The £/$ fall to 1.33 in the wake of the referendum.
Jun 27th 2016, 6:38 pm
#121
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Re: The £/$ fall to 1.33 in the wake of the referendum.
Jun 27th 2016, 6:41 pm
#122
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Re: The £/$ fall to 1.33 in the wake of the referendum.
At this point in time things will get rapidly worse for EVERYONE until calmer minds prevale and leaders recognise that no matter how much we all might wish that different decisions had been taken, over many years, and that we would all be in a more comfortable position, that isn't where we are, we are in a crisis, and we need to swallow our pride and deal with the crisis rather than just pointing fingers of blame.
Jun 27th 2016, 6:46 pm
#123
Joined: Dec 2001
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Re: The £/$ fall to 1.33 in the wake of the referendum.
I am now wondering if there is going to be a vote of no confidence and a snap general election, ..... and ultimately no triggering of Article 50, as there is no necessary link between the referendum result and the actions of the government.
Meanwhile the global economy goes to hëll in a handbasket for the next 10-12 weeks.
Jun 27th 2016, 6:47 pm
#124
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Re: The £/$ fall to 1.33 in the wake of the referendum.
The chancellor may have taken some comfort from the fall in yields on ten year government bonds. Yields on these gilts, which move inversely to prices, fell below 1% for the first time. This fall in gilt yields will keep government borrowing costs down and lead to lower mortgage rates. However, they also mean pension companies have started cutting the amount paid to the newly retired.
https://www.theguardian.com/money/20...es-fall-brexit
Jun 27th 2016, 6:58 pm
#125
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Jun 27th 2016, 7:06 pm
#126
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Re: The £/$ fall to 1.33 in the wake of the referendum.
Jun 27th 2016, 7:13 pm
#127
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Re: The £/$ fall to 1.33 in the wake of the referendum.
Well, at least an early England goal will settle things down... oh dear.
Jun 27th 2016, 8:10 pm
#128
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Re: The £/$ fall to 1.33 in the wake of the referendum.
Do you want to engage a debate of who caused the problem, and who is to blame, or recognize that there IS a problem and do something to fix it. At the moment the discussion about who caused the problem is something that we should leave to the historians, because how we got into this mess is largely irrelevant as to how we get out of it.
At this point in time things will get rapidly worse for EVERYONE until calmer minds prevale and leaders recognise that no matter how much we all might wish that different decisions had been taken, over many years, and that we would all be in a more comfortable position, that isn't where we are, we are in a crisis, and we need to swallow our pride and deal with the crisis rather than just pointing fingers of blame.
At this point in time things will get rapidly worse for EVERYONE until calmer minds prevale and leaders recognise that no matter how much we all might wish that different decisions had been taken, over many years, and that we would all be in a more comfortable position, that isn't where we are, we are in a crisis, and we need to swallow our pride and deal with the crisis rather than just pointing fingers of blame.
1914-1918
1939-1945
God knows American politics are bad enough but European politics are persistently just about as bad as it gets
Last edited by dc koop; Jun 27th 2016 at 8:13 pm.
Jun 27th 2016, 8:12 pm
#129
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Re: The £/$ fall to 1.33 in the wake of the referendum.
Well the "winning side" isn't the government.
I am now wondering if there is going to be a vote of no confidence and a snap general election, ..... and ultimately no triggering of Article 50, as there is no necessary link between the referendum result and the actions of the government.
Meanwhile the global economy goes to hëll in a handbasket for the next 10-12 weeks.
I am now wondering if there is going to be a vote of no confidence and a snap general election, ..... and ultimately no triggering of Article 50, as there is no necessary link between the referendum result and the actions of the government.
Meanwhile the global economy goes to hëll in a handbasket for the next 10-12 weeks.
Jun 27th 2016, 8:18 pm
#130
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Re: The £/$ fall to 1.33 in the wake of the referendum.
Technically speaking, the creation of the EU was meant to reduce the frequency of such a crisis. So having gone 70 odd years isn't bad (unless you count all the other little wars and stuff).
Jun 27th 2016, 8:27 pm
#131
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Re: The £/$ fall to 1.33 in the wake of the referendum.
i'm in a bit of a quandary. I have GBP20,000 sitting in a General Transaction Account within my ETF Portfolio.
I cant help thinking that now is the time to allocate that money to a UK fund. but hesitating!
The whole portfolio is in GBP.
I cant help thinking that now is the time to allocate that money to a UK fund. but hesitating!
The whole portfolio is in GBP.
Jun 27th 2016, 8:28 pm
#132
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Re: The £/$ fall to 1.33 in the wake of the referendum.
I can see the pound continuing to drop against other currencies. There isn't a great deal the BOE can do to stop it.
Still, sovereignty though, eh?
Still, sovereignty though, eh?
Jun 27th 2016, 8:33 pm
#133
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Re: The £/$ fall to 1.33 in the wake of the referendum.
https://en.wikipedia.org/wiki/United...ualties_of_war
Jun 27th 2016, 8:36 pm
#134
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Jun 27th 2016, 8:52 pm
#135
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Re: The £/$ fall to 1.33 in the wake of the referendum.
The thing about the Europeans is they are way too much into ethnic cleansing and concentration camps and Crematory and stuff like that there are just too many American cemeteries in Europe