Well, it's the end of the week and it's now at the lowest rate I've seen since the referendum.

Just because we live in Canada does that mean we shouldn't be concerned about what is happening in our country of citizenship? It's the only citizenship I have, I may have to go back to live there or my kids may choose to do so.

Personally, I identify as an EU citizen but it's clear that soon I won't be able to so. That makes me feel quite strange because it will be taken away from me, but I would also say that these feelings don't dilute my commitment to living in Canada. Issues of identity and belonging are not simple, black and white (to me it's not either British or English, or European or Canadian).

S

I'm worried for my kids future, and for my own too. I wanted them to have the choice of a secure UK or the rest of Europe to return to, or maybe they'll want to go elsewhere. I can't hand on my heart say Canada is my forever home. I might want to return to the UK when the kids are old enough- I have harboured the French (or Italy) cottage dream in retirement too...

The referendum has highlighted the importance of choices so I'm fairly certain we'll be in Canada until we all have citizenship and my eldest has finished high school. After that, who knows?

One entirely selfish reason is the comfort of my retirement. I guess the State Pension will still be there (though if Gove becomes PM ....) but it will be worth less in CAD. I also think the value of my defined contribution pension will decline in £ value as well as $ value as the UK economy is going to be in decline for an indeterminate period.

What he said too

"stressed out" might be over-stating peoples reactions a little

Anyway, I don't think it's unreasonable for people living in another country to think that making the opportunity for others to do so more difficult is not a good thing. Not to mention that they may have friends/family who still live in the UK and could be negatively affected by changes to the economy.

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Having a general election would not involve legislation, but simply a vote of no confidence in the government.

There is a small matter that prevents the European Parliament ( actually the Commission) from changing the provisions of Article 50, and that small matter is that the UK has a veto until it choses to invoke the Article.

Which they won't.

The Kippers were too stupid to see what was going to happen. Did they really believe all that BS coming from Farage ? Probably. Just like many Germans believed what the Brown Ones told them in the 1930s.

same here. I have never seen the gbp/nzd so low

I has been lower in the recent past:


This is good for UK exports now as long as companies can still sell into the EU and other markets via EU agreements. Not quite as good for consumers who will pay more for imported produce. While all credible organisations I've seen forecast a net loss for the UK the Bank of England have been really good at talking down the risk of recession, they look like they are ready to turn on the money taps to keep liquidity in the economy and Treasury abandoning their balanced budget has helped as well. They can't do much about GDP growth etc. but they can kick the ball down the road and massively devalue GBP by borrowing more and quantitative easing if Article 50 is invoked.

I would remind everyone that Article 50 hasn't been invoked yet and may not be at all depending on the Conservative leadership. If this ends up dragging to the next election in 2020 the UK may vote in a pro-EU government and invalidate the initial result anyway. On the other hand if a hardened Euroseptic like Gove won you'd see much more panic in financial markets.

Yes indeed. It's always best to think long-term, people.

Yes, just like it was lower in the past against the Canadian $.

The difference is when it was lower before it took about three years to fall 50c. 13c overnight and another 3c a few hours later is a tad different.

That's a lot of money from UK income down the drain until recovery.

That's only going to make things worse. Investors don't like dilly dallying.

Also, CAD is very weak right now. You can't really compare two weak currencies and say look things have been worse!

Can't be much fun Bristol. No predictions have any value prior to a new government / Conservative leader, and early negotiations in September.

There will be no early negotiations in September.