Referendum - Leave likely to win - GBP Down

David · Post by **David** » Fri 01 Jul 2016 11:02 am

RAZ
Exactly my sentiments, time to move on and prosper i think all the doom and gloom merchants need to polish up the crystal ball that they are looking in to, seems to have gone a bit cloudy lately.

Groucho · Post by **Groucho** » Fri 01 Jul 2016 1:14 pm

"Prophets of doom" and "independence mongers" are taking a "warped view" of the Brexit vote, Welsh Conservative leader Andrew RT Davies has said.
He claimed First Minister Carwyn Jones was saying "I told you so" while Plaid Cymru was using the poll's outcome as an "excuse" to call for independence.
Labour and Plaid had a "little Britain mentality" when a "globally facing Britain" was needed, Mr Davies wrote.
He made the comments in an article for The Times newspaper's website.
On Thursday, Welsh Government economic advisor Kevin Gardiner said some people were "perhaps unduly pessimistic" after the vote to leave the EU.
Within hours of the Brexit result being announced on June 24, Mr Jones said he feared it would cost Wales jobs.
'Limitless potential'
In his article, to be published on Friday, Mr Davies said the first minister had been "particularly vociferous in his doom-laden economic forecasting, and in denigrating those who chose to leave".
"He has closed the doors on cross-party negotiation and now, having lost his nerve, seems unable to negotiate a deal for Wales, resorting instead to finger-wagging and pronouncements of 'I told you so'," Mr Davies wrote.
Plaid Cymru's call for independence "betrays how out of kilter they are with the needs of Welsh communities", he added.
"The prophets of doom and the independence mongers alike are wrong to take such a warped view of referendum result."
Mr Davies urged his political opponents to "lift their eyes to the sky and consider the limitless potential that now lies ahead of us and to embrace the outcome".
He added: "Instead they seem intent on clinging to a little Britain mentality. A globally facing Britain is what is now needed."

BBC

waz-24-7 · Post by **waz-24-7** » Fri 01 Jul 2016 4:03 pm

David wrote:Waz
You wait until Theresa May gets in at least she will put Britain first, a great bed fellow for the leave voters.

Comforting thought but can she keep us in Europe as everybody now seems to agree upon except of course Mr Farage and the ultra right wing.

BREXIT has caused irreparable damage to the UK economy as predicted.
Please
Stop glossing over it in desperate hope that the REMAIN prophecy was wrong.
Too many people of substance made the case and too many refused or were unable to read the writing on the wall.
Now we ALL suffer.

mickhm · Post by **mickhm** » Fri 01 Jul 2016 4:46 pm

Waz, why do you think that I believe I made a mistake! I didn't, I voted leave knowing full well that the economy would dip and not stabalise for a couple of years till we finally leave this corrupt mess that is the EU. I am not glossing over anything but I have hope and determination which you and the remain camp seem to have lost The electorate has voted and made their choice. move on.

David · Post by **David** » Fri 01 Jul 2016 5:12 pm

mickhm
Here Here ...... i voted to leave and am very glad i that i did its the only way forward.

elizabeth · Post by **elizabeth** » Fri 01 Jul 2016 5:34 pm

I think it's quite arrogant to assume that peope who voted to leave how no idea what they were voting for, as if we went Eeney Meeney Miney Mo, or that unless we have run a business we have no idea of what we voted for. People from all walks of life voted to leave, 17 million of them in fact, Doctors, teachers, managers, all sorts of people, all of whom listened, investigated and then made their decision just as the remain camp did.
Nobody expects it to be all plain sailing but for goodness sake stop talking the country down and have the self confidence that we can make this country one to be proud of again.
The vote has been cast so please, accept it and look forward, all the whinging in the world will not alter anything

David · Post by **David** » Fri 01 Jul 2016 5:37 pm

And dont forget a lot of young people voted to leave as well.

PoshinDevon · Post by **PoshinDevon** » Fri 01 Jul 2016 7:08 pm

waz-24-7 wrote:
David wrote:Waz
You wait until Theresa May gets in at least she will put Britain first, a great bed fellow for the leave voters.
Comforting thought but can she keep us in Europe as everybody now seems to agree upon except of course Mr Farage and the ultra right wing.

