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Euro pound parity

Euro pound parity

Old Aug 13th 2017, 1:34 am
  #46  
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Default Re: Euro pound parity

The people or parties who say that we should retract or vote on retraction of Article 50 are living in cloud cuckoo land. Once Article 50 was triggered then there is no going back without the consent of all the remaining countries in the EU. Even if there was a vote does anyone in their right mind think that the remaining countries will let us retract without extracting their pound of flesh or a lot more! The negotiations that have taken place already shows just how conciliatory they might be. I suspect €100 billion would seem like small change to their demands.
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Old Aug 13th 2017, 1:46 am
  #47  
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Default Re: Euro pound parity

Originally Posted by rspltd
The people or parties who say that we should retract or vote on retraction of Article 50 are living in cloud cuckoo land. Once Article 50 was triggered then there is no going back without the consent of all the remaining countries in the EU. Even if there was a vote does anyone in their right mind think that the remaining countries will let us retract without extracting their pound of flesh or a lot more! The negotiations that have taken place already shows just how conciliatory they might be. I suspect €100 billion would seem like small change to their demands.

Their 'demands' euro speak for negotiating attempt, are frankly irrelevant. Britain has two options, either we have a deal with them which he hitehall machiavelli's believe makes us money or alternatively we don't have a deal with them which loses them money, and speeds up our requirement to buy even less from them in the future. Remember that in terms of our balance of trade we import more from them and we export to them, several very large European industries stand to lose a lot of money if we dont buy from them.

The british Government has publicly signaled what it considers to be fair, which i think was 46 billion, but there will be Devils within both our and European details. For example the EU would like us to pay into the future for infrastructure projects that the EU with us as members agreed to create, but we have actually overpaid in the past for those infrastructure projects and it would be reasonable If we are not to benefit from future related income,to demand the return of huge capital outlay. What of the vast sums we have paid for future projects to House even more bureaucrats, as we wont be members and will need to more room for our uncivil servants i assume we will require that money back

While the EU makes a public sound about not wishing to punish the UK for leaving I don't believe a word, they need to be able to say to their supporters they drove a hard bargain and they made us fail to ensure frightening off other potential leavers. Unfortunately I actually don't think they're capable of doing it because if we walk away we still win.

Last edited by Rosemary; Aug 13th 2017 at 2:23 am. Reason: corrected quote
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Old Aug 13th 2017, 3:09 am
  #48  
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Default Re: Euro pound parity

Originally Posted by bobd22
You are of course correct Fred but I still consider there are far more expats that will suffer from low exchange rates than benefit. As you say winners and losers but I guess more expats living in Euroland will lose than will gain.
In total agreement
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Old Aug 13th 2017, 3:16 am
  #49  
 
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Default Re: Euro pound parity

Originally Posted by KieronF
The attached graphic actually shows that the GBP was in steady and prolonged decline against the Euro long before the brexit vote - in fact since the previous summer.
That chart only shows 12m prior to the Brexit vote, so isn't really "prolonged". Currencies that float move up and down over periods of much longer than 12months.

Also charting just two currencies' exchange rate can give a very misleading picture, as both sides of the exchange can be subject to independent economic and political factors. .... For example, sterling and the USD appear to have been relatively stable over the past year, when in fact that is largely true because both currencies have been losing value compared to a global basket of currencies.
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Old Aug 13th 2017, 3:27 am
  #50  
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Default Re: Euro pound parity

Originally Posted by uk_grenada
Their 'demands' euro speak for negotiating attempt, are frankly irrelevant. Britain has two options, either we have a deal with them which he hitehall machiavelli's believe makes us money or alternatively we don't have a deal with them which loses them money, and speeds up our requirement to buy even less from them in the future. Remember that in terms of our balance of trade we import more from them and we export to them, several very large European industries stand to lose a lot of money if we dont buy from them.

The british Government has publicly signaled what it considers to be fair, which i think was 46 billion, but there will be Devils within both our and European details. For example the EU would like us to pay into the future for infrastructure projects that the EU with us as members agreed to create, but we have actually overpaid in the past for those infrastructure projects and it would be reasonable If we are not to benefit from future related income,to demand the return of huge capital outlay. What of the vast sums we have paid for future projects to House even more bureaucrats, as we wont be members and will need to more room for our uncivil servants i assume we will require that money back

While the EU makes a public sound about not wishing to punish the UK for leaving I don't believe a word, they need to be able to say to their supporters they drove a hard bargain and they made us fail to ensure frightening off other potential leavers. Unfortunately I actually don't think they're capable of doing it because if we walk away we still win.
Is this straight out of the Daily mail ?
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Old Aug 13th 2017, 3:38 am
  #51  
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Default Re: Euro pound parity

