cars and have very impressive car collections indeed. If you were to ask me how many people on here have offshore accounts I would put it at some where between 5% - 10%.

Will those people be sitting up all night by their computers waiting to press a button in case Corbyn wins? I would say doubtful as most people who have made lots of money are very careful about keeping it so will have had plans in place since the day the election was called.

It’s the rest of us who are doing our best to get by but will be dropped into the pooh if Stalinist bd gets in.

[Halb]

bloomen said:

I have the entire family rigged with dynamite. If the result is looking dicey then bye bye to all of them.

best chuckle thus far

[Helicopter123]

Mr_Megalomaniac said:

GBP still crashing.

Whilst I do have other currency accounts - I have a mortgage and career here so picking up and leaving isn't so straightforward.
Recommendations perhaps, Austria? Germany?

No it isn't.

If there was a sniff of Corbyn getting in we would below USD1.30 by now.

Turnout the unknown factor at this stage but no sense of panic from the FX markets which bodes well for a Boris majority.

[bitchstewie]

Mr_Megalomaniac said:

GBP still crashing.

No it is not

[soxboy]

I note from Oddschecker that the odds on a Conservative majority are drifting and for no overall majority are shortening. Could be interesting.

Sadly I don't think I can move an overdraft offshore....

[Mr_Megalomaniac]

Helicopter123 said:

No it isn't.

If there was a sniff of Corbyn getting in we would below USD1.30 by now.

Turnout the unknown factor at this stage but no sense of panic from the FX markets which bodes well for a Boris majority.

Fair enough on the levels - I'm only looking at today for now on 30min ticks but we're down 0.76% just on the uncertainty alone.

[Zirconia]

Tory ads coming in on google. I tried "how should I vote" and a tory ad, first pick. second go ad no longer there.
Then tactical voting and and ad for cost of corbyn.
Type in Boris Johnson, Tory ad again first pick.
Cummings using the last of the petty cash?

[turbobloke]

Analysis from the investment banking unit of Westpac
-odds of a clear-cut Conservative majority of some 60-100 seats stands at 10%
-odds of a 20-40 seat Conservative majority is seen at a 40% probability.
Under the first scenario, the GBP/USD exchange rate is forecast to rise between 5 and 7%. Under the second scenario the exchange rate is forecast to rise between 2 and 4%.

Robert Howard options analyst at Thomson Reuters said:

GBP/USD could test its 2019 high of 1.3380 and GBP/EUR leap to 1.20 if the exit poll after UK voting ends around 22:00GMT suggests the Tories have won a Commons majority. That would keep Boris Johnson in 10 Downing Street and allow him to lead Britain out of the European Union. GBP/USD might even get to 1.35 if the exit poll tips a Tory majority much larger than the 24 to 38 seats recently forecast by Focaldata, YouGov and Datapraxis.

-odds of a slim and vulnerable Conservative majority of less than 15 seats are put at a 20% possibility...under such a scenario Westpac are forecasting GBP/USD to fall 2%
-odds of a hung Parliament where the Conservative are the largest party but Labour lead a coalition government are assessed at 15%. This scenario could see the GBP/USD exchange rate fall between 3 and 5% according to Westpac.

https://www.poundsterlinglive.com/gbp-live-today/1...

[funkyrobot]

For some reason, we have had a spate of Conservative signs placed outside polling stations in my local area.

[anonymous-user]

Tuna said:

I thought you had lots of successful business friends, and knew lots of people with international experience?

Don't tell me that was a lie too?

I do, and funnily enough most of those financial experts are of the opinion that the £GBP has been chronically undervalued for a while now. The only thing that is likely to send it into a further slide is talk of a no-deal Brexit, ironically something only the Tory hardliners seem to want?

So move money into Euro or USD accounts by all means, paying nicely for the privilege to convert it, but then don't come crying when the £GBP eventually rallies, and rally it will - particularly so if we somehow cancel Brexit, or move back to a deal that aligns us closer with the EU.

It has become pretty clear that people who are proposing moving money abroad tonight right are as clueless as they are sensationalist.

[Sargeant Orange]

Huge turnouts around my local area in the south west. The brexit party vote is going to split the Cons vote badly.

Get your trousers down & your wallets out lads, there's a Corbyn alliance coming over that hill

[Smollet]

My Nigerian mate has gone very quiet. So much for the $16m he promised me.