Current Affairs EU In or Out

[joey_macmo]

So you don't believe that anything that Osborne said were untrue or exaggerated for effect........including the 'emergency budget'.........

You've gone from a "complete fabrication" to "you don't believe anything he said was untrue or exaggerated"

That's some shift in the goalposts

 

[peteblue]

Given the decision to leave the EU is based on the will of the people as determined through a referendum, I'd be fascinated to hear the argument for not allowing the people to decide by referendum whether or not the terms for leaving (when negotiated) are acceptable or not.

It'll be interesting because we may not have any terms for leaving. We may just leave and then negotiate a trading arrangement with the EU. We wouldn't normally have a referendum on individual trading agreements. Personally I think we should in this instance, but I suppose it all depends on the how and when.......

 

[peteblue]

You've gone from a "complete fabrication" to "you don't believe anything he said was untrue or exaggerated"

That's some shift in the goalposts

You have no idea why I asked the question do you ?........

 

[1966efc]

?

Read the post on 24th / 25 / 26 / 27 June.

 

[1966efc]

Read the post on 24th / 25 / 26 / 27 June.

Although, in fairness, the level of hysterical entitlement was at its zenith then.

 

[joey_macmo]

Read the post on 24th / 25 / 26 / 27 June.

Still clueless pal

 

[peteblue]

Whilst the fall in the pound is certainly concerning, and certainly linked to brexit, the High Frequency Trading algorithms work in very mysterious ways. The fact some operate based on news content and social interaction means they can most definitely not always be acting properly and reflecting the mood in the market.

Tbf, the £ dropped, as fully expected, on the Brexit result. The trend has been steady to downward over the last few months until Mays speech and the outpourings from Merkel and Hollande over this 'hard Brexit'. The £ is being talked down and that is fair enough, it happens. There will no doubt be a change to the £ when terms for our exit emerge, either good or bad, or if the Government can set up any other intended trade deals. I have no problem with the £ at it's current level, exports are going up, employment is going up, share prices are going up. The underlying economy of the Uk is in far better shape than those of our current partners in Europe........

 

[joey_macmo]

You have no idea why I asked the question do you ?........

Obviously not, we both know "a complete fabrication" is patently untrue though.

 

[The Cowboy]

A 4 month trend isn't the work of algorithms and it's absolute folly to suggest otherwise

The past 4 months have seen employment figures, industry confidence polls, growth rates all confound expectations. The $/£ might be a key measure, but it's not the only one.

 

[joey_macmo]

The past 4 months have seen employment figures, industry confidence polls, growth rates all confound expectations. The $/£ might be a key measure, but it's not the only one.

Well in currency terms it is

 

[peteblue]

Well in currency terms it is

What exchange rate do you believe is good for the UK then.......

 

[The Cowboy]

Well in currency terms it is

So?

 

[The Esk]

. I have no problem with the £ at it's current level, exports are going up, employment is going up, share prices are going up

As a nation our global purchasing power is 13% less than it was on 23rd June. Foreign investors who have invested in the UK or bought UK debt are 13% poorer.

The FTSE is up only on the basis of the increase in value in sterling terms of foreign earnings. Meanwhile input prices and raw material prices have increased by 13% due to our currency weakness, destroying margins and future profitability.

This idea that we're getting a free ride on the back of a cheaper currency is a complete nonsense.

 

[peteblue]

The past 4 months have seen employment figures, industry confidence polls, growth rates all confound expectations. The $/£ might be a key measure, but it's not the only one.

Indeed, but those that would talk our country down have nothing else to point at.........

 

[Clint Planet]

Indeed, but those that would talk our country down have nothing else to point at.........

There's the increase in racism, of course.