Current Affairs EU In or Out

[Foot Long Hot Dog]

Because of short-term uncertainty?

No. That was the cause of the initial fall post the vote

May's speech this week has seemingly provided some certainty around our exit from the EU. We're going to sacrifice access to the single market in order to close the door on Johnny Foreigner. The currency markets are now reacting to that news.

 

[Old Blue 2]

That route will without doubt cause us huge economic damage, and for what?

You are just tossing out catch-all phrases that have no foundation in fact whatsoever.

You have not provided ONE shred of evidence to back up your claims today.

Here's a legal tenet. Stick to it! 'He who asserts must prove'.

Prove your statements, or don't bother...

 

[Prevenger17]

No. That was the cause of the initial fall post the vote

May's speech this week has seemingly provided some certainty around our exit from the EU. We're going to sacrifice access to the single market in order to close the door on Johnny Foreigner. The currency markets are now reacting to that news.

Or the markets will just temporarily react to every development until Britain have fully departed and there's a clearer picture. Or do you think the Sterling is going to stay in it's current trough forever?

 

[Old Blue 2]

Please tell me why Sterling is continuing to slide on the world's currency markets?

If you had read things correctly, you would have seen it was some arseholes fecking around on the Asian money markets. Got absolutely NOTHING to do with the vote on 23rd June..

Sharpen up, Esk. Selective posting again...

 

[Foot Long Hot Dog]

You are a fool if you think that 17 million+ people in this country are bigots and xenophobes over immigration. Immigration is the tag that people like you have latched onto, and paraded it around in order to pour scorn on those who voted out; those who know and knew better than to stay with an organisation whose ruling members in the main do not give a [Poor language removed] about Great Britain, and have attempted to do some pathetic sabre-rattling to try to unsettle us since the 'out' vote.

So give me evidence of massive economic pain for the UK in the future (you did talk about the future with that phrase, since you used the term: 'going to result'. Enlighten me and everyone else with your crystal ball, please...

You haven't a clue about low income and the impact it has, and how it shapes their life. I worked among it all for over 30 years, so don't parade that [Poor language removed] in front of me. The Government of the day, by way of setting benefit rates, and all the ancillary amending regulations related thereto, dictate the income of those not in work. And that's a fact, like it or not.

Go back and actually digest what I said, and then come back and point out exactly where I labelled the entire out vote as xenophobic.

As for the rest of that rant. Do you understand how inflation works? You don't need a crystal ball to predict that a tanking pound and a trade deficit will result in inflation. Inflation will affect those with the least disposable income the hardest, it's a simple fact.

 

[orchard]

-and how dictatorial is our 'Government' becoming?

Look folks, another 'Remain' crier.

Your kind bore the tits off me. It is YOU and your like who haven't a clue as to how dictatorial the EU has become. You just want to paddle around in the safety of the 'status quo' and be dictated to by European gobshites for ever and a day. And that's a fact, matey. Beggers belief! Wake up to reality...

 

[Foot Long Hot Dog]

If you had read things correctly, you would have seen it was some arseholes fecking around on the Asian money markets. Got absolutely NOTHING to do with the vote on 23rd June..

Sharpen up, Esk. Selective posting again...

So the pound tanking post May's speech this week has nothing at all to do with Brexit?

Are you being serious?

 

[Foot Long Hot Dog]

Or the markets will just temporarily react to every development until Britain have fully departed and there's a clearer picture. Or do you think the Sterling is going to stay in it's current trough forever?

I think it'll drop further post the invoking of article 50. I can see the pound hitting about 1.15 against the dollar

 

[Old Blue 2]

Go back and actually digest what I said, and then come back and point out exactly where I labelled the entire out vote as xenophobic.

As for the rest of that rant. Do you understand how inflation works? You don't need a crystal ball to predict that a tanking pound and a trade deficit will result in inflation. Inflation will affect those with the least disposable income the hardest, it's a simple fact.

I did read it. That's why I replied the way I did. Do you not understand that?

This is what you said about xenophobia: "...My kind think that ploughing on down the path of hard Brexit - solely to appease the bigots and xenophobes over immigration..." What has been said cannot be unsaid...

 

[Old Blue 2]

-and how dictatorial is our 'Government' becoming?

As opposed to unelected bureaucrats in Brussels?

Oh come on, please indulge in sensible debate. We have always had an 'elected dictatorship' of the ruling party at the time. Do you not see that?

The simple difference is that we will be governed by elected representatives, voted in by the people of GB (for better or worse) rather than being dictated to by the Brussels bureaucrats as to what we can and cannot do. It really is as simple as that.

 

[Old Blue 2]

So the pound tanking post May's speech this week has nothing at all to do with Brexit?

Are you being serious?

Since 23 June the pound has fluctuated both ways. Did you not notice that.

I love the way you clutch at straws... I cannot take your posts seriously.

 

[Foot Long Hot Dog]

I did read it. That's why I replied the way I did. Do you not understand that?

This is what you said about xenophobia: "...My kind think that ploughing on down the path of hard Brexit - solely to appease the bigots and xenophobes over immigration..." What has been said cannot be unsaid...

You've still not digesting it though I see.

In your desire to try and clambour onto some faux moral high ground, you've decided to miss the simple point I made.

May (not me) has clearly said this week that immigration was the key factor in the vote. Her decision to make that issue a non negotiable as a result is pandering to that section of the electorate. Personally I thought the vote was a vote to remain or leave the EU, I must have missed the question about immigration on the ballot paper.

 

[peteblue]

By the evidence of the replies this morning I think we all know which side of the discussion is desperate.

Please tell me why Sterling is continuing to slide on the world's currency markets?

I thought this piece of commentary this morning reflects investor concerns accurately:

"Regardless of the exact reason behind the overnight crash, there emerges an overarching point: it is not just about the UK’s free access to the single market and trade becoming costlier; investors are now perplexed by the country’s vision on immigration, openness and business-friendliness. This will be detrimental to the outlook for sterling given the global status that the UK has enjoyed for so many years."

....and the bit you missed out "It is still early days to determine the end-result but one thing seems certain: sterling will remain under severe pressure. We reiterate our forecast for GBP-USD at 1.20 and EUR-GBP at 0.93 by year-end."

It is quite easy to talk currencies up and down, and not a day goes by without some remainer talking us down in the press. As your particular report states, it's very often the computer algorithms that are doing it, coupled with with not very helpful comments from EU countries. When their exports to the UK start to take a hit the same people will then be trying to talk it back up....but the underlying strength of the British economy coupled with a rise in UK exports will bring it to it's natural level........

 

[Foot Long Hot Dog]

Since 23 June the pound has fluctuated both ways. Did you not notice that.

I love the way you clutch at straws... I cannot take your posts seriously.

Since June 23rd the pound has hit a 31 year low against the dollar, it's never got anywhere near 'fluctuating' back to where it was prior to June 23rd.

In short you're talking out yer hoop.

 

[peteblue]

Or the markets will just temporarily react to every development until Britain have fully departed and there's a clearer picture. Or do you think the Sterling is going to stay in it's current trough forever?

Exactly. It's just an opportunity for the spivs and traders to make a few bob......