BREXIT has caused irreparable damage to the UK economy as predicted.
Please
Stop glossing over it in desperate hope that the REMAIN prophecy was wrong.
Too many people of substance made the case and too many refused or were unable to read the writing on the wall.
Now we ALL suffer.

The decision of 17M voters to leave the EU has not caused irreparable damage.
Despite what you may think we are not all suffering.

It really is time to move on, some people got the decision they wanted and some people did not......the democratic will of the people decided that the UK will, leave the EU. Time to accept the result.

When we vote in general elections we may not get the result we wanted, but we the british people carry on.....we will survive no problem ......as they say in Cyprus.

Munchkin · Post by **Munchkin** » Fri 01 Jul 2016 8:50 pm

Secret meetings in Brussels? -

lee666 · Post by **lee666** » Sat 02 Jul 2016 11:20 am

Very interesting Waz !!

https://heatst.com/uk/us-uk-trade-bill- ... exit-vote/

Keithcaley · Post by **Keithcaley** » Sat 02 Jul 2016 12:16 pm

...And, while you're all debating who voted for what....

You might like to consider that in the Austrian Presidential election, The 'Kronen Zeitung' reported some election irregularities such as a 146.9% turnout in Waidhofen an der Ybbs and another impossible result in Linz. (source: Wikipedia).

At least we haven't had that to cope with

PapaBravo · Post by **PapaBravo** » Sat 02 Jul 2016 12:56 pm

waz wrote

Comforting thought but can she keep us in Europe as everybody now seems to agree upon except of course Mr Farage and the ultra right wing.

"everybody now seems to agree", where is your evidence for this?

waz-24-7 · Post by **waz-24-7** » Sat 02 Jul 2016 1:18 pm

PapaBravo wrote:waz wrote
Comforting thought but can she keep us in Europe as everybody now seems to agree upon except of course Mr Farage and the ultra right wing.

"everybody now seems to agree", where is your evidence for this?

I think Mr Farages view of the UK is generally accepted as being fat too right wing. just ask most reasonable and rational people.
Even now only a week after BREXIT we have seen a large increase in racial hatred and hate attacks on ethnic minorities. There appears to be no exclusions to targets. Anyone who is not white British is viewed a target.
BREXTI won so" get out of the UK" appears the slogan.
I am certain most BREXIT votes do not condone this but the ultra right wing take the view that they now have open mandate given the STOP immigration ticket BREXIT so carelessly sold.

kaiserphil · Post by **kaiserphil** » Sat 02 Jul 2016 2:20 pm

Waz said:

"Comforting thought but can she keep us in Europe as everybody now seems to agree upon except of course Mr Farage and the ultra right wing."

If that were true, what would be the point of any referendum?

And who is "everybody"?

waddo · Post by **waddo** » Sat 02 Jul 2016 6:07 pm

Everybody is saying the same things here - we won, you lost, get behind it, move on, renounce-british-nationality, etc, etc. I voted remain, so what?

Time to stop scratching your respective itches!!!!!!! Only time will tell who was right and who was wrong - just leave it alone and get on with life!!!

The whole thing has become tedious, the papers and the news are full of nothing else but "What If's" and gloom and doom - mind you that is how they sell papers, nobody ever buys a newspaper that is full of Good News do they?

tomsteel · Post by **tomsteel** » Sat 02 Jul 2016 6:11 pm

waz, given your right to express an opinion, I will exercise mine. What is it you do not understand about a majority rule decision because you do not happen to share their view? If you are so incensed the majority chose to leave the EU, emigrate to an EU supported state. Stop whinging. I play a lot of sport, and whilst I disagree with some rules, I adhere - else I will be punished or not play. Democracy has the same condition.

PoshinDevon · Post by **PoshinDevon** » Sat 02 Jul 2016 6:12 pm

A few posts have recently been deleted as they contravene forum rules. Specifically - Politeness, as detailed below. Appreciate members have strong points of view on the EU referendum, however please consider carefully what you post.

Be Polite Rudeness will not be tolerated.

You may challenge others' points of view and
opinions, but do so respectfully and thoughtfully without insult and personal attack. Any
member being intentionally unpleasant or disruptive will be banned without warning.

waz-24-7 · Post by **waz-24-7** » Sat 02 Jul 2016 6:19 pm

lee666 wrote:Very interesting Waz !!

https://heatst.com/uk/us-uk-trade-bill- ... exit-vote/

That is indeed some good news.
Within 1 year is not quite so good as the EU currently holds the deal and will capitalise on that distinct advantage.

