The Pound Slides

[jofra]

Please understand that certain companies, organisations and government departments require employees/staff/operatives to sign either an undertaking bound by the Official Secrets Act and/or 'non-disclosure' agreements whereby the employee/staff member/operative is forbidden from disclosing, revealing and/or stating the name of the company, organisation and government department in which or by whom they are employed.
Fortunately, as I was not bound by such restrictions, I can freely state that for most of my life I was involved in the facilitation and legitimisation of the movement of a considerable number of non-combatants throughout the UK, although in latter years, governance and management of this involved multinational participation....
i.e. I worked for British Rail, selling tickets in a ticket office, and after privatisation, "my" section became part of a part-French/part-British owned company.....
Sounds good when you want to make a secret of company names.....

[Mowgli597]

Thank you Waz
That answers my question perfectly and leaves me in no doubt whatsoever.

And may I ask both you and HedgeFund what is your occupation and financial status? Just in the interest of equality you understand.

Personally I'm retired and living on a UK state and a very small Forces disability pension. Hence my very close interest in what's happening to the Stg £.

[PoshinDevon]

Having read thro the posts on this topic, it is clear that the debate is fast coming to an end. It has been an interesting discussion and time will tell as to how the pound and the UK economy will perform over the next few months pre and post leaving the EU.

I think its fair to say that initially the pound did fall sharply; as forecasted, following the decision of the UK to leave the EU. Currency markets do not like uncertainty. There are however always winners and losers whether the pound falls or rises in value against other currencies.

Three weeks on from the vote and the pound has recovered somewhat and whilst not as strong as before the vote is holding its own, the FTSE is also solid and rising. Companies have not deserted the UK and a good number of countries have expressed a strong interest in doing trade deals with the UK.

A long way to go and no doubt when article 50 is triggered there will be a certain amount of turmoil and possible uncertainty. However; the UK has voted to leave the EU, Brexit will happen, it may well be a bumpy ride but time to look forward and embrace the challenges that shedding the shackles of the EU will bring.



As some people are unhappy with a couple of comments and to prevent things going downhill this topic is now locked.