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The Pound takes a hammering ..... again!

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Re: The Pound takes a hammering ..... again!

Postby Tim Drayton » Fri Oct 21, 2016 2:39 pm

Paphitis wrote:BTW, Theresa may has briefed EU Leaders that Britain will trigger article 50 by March next year at the EU Summit.


BTW, that's hardly hot news for most of us since she announced the same at the Conservative party conference 19 days ago!
http://www.bbc.com/news/uk-politics-37532364
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Re: The Pound takes a hammering ..... again!

Postby Tim Drayton » Fri Oct 21, 2016 2:40 pm

Paphitis wrote:BTW, Theresa may has briefed EU Leaders that Britain will trigger article 50 by March next year at the EU Summit.


BTW, that's hardly hot news for most of us since she announced the same at the Conservative party conference 19 days ago!
http://www.bbc.com/news/uk-politics-37532364
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Re: The Pound takes a hammering ..... again!

Postby Tim Drayton » Fri Oct 21, 2016 3:02 pm

Sorry about all the repeat posts, but the system appeared to be rejecting it each time I tried to put it up.
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Re: The Pound takes a hammering ..... again!

Postby Tim Drayton » Fri Oct 21, 2016 3:03 pm

I think it just heard that can go clanking a bit further up the road:

Britain may miss the previously expected March 2019 deadline for leaving the European Union, the Prime Minister has suggested.

In the House of Commons this morning Theresa May said negotiations could take more than two years – the length of time prescribed under the EU’s Article 50.
The PM has pledged to trigger Article 50 by the end of March 2017, which would have taken Britain out of the EU by March 2019 under treaty provisions.


http://www.independent.co.uk/news/uk/po ... 69466.html
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Re: The Pound takes a hammering ..... again!

Postby Maximus » Fri Oct 21, 2016 3:07 pm

Paphitis wrote:seriously. probably the strongest EU economy going and they need to change their fundamentals.

I think you should change the fundamentals (thinking) of your brain.


Wake up Jimmy. Wake up.
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Re: The Pound takes a hammering ..... again!

Postby Tim Drayton » Fri Oct 21, 2016 3:09 pm

Never mind all you foreigner haters out there. Cheer up. There was discussion on this morning's BBC Today radio news programme that the government, in its endeavour to appease the racists contingent among those who voted leave, it is planning to restrict the number of foreign students coming to the UK. Never mind that the UK earns 2.3 billion pounds a year from foreign students. What's next? Banning foreign tourists?
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Re: The Pound takes a hammering ..... again!

Postby repulsewarrior » Fri Oct 21, 2016 3:34 pm

...there will be a test, for "Britishness", perhaps, if you are not "British", but European, they will still let you in.
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Re: The Pound takes a hammering ..... again!

Postby miltiades » Thu Nov 03, 2016 3:30 pm

Some excellent news folks.

" Brexit court defeat for UK government"

Parliament must vote on whether the UK can start the process of leaving the EU, the High Court has ruled.
This means the government cannot trigger Article 50 of the Lisbon Treaty - beginning formal exit negotiations with the EU - on its own."

Sterling surged ahead on the news gaining almost 2 cents against the Euro and 1.5 cents against the dollar.

Parliament must now debate and vote prior to triggering A.50
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Re: The Pound takes a hammering ..... again!

Postby Tim Drayton » Thu Nov 03, 2016 3:51 pm

The commentators on this morning's BBC Today programme said that whichever way the court ruled today, it was bound to go to appeal, and that's what appears to be happening. Even so, it was good to hear the court today affirm that the UK is a parliamentary democracy.
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Re: The Pound takes a hammering ..... again!

Postby miltiades » Thu Nov 03, 2016 3:58 pm

Tim Drayton wrote:The commentators on this morning's BBC Today programme said that whichever way the court ruled today, it was bound to go to appeal, and that's what appears to be happening. Even so, it was good to hear the court today affirm that the UK is a parliamentary democracy.

Indeed Tim, the appeal was on the cards regardless of the courts decision.
I very much doubt if the appeals court overturns the decision.
It looks as if Brexit is a long long way away.
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