EXAMPLE
Hello Mr America sorry to report the UK no longer part of our club. We do have other suppliers of product XXX that was from the UK. These businesses are in our club in SPAIN GERMANY or FRANCE, all are good strong suppliers here are their details. xxxx We can facilitate business with you straight away. An EU trade mission is due within a week to assist you cover the holes left by UK BREXIT.

Hello Mr America we have really enjoyed our trade the last 40 years but we have voted to do somethin rather silly. Very sorry about this. We hope to be able to re commence trade with you in a years time. Please please wait for us to get back on our feet.

An understanding of economics and trade and how the world functions is so important. I think a lot of people failed to do their research.

turtle · Post by **turtle** » Sat 02 Jul 2016 6:31 pm

My guess is the Brexit will hit Waz in his back pocket and that is the only reason he is bleating.......constantly.

waz-24-7 · Post by **waz-24-7** » Sat 02 Jul 2016 6:35 pm

tomsteel wrote:waz, given your right to express an opinion, I will exercise mine. What is it you do not understand about a majority rule decision because you do not happen to share their view? If you are so incensed the majority chose to leave the EU, emigrate to an EU supported state. Stop whinging. I play a lot of sport, and whilst I disagree with some rules, I adhere - else I will be punished or not play. Democracy has the same condition.

tomsteel.
For the avoidance of doubt I have never said that I do not accept the result of BREXIT. That does NOT mean I must agree with BREXIT.
16 million people share that view so I ask that you accept that view also.

The debate now is upon the aftermath and how the UK moves forward from BREXIT.
I suspect that many voters will not give the future even a second thought having voted BREXIT.
The experts and leaders etc predicted a decline and loss within the UK economy. BREXIT voters ignored this advice. BREXIT told us it was all scaremongering.
First indication are that the experts were right tho it will take until Christmas to determine the factual loss.
If growth goes negative for the next 3 quarters we will be in another recession. I currently see this happening unless the UK strikes a deal upon access to the single market.
The new PM and possible new government will . I hope, drive a forthcoming deal. Some people will have an interest many will not

waz-24-7 · Post by **waz-24-7** » Sat 02 Jul 2016 6:40 pm

turtle wrote:My guess is the Brexit will hit Waz in his back pocket and that is the only reason he is bleating.......constantly.

Turtle,
Perhaps you would like to expand upon that?
Will it hit other UK citizens or am I alone in this back pocket tragedy that you appear to acknowledge.

waz-24-7 · Post by **waz-24-7** » Sat 02 Jul 2016 6:47 pm

turtle wrote:My guess is the Brexit will hit Waz in his back pocket and that is the only reason he is bleating.......constantly.

Ouch!! to me and to UK trade too.
Possibly you to Turtle.

tomsteel · Post by **tomsteel** » Sat 02 Jul 2016 7:02 pm

Why are you constantly pontificating on what might be, how future leaders may react? Let the future take its course. You'll put yourself into an early grave with the 'what ifs, may be, could be etc.' Enjoy life in the TRNC, the sun, locals hospitality, quirks et al.

mickhm · Post by **mickhm** » Sat 02 Jul 2016 7:06 pm

Waz welcome back you have been missed on your postings today. I presumed that you were in London with the other malcontents demonstrating against a lawful vote.

waz-24-7 · Post by **waz-24-7** » Sat 02 Jul 2016 7:20 pm

Some quite empty posts very recently. No real or useful content
The debate has moved on to post BREXIT.

New topic has therefore now started.

Anyone interested in post BREXIT can join or not

waz-24-7 · Post by **waz-24-7** » Sat 02 Jul 2016 7:43 pm

mickhm wrote:Waz welcome back you have been missed on your postings today. I presumed that you were in London with the other malcontents demonstrating against a lawful vote.

Thank you,
I just looked up the said demonstration on google.
Wow!!
Looks like a big turnout
Do not forget 16 million people still want to remain in Europe.
This strong democratic voice is not going to roll over.
I wonder when the BREXIT victory march will take place.

BREXIT all a bit hollow this week in my opinion.

