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Euro pound parity

Euro pound parity

Old Aug 13th 2017, 12:04 pm
  #61  
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Default Re: Euro pound parity

Originally Posted by Annetje
Is this straight out of the Daily mail ?
No, why?
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Old Aug 14th 2017, 12:52 am
  #62  
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Default Re: Euro pound parity

On a PPP (purchase power parity) basis the pound is 20% undervalued vs USD, but saying that the euro is also undervalues using the same comparison. Given the massive cloud of uncertainty hanging over the UK atm, i think it could of been worse than the 1.10 level it is atm. Over the short term, i think the pressure will be cranked up on the UK and the ex rate could indeed reach parity, i think the pound will recover somewhat as the terms of the negotiations become clear. I live in the UK but have bills for my holiday home in Spain, as i did during the last attempt at parity during the financial crisis. I consider my self fortunate to have homes in two great countries and I will continue to enjoy both even if that means a bit more work or a few less cervezas. I think the best approach atm if you can, is to budget for the worst and enjoy anything more than that.
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Old Aug 14th 2017, 5:19 am
  #63  
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Default Re: Euro pound parity

Originally Posted by uk_grenada
Frankly the EU is - in my opinion - a dead man walking. Several countries will watch with great interest how brexit and post brexit works, if the uk succeeds I predict within a few years after brexit, as the germans dig for more money fron them, and as the eu tries to take firm control of all fiscal matters, the exodus of richer countries will commence and the euro will tank. Sure, the P.I.G.S. at the trough might cause a meltdown before which will not be recoverable by the germans dragging the french along.
You clearly have no idea of the functionality if the EU.
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Old Aug 14th 2017, 5:22 am
  #64  
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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.
There is nothing in the Lisbon Treaty to suggest that A50 can't be revoked unilaterally. The consent of the 27 is only needed to prolong negotiations after the two years set out in the Treaty.
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Old Aug 14th 2017, 5:27 am
  #65  
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Default Re: Euro pound parity

Originally Posted by Novocastrian
You clearly have no idea of the functionality if the EU.
20 years working for mainly US ict manufacturers providing european support to hordes of big european big businesses, including a number of finance ministries and the commission - about 3 days a week in random european cities - then managing said support for the worlds largest logistics business then same job approx for other entities. Your clearly superior knowledge comes from?
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Old Aug 14th 2017, 4:20 pm
  #66  
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Default Re: Euro pound parity

Erm, there's virtually no "good" that comes from Brexit. Everybody loses. Especially Britain.

But one (arguably) good thing is, that the EU has had its own period of soul searching, and has been grounded by the exercise. The evidence of this is clear, and as a result, more responsible and practical policies have been implemented, which is leading to a substantial rate of growth and increase in living standards which the UK can only dream of at this juncture.

And another realisation is that without the British fear of European success, these successes are likely to continue.

So, regardless of whether Britain comes to it's senses and reverses this decision, and regardless of the "we would welcome you back" lip service the EU offers Britain, the exercise is serving to clarify that Britain simply doesn't belong, and although it will have a profoundly negative effect on Britain, the sad fact remains that as long as Britain remains paranoid of Europe, there's no point in continuing to appease you. Britain just doesn't belong in the club. End of. We'll deal with it.

You voted for it, so have it your way. But please refrain from blaming us for it. We gave you all we could. Best deal you could've wished for (and the best deal in Europe). But that wasn't good enough. So, what do you want now? We've been waiting for over a year, and neither you nor we have any idea what you want.

So, let's just wrap this up and move on, OK? Or is that too much to ask? You only have a few months left. Better get your arse in gear. Tick tock...
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Old Aug 14th 2017, 5:08 pm
  #67  
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Default Re: Euro pound parity

Originally Posted by amideislas
Erm, there's virtually no "good" that comes from Brexit. Everybody loses. Especially Britain.

But one (arguably) good thing is, that the EU has had its own period of soul searching, and has been grounded by the exercise. The evidence of this is clear, and as a result, more responsible and practical policies have been implemented, which is leading to a substantial rate of growth and increase in living standards which the UK can only dream of at this juncture.

And another realisation is that without the British fear of European success, these successes are likely to continue.

So, regardless of whether Britain comes to it's senses and reverses this decision, and regardless of the "we would welcome you back" lip service the EU offers Britain, the exercise is serving to clarify that Britain simply doesn't belong, and although it will have a profoundly negative effect on Britain, the sad fact remains that as long as Britain remains paranoid of Europe, there's no point in continuing to appease you. Britain just doesn't belong in the club. End of. We'll deal with it.

You voted for it, so have it your way. But please refrain from blaming us for it. We gave you all we could. Best deal you could've wished for (and the best deal in Europe). But that wasn't good enough. So, what do you want now? We've been waiting for over a year, and neither you nor we have any idea what you want.

So, let's just wrap this up and move on, OK? Or is that too much to ask? You only have a few months left. Better get your arse in gear. Tick tock...
What a load of absolute bo**ocks. You have a view - and that is all it is.
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Old Aug 14th 2017, 8:58 pm
  #68  
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Default Re: Euro pound parity

Originally Posted by uk_grenada
20 years working for mainly US ict manufacturers providing european support to hordes of big european big businesses, including a number of finance ministries and the commission - about 3 days a week in random european cities - then managing said support for the worlds largest logistics business then same job approx for other entities. Your clearly superior knowledge comes from?
From having lived and worked for over 8 years in Germany, having lived for parts of the year in France for a different decade, having worked with and for the EU Umweltforschung programmes at a senior level on and off for 25 years, having served as external reviewer for several major research centres in both Germany and France, from being fluent enough to read the serious press in both the German and French languages and from not reading the Daily Fail.
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Old Aug 14th 2017, 9:02 pm
  #69  
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Default Re: Euro pound parity

Originally Posted by Novocastrian
From having lived and worked for over 8 years in Germany, having lived for parts of the year in France for a different decade, having worked with and for the EU Umweltforschung programmes at a senior level on and off for 25 years, having served as external reviewer for several major research centres in both Germany and France, from being fluent enough to read the serious press in both the German and French languages and from not reading the Daily Fail.
Just that one would have done
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Old Aug 14th 2017, 10:45 pm
  #70  
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Default Re: Euro pound parity

Originally Posted by InVinoVeritas
What a load of absolute bo**ocks. You have a view - and that is all it is.
It's documented fact. But ignoring reality is Brexit's legacy, so it's no surprise that you'd feel that way.

Welcome to reality. Enjoy your stay.
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Old Aug 14th 2017, 11:46 pm
  #71  
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Default Re: Euro pound parity

Originally Posted by Novocastrian
From having lived and worked for over 8 years in Germany, having lived for parts of the year in France for a different decade, having worked with and for the EU Umweltforschung programmes at a senior level on and off for 25 years, having served as external reviewer for several major research centres in both Germany and France, from being fluent enough to read the serious press in both the German and French languages and from not reading the Daily Fail.
Never knowingly read the daily mail, but as you appear to be an environmentalist you are forgiven your sins, you cannot know what you do.
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Old Aug 14th 2017, 11:54 pm
  #72  
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Default Re: Euro pound parity

Originally Posted by uk_grenada
Never knowingly read the daily mail, but as you appear to be an environmentalist you are forgiven your sins, you cannot know what you do.
I know this is the internet, but is that really the best you can do?
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