Hard Brexit or Hard Brexit

[Rum]

The pound has had a great day except for the Brits.

XE Currency Charts: GBP to EUR

I'm no great patriot and subscribe in the main to patriotism being the last refuge of the scoundrel. Having said that having lived and travelled in quite a few countries it is a pretty decent place to live all in all.

However I am puzzled as to why to seem to take every opportunity you can to bash this green and pleasant land.

[Hermit]

The pound has had a great day except for the Brits.

XE Currency Charts: GBP to EUR

I'm no great patriot and subscribe in the main to patriotism being the last refuge of the scoundrel. Having said that having lived and travelled in quite a few countries it is a pretty decent place to live all in all.

However I am puzzled as to why to seem to take every opportunity you can to bash this green and pleasant land.

If you check the context and history of Scot Dutchy's bashing you'll find that his ire is focused on the brexiters among your lot.

[pErvinalia]

The pound has had a great day except for the Brits.

XE Currency Charts: GBP to EUR

I'm no great patriot and subscribe in the main to patriotism being the last refuge of the scoundrel. Having said that having lived and travelled in quite a few countries it is a pretty decent place to live all in all.

However I am puzzled as to why to seem to take every opportunity you can to bash this green and pleasant land.

He hates everything, except the Netherregions.

[mistermack]

The recent currency market movements are not really of a weak pound, but a strong Euro.

The pound has been doing well against the dollar and other world currencies, but the Euro has been on a steady rise against virtually all currencies.

And it's not necessarily Brexit that has put a brake on Sterling, so much as the last election result.
The prospect of a Labour government let by Corbyn is enough to put a drag on any currency.

Of course, the bank of England can't mention that.

[Hermit]

And it's not necessarily Brexit that has put a brake on Sterling, so much as the last election result.
The prospect of a Labour government let by Corbyn is enough to put a drag on any currency.

Of course, the bank of England can't mention that.

In the two weeks from the brexit referendum the pound dropped from 1.31 to 1.16 euros. In the two weeks from the election the pound dropped from 1.19 to 1.18 euros.

Now looking at the US dollar: In the two weeks from the referendum the pound dropped from 1.48 to 1.29 dollars. In the two weeks from the election the pound rose from 1.28 to 1.29 dollars.

But don't let facts stop you from bullshitting.

[Scot Dutchy]

The pound has had a great day except for the Brits.

XE Currency Charts: GBP to EUR

I'm no great patriot and subscribe in the main to patriotism being the last refuge of the scoundrel. Having said that having lived and travelled in quite a few countries it is a pretty decent place to live all in all.

However I am puzzled as to why to seem to take every opportunity you can to bash this green and pleasant land.

He hates everything, except the Netherregions.

Yeah of course.
I tend to judge countries by how they treat ALL of their inhabitants. Brexit is not about all the people although it affects all the people it is a small minority that will profit from Brexit. It is not going to improve things as NHS, education and social care. I was brought up in Britain but suffered social intolerance and discrimination not for being black, asian or even Irish which I was none of these but for simply being working class in the 1950's and 60's. Edinburgh was an extremely class conscious society. To come here was as if I had discovered a social paradise. People actually cared for people. The government listened to its people. The political system was a fair one. No dominant right wing parties. The VVD did not exist then. There were many parties. Things have changed but still as a country it is still a good place. Education, health and social services are all first class. I have used some to much for my liking but your health can be a bit of a problem sometimes and I am glad that I can use the Dutch system.
Another thing I like here is the infrastructure system locally, nationally and internationally. I am glad I dont need a car. I hated driving and love trains. We can travel to southern Spain and Portugal and all the way to St. Petersburg and Moscow. All in high speed trains.
In the 50 years I have been here I have never regretted the move and had no longing to return. I managed to get my Dutch citizenship quite early at a time when dual nationality was possible.
So that's it.

[mistermack]

And it's not necessarily Brexit that has put a brake on Sterling, so much as the last election result.
The prospect of a Labour government let by Corbyn is enough to put a drag on any currency.

Of course, the bank of England can't mention that.

In the two weeks from the brexit referendum the pound dropped from 1.31 to 1.16 euros. In the two weeks from the election the pound dropped from 1.19 to 1.18 euros.

Now looking at the US dollar: In the two weeks from the referendum the pound dropped from 1.48 to 1.29 dollars. In the two weeks from the election the pound rose from 1.28 to 1.29 dollars.

But don't let facts stop you from bullshitting.

