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THE DEATH OF THE POUND IS IMMINENT

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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Tim Drayton » Thu Mar 16, 2017 2:27 pm

I have a strong hunch that the recent spat between the Netherlands and Turkey was all orchestrated to help keep the fascists at bay, and it seems to have worked.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Robin Hood » Thu Mar 16, 2017 4:16 pm

Tim Drayton wrote:I have a strong hunch that the recent spat between the Netherlands and Turkey was all orchestrated to help keep the fascists at bay, and it seems to have worked.


Do you know what? I think you could well have a point there! But using the fear factor, surely the riots in Nederlands would have helped Wilders not the PM's party, which seems not to be the case although Wilders did gain several seats? :x

Had it been the other way round .......... they would have blamed Putin's interference? :lol:
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby supporttheunderdog » Thu Mar 16, 2017 4:58 pm

At about 11.50 one site (XE) had the pound at 1.14366 and at 1220 it was 1.15286, quite a climb in that time. As at 1425 it had fallen back slightly too 1.15039 (all time UTC).

Just wonder if someone is cashing in on the A50 news.

I make no prediction this rise will be sustained, rather I suspect that buy and large the UK economy will be in for a rough ride and the pound could fall. Such a fall may make British goods superficially attractive on price, in the short term, but bearing in mind that what British industry there is depends to a large extent on imported raw materials, they will be paying more to make and sell the same, so process must rise, and there is no certainty that the London based financial service sector will not at least in part decamp to EU, rather a likelihood at least some of it will.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Thu Mar 16, 2017 11:32 pm

Fluctuations occur minute by minute, interesting to see that following the Duch elections the euro has strengthend against both us dollar and sterling. I can not see sterling recovering to pre Brexit levels and dare I say times ahead will be troublesome for the pound. Worldwide markets have given Brexit the thumbs down.
The end of of this month will reveal how much lower sterling will sink to.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Londonrake » Thu Mar 16, 2017 11:46 pm

miltiades wrote:Fluctuations occur minute by minute, interesting to see that following the Duch elections the euro has strengthen against both us dollar and sterling. I can not see sterling recovering to pre Brexit levels and dare I say times ahead will be troublesome for the pound. Worldwide markets have given Brexit the thumbs down.
The end of of this month will reveal how much lower sterling will sink to.


Try thinking end of decade.

Pre-Brexit was fantasy land. Those people in "the know" were convinced it would be a remain vote and saw the opportunity for a quick, big profit. They were wrong - and got badly burnt. At that point the £ was considered the most overvalued currency on the planet by the likes of the IMF, et al.

Everything about the UK economy since June 23rd has confounded the prophets of doom and proven Project Fear for what it was.

Currency fluctuations have in no way been a reflection of real economics. To use it as a measuring stick is myopia in the extreme.

And yes, sorry, but you keep hitting the nail on the head. We are getting our country back.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Fri Mar 17, 2017 8:46 am

Londonrake wrote:
miltiades wrote:Fluctuations occur minute by minute, interesting to see that following the Duch elections the euro has strengthen against both us dollar and sterling. I can not see sterling recovering to pre Brexit levels and dare I say times ahead will be troublesome for the pound. Worldwide markets have given Brexit the thumbs down.
The end of of this month will reveal how much lower sterling will sink to.


Try thinking end of decade.

Pre-Brexit was fantasy land. Those people in "the know" were convinced it would be a remain vote and saw the opportunity for a quick, big profit. They were wrong - and got badly burnt. At that point the £ was considered the most overvalued currency on the planet by the likes of the IMF, et al.

Everything about the UK economy since June 23rd has confounded the prophets of doom and proven Project Fear for what it was.

Currency fluctuations have in no way been a reflection of real economics. To use it as a measuring stick is myopia in the extreme.

And yes, sorry, but you keep hitting the nail on the head. We are getting our country back.

Getting our....country back :lol:
I was under the impression that UK conformity with EU regulations had to be approved by our parliament, we have always had our country, so what exactly are we taking back now ?
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Robin Hood » Fri Mar 17, 2017 9:14 am

Toyota obviously has more faith in the UK’s future than many of the members on here! :roll:
Toyota to invest 240 million pounds to upgrade UK car plant for future output

http://uk.reuters.com/article/uk-britain-eu-toyota-idUKKBN16N16T


Trump, the other day was saying the US will become the car production capital of the World and that car companies that do not have manufacturing facilities in the US for their products will be made to pay for it. Presumably tariffs on cars made overseas ? Much of the car production in Europe especially the luxury brands are exported to the US. :o

I am not sure what the implications for European car plants will be if he imposes tariffs to make imported models more expensive than home made models. :x

Milti: You still don’t get it! The fluctuation in currency values is down to the fickle choices of currency traders/speculators and nothing else ......... it is not an indication of the health of any economy. The UK’s economy by most indicators looks healthier than most in Europe, but the speculators still target the Pound ....... I have no idea why!

Maybe they are all ‘remoaners’ getting their own back? :lol: :lol:
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Fri Mar 17, 2017 9:24 am

Robin, you have ignored this proviso concerning Toyota investment in the UK.
" Japanese carmaker Toyota (7203.T) said it plans to invest 240 million pounds to upgrade its car plant in central England for future output, but retaining tariff-free access to EU markets after Brexit remained crucial "

Currency strength or weakness is of vital importance to any nation. Your pension for instance has been greatly devalued, so you are out of pocket and so are millions of Brits living overseas.
You must accept that the fall of sterling is wholly attributed to Brexit.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Robin Hood » Fri Mar 17, 2017 10:51 am

miltiades wrote:Robin, you have ignored this proviso concerning Toyota investment in the UK.
" Japanese carmaker Toyota (7203.T) said it plans to invest 240 million pounds to upgrade its car plant in central England for future output, but retaining tariff-free access to EU markets after Brexit remained crucial "

Currency strength or weakness is of vital importance to any nation. Your pension for instance has been greatly devalued, so you are out of pocket and so are millions of Brits living overseas.
You must accept that the fall of sterling is wholly attributed to Brexit.


I have to admit I didn't read the article. :oops:

But whatever ......... if the value of the Pound was a true indication of the UK's economic condition ........ even this news, with its conditions, would cause a rise in confidence and a rise in value! It didn't .... the Pound went down. Speculators need an excuse, a reason, a pretext to play their games and anything will do. Brexit is nothing more than an excuse, we have know it is going to happen for months, so why should it have an effect now? Surely all the speculation about what might happen was available about eight months ago and much of it has not come to fruition. All that should affect the value of the Pound is bad results on the UK economy and this does not appear to be happening..... so it is all wild guesses by speculators ....not real world events that cause the fluctuations. It is NOT '...... wholly attributed to Brexit' but wholly attributable to speculators. :wink:

Yes my pension has gone down but I am fortunate I own my property, have no debts , the cost of living is generaly low and we don't live an expensive lifestyle. So, we manage to live reasonably comfortably within the limits set by our income. Now .... if we were in the UK ..... that would be a different story altogether. :roll:
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby tsukoui » Fri Mar 17, 2017 5:51 pm

I must apologise for using your name, GR, Pyro, RW, all of us want to see the British people flourish, the crown is not painful to wear, it is money that is fuelling the unrest, you too must learn to tell the difference between Pan and Apollo, I am not asking you to judge :cry:
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