Originally Posted by newpower
Come on , we should celebrate this, as this is what the majority voted for.
We were told this would happen, and it has, cant see a problem?
Agreed, but this is an Ex-pats forum so that is the perspective some will naturally approach the subject from. Yes this is what the majority voted for........just, but for many here, particularly those who have retired with only their retirement pension to support them, things must be difficult.
Lucky you if you can't see a problem. Perhaps you mean you can't see one in your own personal situation. Nothing necessarily wrong with that. Take a wider view though and you will have to acknowledge surely that for some there is a problem.
I'm not attaching any blame to the electorate, just pointing out and recognising how it affects some over here.
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Old Aug 13th 2017, 4:06 am
  #52  
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Default Re: Euro pound parity

Originally Posted by Biffta
Agreed, but this is an Ex-pats forum so that is the perspective some will naturally approach the subject from. Yes this is what the majority voted for........just, but for many here, particularly those who have retired with only their retirement pension to support them, things must be difficult.
Lucky you if you can't see a problem. Perhaps you mean you can't see one in your own personal situation. Nothing necessarily wrong with that. Take a wider view though and you will have to acknowledge surely that for some there is a problem.
I'm not attaching any blame to the electorate, just pointing out and recognising how it affects some over here.
Totally agree
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Old Aug 13th 2017, 4:10 am
  #53  
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Default Re: Euro pound parity

Originally Posted by KieronF
The major problem with that position is that many businesses, large and small, are making adjustments now in anticipation of our declared intention to leave the EU. To suggest that, at the end of two years of preparations, MP's may yet vote to veto the deal would do nothing but add to the already substantial costs for many who are realigning their business strategy - and add further to the long-term uncertainty as to the future of the UK's trading arrangements. Such a move would be catastrophic.
Kieron yes I see that. Also if EU want us to stay they would be less likely to give UK concessions in the hope that at the end uk vote to stay. It is just something I came across. Also it would at least allow voters to make an informed vote but as you say too late for business.
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Old Aug 13th 2017, 4:12 am
  #54  
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Default Re: Euro pound parity

Originally Posted by Biffta
Agreed, but this is an Ex-pats forum so that is the perspective some will naturally approach the subject from. Yes this is what the majority voted for........just, but for many here, particularly those who have retired with only their retirement pension to support them, things must be difficult.
Lucky you if you can't see a problem. Perhaps you mean you can't see one in your own personal situation. Nothing necessarily wrong with that. Take a wider view though and you will have to acknowledge surely that for some there is a problem.
I'm not attaching any blame to the electorate, just pointing out and recognising how it affects some over here.
I was being sarcastic.
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Old Aug 13th 2017, 4:21 am
  #55  
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Default Re: Euro pound parity

Originally Posted by Annetje
Is this straight out of the Daily mail ?
It sounds suspiciously like the spoiled child who accuses Mama of unfair punishment for refusing to give him a bag of candy.
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Old Aug 13th 2017, 5:31 am
  #56  
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Default Re: Euro pound parity

Seems even the Mail is starting to see through the lies the country was told.The Brexiteers have lost the economic argument | This is Money
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Old Aug 13th 2017, 6:12 am
  #57  
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Default Re: Euro pound parity

Originally Posted by bobd22
Seems even the Mail is starting to see through the lies the country was told.The Brexiteers have lost the economic argument | This is Money
Getting your papers mixed up.
Daily Mail - pro Brexit
Mail on Sunday - anti Brexit
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Old Aug 13th 2017, 8:32 am
  #58  
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Default Re: Euro pound parity

Yes realised that after posting that's the problem not subscribing to either
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Old Aug 13th 2017, 8:51 am
  #59  
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Default Re: Euro pound parity

Originally Posted by Golden Years
Getting your papers mixed up.
Daily Mail - pro Brexit
Mail on Sunday - anti Brexit
Are they owned by different people?

Serious question. I've never felt moved to read either.

Last edited by Novocastrian; Aug 13th 2017 at 8:54 am.
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Old Aug 13th 2017, 10:01 am
  #60  
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Default Re: Euro pound parity

Originally Posted by Novocastrian
Are they owned by different people?

Serious question. I've never felt moved to read either.
They have the same owners but different editorial staff.

Not quite sure why you need to feel "moved to read either" to find out who owns them. Use your search engine like anyone else would do.
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