money to be made with brexit exchange rate
 

any one ready to transfer money on results of brexit rates could drop or rise massive any one else think there is money to be had

Re: money to be made with brexit exchange rate
 

Yes, we have had money in an account for a while waiting to see what happens ;)

Re: money to be made with brexit exchange rate
 

Wouldn't want to get caught holding GBP if the UK votes out :blink:.

Re: money to be made with brexit exchange rate
 

GBP getting absolutely hammered on a Brexit lead, down 7%. When people panic the exits get very small very quickly. For those of us holding NZD we are flying. A NZD bought you about 48.3 pence at 10am and it now buys you about 51.8 pence. Pre-market indicates FTSE will slump 6% on open today.

Re: money to be made with brexit exchange rate
 

Now FTSE futures down 8%. Brexit looks worse for the UK than the financial crisis was.

Re: money to be made with brexit exchange rate
 

....as many tried to caution.

UK rating could well be downgraded also.
What is odd to read is that people are still thinking an exit will somehow stop inward immigration & that Brits will be better off in the pocket for the UK not paying into the EU.

Oh well. Maybe this coming year is the year me and him should have a good holiday in the UK.

Re: money to be made with brexit exchange rate
 

I think this is a vote against neoliberalism and the banksters as much as against the EU.

It was the only way ordinary people could raise a protest.

Just as here in NZ, Labour, Conservatives/National have identical economic policies.
So who can you vote for in a general election to bring about genuine change?

Re: money to be made with brexit exchange rate
 

I agree. i'm surprised and impressed with how Britain has stood up in protest at where the EU is headed and stood for it's national identity. Now Ireland needs to do the same

Re: money to be made with brexit exchange rate
 

Pound is at the lowest it's been since 1985. Perhaps a visit to the UK is on the cards after all...

Re: money to be made with brexit exchange rate
 

Better be quick before they shut the doors...;)

Re: money to be made with brexit exchange rate
 

US markets suspend trading on falls:
"S&P 500 and Nasdaq futures plummeted by 5pc in the wee Friday hours on the east coast, hitting overnight limit thresholds and causing trading to be suspended."

FTSE futures trading down between 8 and 9% now. This has to be a particularly unpleasant moment to hold FTSE shares heading into a market opening.

Edit to add: Sorry when I posted this it was down between 8 and 9%, it's now down over 9%.

Re: money to be made with brexit exchange rate
 

so right now it's 1.9 NZD to the pound. Do we think it will drop lower, say to 1.8?

Re: money to be made with brexit exchange rate
 

PM resigns.

Re: money to be made with brexit exchange rate
 

How long will it take until the whole of british expats goes crazy with everyone who wants out of the UK? Hedge your bets!

Re: money to be made with brexit exchange rate
 

I've seen some of my friends post on social media saying they want out of the UK and one suggested NZ. I have reminded him that NZ has strict immigration rules, we aren't ruled by bureaucrats from other countries and we sign our own trade deals. He would hate it here.

Re: money to be made with brexit exchange rate
 

Looks like our trip to NZ is going to get a whole lot more expensive. Looking forward to escaping here for a bit - the hysteria is driving me mad. You don't know how lucky you guys are down there.

Re: money to be made with brexit exchange rate
 

:lol:

Re: money to be made with brexit exchange rate
 

Yep, I've had friends message me and ask if it's difficult to get into NZ. Maybe I should send them to the forum, that'll be enough to put them off :lol:

Re: money to be made with brexit exchange rate
 

Re: money to be made with brexit exchange rate
 

If this is correct then at least they can get free help with their immy visa chances.

With the rest it is that good old Kiwi saying 'toughen up'.

Re: money to be made with brexit exchange rate
 

I think Britain is much better out than in (EU is a dead duck anyway) and so do all the MMT economists I know, and so does ex-UK Labour deputy leader Brian Gould:

Bryan Gould » A New Start for Britain and for Europe

Re: money to be made with brexit exchange rate
 

Watching One News, it appears some werent sure what they were voting for. Now that the reality has hit, they wish they could have the vote again. Does anyone know whats going to happen to all the Brits living in France and Spain etc? Will they be forced to go back to the UK now?