And what is so magic about the two week period? It's magic to you, obviously, when selecting the numbers you want. It means a lot less to people who actually know what the markets are about.
It would require a particular sort of dumb cunt to base your buying and selling on the two week period.
You should give it a try.

[Hermit]

And it's not necessarily Brexit that has put a brake on Sterling, so much as the last election result.
The prospect of a Labour government let by Corbyn is enough to put a drag on any currency.

Of course, the bank of England can't mention that.

In the two weeks from the brexit referendum the pound dropped from 1.31 to 1.16 euros. In the two weeks from the election the pound dropped from 1.19 to 1.18 euros.

Now looking at the US dollar: In the two weeks from the referendum the pound dropped from 1.48 to 1.29 dollars. In the two weeks from the election the pound rose from 1.28 to 1.29 dollars.

But don't let facts stop you from bullshitting.

And what is so magic about the two week period?

Nothing at all. It just proved your assertion wrong. The pound did not tank after the election, but it did take a dive after the referendum. In other words, the alleged Corbyn factor did not worry the world of finance. Brexit did, though.

[mistermack]

You're just demonstrating your ignorance of markets. Adding to a large repertoire.

The pound rose strongly, in the weeks before the Brexit vote, on speculation and opinion poll results that indicated an in vote. It dropped back, immediately after. You are ignoring the rise, and selecting the fall.
I don't know who you think you are impressing with this bollocks.

[Hermit]

The pound rose strongly, in the weeks before the Brexit vote, on speculation and opinion poll results that indicated an in vote. It dropped back, immediately after.

Thanks for confirming that the the result of the brexit referendum caused a dive of the pound. Contrary to your assertion there was no dive after the the election that followed it, but I see that facts don't bother you.

[mistermack]

The pound rose strongly, in the weeks before the Brexit vote, on speculation and opinion poll results that indicated an in vote. It dropped back, immediately after.

Thanks for confirming that the the result of the brexit referendum caused a dive of the pound. Contrary to your assertion there was no dive after the the election that followed it, but I see that facts don't bother you.

So your understanding of markets is based on the two weeks after any event?
You'd be better off playing slot machines.
Things are a little more complicated in the real world.

In any case, my post was about the RECENT financial markets, and you have to go back over a year to find a two-week market period to try to rubbish it.
Just shows how desperate you are to try to score points. And how sad and silly you end up looking.

[Rum]

There is no absolute measure to these things. All currencies go up and down relative to each other of course. The fact is however that many goods have become more expensive here in the UK since the referendum. This is despite still being in the EU (but out of the Euro currency). Unless we get a decent trade deal upon departure in 2019 the odds are that prices will rise further - certainly on goods from Europe. The overall impact on the standard of living here is very likely to be negative - possibly markedly so. The outcome of the vote was a terrible mistake but of course events will move on and nobody will get the blame.

[mistermack]

There's more to Brexit than just prices in shops.
Plenty of what we buy comes from UK sources, and the value of the pound doesn't affect it.
Lot's of other stuff is non-essential goods, which people can do without.
There are far poorer countries in the world than the UK, and they live in reasonable comfort.

I now think it's well worth it, if there is some kind of price to pay. To be out from under the control of Europe and the European court is something that is worth paying for.
What we need now is to make sure that our politicians don't give away a single bit of the control that an independent country enjoys, and which was the whole point of leaving.

"Hard Brexit" is the only Brexit worth having.

[Rum]

Ah the jingoistic tactic. Well there's no accounting.

[Scot Dutchy]

There's more to Brexit than just prices in shops.
Plenty of what we buy comes from UK sources, and the value of the pound doesn't affect it.
Lot's of other stuff is non-essential goods, which people can do without.
There are far poorer countries in the world than the UK, and they live in reasonable comfort.

I now think it's well worth it, if there is some kind of price to pay. To be out from under the control of Europe and the European court is something that is worth paying for.
What we need now is to make sure that our politicians don't give away a single bit of the control that an independent country enjoys, and which was the whole point of leaving.

"Hard Brexit" is the only Brexit worth having.

Do you really believe this? If you do you have my sympathy. If you really think it is going to be that easy please lie down in a quiet room and call a doctor.
I dont think you have thought this through. Have you any idea what a hard Brexit will mean to the UK? Anything?

It is amazing in this day and age that people think this way. If you were or maybe you are one of the 1% in the UK i might believe you. Otherwise start thinking and reading.