Re: money to be made with brexit exchange rate
 

I see other monikers are in the pipeline for the next phase including Departugal, Italeave, Finnish and Outstria. Lol

Re: money to be made with brexit exchange rate
 

Which is why it should never have made it to referendum in the first place! The most popular search item for google recently in the UK has been "what does EU mean?" :eek:

The government trusted the general public with a massive decision with major repercussions that will last for years. I'm not sure if the government realised just how deluded, misinformed, a little bit racist and what seems to be plain stupid the Joe Public really are. At least John Key only gave us a flag referendum, sensible decision me thinks :nod:

Re: money to be made with brexit exchange rate
 

Not really as the Kiwis were so annoyed at how much money it cost them on the flag referendum in protest they wanted nothing to do with a new flag, how idiotic. Those same Kiwis however want a new flag in the Near future, comical people

Re: money to be made with brexit exchange rate
 

Sensible in comparison, but still not overly sensible no!

Re: money to be made with brexit exchange rate
 

Yeah...but they can't. Don't worry though they can elect the opposition who can reapply for EU membership and perhaps in a decade or so if they play their cards right...:lol:. I think Britain got the outcome it deserved, whether it continues to want it or not.

Re: money to be made with brexit exchange rate
 

I don't quite understand why they can't apply for citizenship of the relevant country if wanted (most have a similar residence requirement as NZ ie 5 years).

Living in a foreign country and using their infrastructure etc but demanding all the rights of a UK citizen as well (including the right to vote) seems untenable to me.

Re: money to be made with brexit exchange rate
 

Oo! I like this.

"Eventually people will come for you"

https://www.facebook.com/AthensLiveG...type=2&theater

Re: money to be made with brexit exchange rate
 

Excellent link:goodpost:

Re: money to be made with brexit exchange rate
 

The uk deserves everything it gets, I hope it and the disgusting people who now inhabit the place sink
slowly into the pool of shite they now try to pass off as a society.
What this has shown is what a bunch of selfish whinging bastards they have become, they are running
around like spoilt little kids who cant have their own way
Watching this unfold, and the reactions of those who voted remain, I have NEVER felt more ashamed of being british

The working class blame the upper class for mis informing them
younger generation are blaming the older generation even though only 36% of 18-24s voted
middle class or rather middle class wanna be's are now trying to claim intellectual superiority
and are classing anyone who voted out as stupid / uneducated / ignorant.

Its all great news for immigrants as they are no longer to blame for anything.

The whole thing reminds me of the story of Chicken Licken with everyone running around as the sky was falling down

Re: money to be made with brexit exchange rate
 

My thoughts exactly mate. I'm embarrassed by the reaction too. Couldn't have explained it better.

Re: money to be made with brexit exchange rate
 

Looking at forecasts from economists it seems GBP is predicted to fall to around $1.20 over the next 6 months assuming that the status quo is maintained for that time.

The economy is tipped to contract for two consecutive quarters (a "technical recession" although I've never understood why not just call a recession a recession?) so that'll take us to next Christmas. Under trend growth the following year.

I've seen no employment forecasts to date but, as long as the UK remains in limbo, Brexit will be more of a drag than a shock. Until there is certainty companies will avoid investing in the UK but they won't relocate until there is clarity around the UKs market access.

Re: money to be made with brexit exchange rate
 

GBP extended record losses, NZD got to 53p today.

Edit to add: Barclays and RBS shares suspended in early trading after they hit the circuit breakers on heavy losses. UK banks and financial service providers are being hammered.

Re: money to be made with brexit exchange rate
 

After the football result £ forecast to drop another 10% :-)

Re: money to be made with brexit exchange rate
 

There's nothing like a sweeping generalization and tarring of everyone with the same brush and feathers to make UK emigrants feel welcome. :thumbdown: This result has dealt devastating blows to me and many of my friends. We're trying to pick up the pieces and move forward while taking it in turns to hold each other up when our steps falter. To know you class me as a selfish, whining, illegitimate and disgusting pieces of shit makes the moving forward even harder. Thanks for that, we always thought we were just normal, working class made good, people who cared for our community, society and future.

Re: money to be made with brexit exchange rate
 

What do you mean? Wales arent playing until tonight! :thumbsup:

Re: money to be made with brexit exchange rate
 

My experience is of friends and family over reacting massively and being so hyper sensitive as to take offence from anything and anyone. Looking for people to blame for what they see as a cataclysm. This is causing rifts to form within families, communtites and between regions of the country. That is what I find disappointing about the UK right now. Really disappointing that we are so divided and don't seem capable of pullng together. There's no leadership and no common goal, the place is falling apart. It would be good if we could get over the shock and see the bigger picture here. Best of luck in these unstable times. :fingerscrossed:

Re: money to be made with brexit exchange rate
 

You sure you would't like to live in the UK?

You would fit right in.

You sound just like all the other bigoted ignorant racists who are sticking their ugly heads up.

Re: money to be made with brexit exchange rate
 

Hey come on, that's not nice or helpful.