David · Post by **David** » Sat 02 Jul 2016 9:24 pm

Waz
You are looking like a very sad person indeed, sounds like its eating you up.

PapaBravo · Post by **PapaBravo** » Sat 02 Jul 2016 9:42 pm

waz wrote:

Do not forget 16 million people still want to remain in Europe.

What about the 17 million who do not?

I think Mr Farages view of the UK is generally accepted as being fat too right wing. just ask most reasonable and rational people.
Even now only a week after BREXIT we have seen a large increase in racial hatred and hate attacks on ethnic minorities. There appears to be no exclusions to targets. Anyone who is not white British is viewed a target.
BREXTI won so" get out of the UK" appears the slogan.
I am certain most BREXIT votes do not condone this but the ultra right wing take the view that they now have open mandate given the STOP immigration ticket BREXIT so carelessly sold.

Where to start?

I think Mr Farages view of the UK is generally accepted as being fat too right wing. just ask most reasonable and rational people.

That is a subjective view, and implies that I am neither reasonable nor rational.

Even now only a week after BREXIT we have seen a large increase in racial hatred and hate attacks on ethnic minorities. There appears to be no exclusions to targets. Anyone who is not white British is viewed a target.

Where do you read this nonsense? There were a few incidents post Brexit, but hardly on the scale you imply.

BREXTI won so" get out of the UK" appears the slogan.

The slogan for whom - the undemocratic malcontents, and where is it being displayed?

the ultra right wing take the view that they now have open mandate given the STOP immigration ticket BREXIT

I think I understand what you are trying to say here, but exactly who comprises this 'ultra right wing'? Those who had the temerity to vote for Brexit?

waz-24-7 · Post by **waz-24-7** » Sat 02 Jul 2016 10:06 pm

Papa Bravo
Of course the 17 million plus that Voted BREXIT have good reason to be heard. My opinion is that many of these voters have now returned to the hum drum of life and will show little interest in the developments within the UK in coming months. The 16 million who voted remain are likely to make more of a song and dance as seen in London today. The future is not set in stone and the coming months will clearly see quite drastic changes within the UK and Europe.

"Most reasonable and rational". Quite clearly you may be one of the exceptions.

Racial hatred. 58% increase in reported racial hatred attacks in Birmingham alone this week. Not a few I think. The ultra right wing has taken the opportunity to promote ethnic cleansing within the UK. The matter has been discussed in parliament and rightly condemned. A much bigger problem than you think.

The slogan "get out of the UK" is term banded by many far right gangs that are reported on the TV. Look on You tube for the evidence please.
This racial tension was indeed forecast by several commentators and discussed at length in the pre BREXIT debates. many clearly failed to see this issue as an important negative consequence of BREXIT.

The BNP are an Ultra right wing organisation that want to see ALL immigrants sent home. BREXIT is a small step in that direction.

mickhm · Post by **mickhm** » Sat 02 Jul 2016 10:38 pm

Thank you,
I just looked up the said demonstration on google.
Wow!!
Looks like a big turnout
Do not forget 16 million people still want to remain in Europe.
This strong democratic voice is not going to roll over.
I wonder when the BREXIT victory march will take place.

BREXIT all a bit hollow this week in my opinion.

waz-24-7
Junior
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Waz the leave side do not need to demonstrate. Unlike the remain they have accepted the democratic vote of the people All the leave side are waiting for is our elected clowns to decide who will be negotiating the exit from the EU. Simple. We know it is decided but I will bet there will be no victory march from any leave voter apart from the few bigots that any campaign like this attracts. Which begs the question why so many remain supporters protesting about the democratic outcome?

waz-24-7 · Post by **waz-24-7** » Sat 02 Jul 2016 10:49 pm

I do not think The BREXIT supporters will ever be seen on the streets with Mr Farage and Mr Johnson at the head with a flag of independence.
Why?

My opinion is that the vast majority of BREXIT supporters bought the STOP immigration ticket and failed to see the BREXIT consequences.
Possibly it was the l abysmal level of campaigning from both sides.
Whatever, I see a sombre mood still in the UK. Certainly most have returned to the Hum Drum of daily life. Many are fearful of the clear signs for recession, lack of political stability, threat to the very breakup of the UK.
I do sense a rather hollow victory so no demonstration or victory parade.

lee666 · Post by **lee666** » Sat 02 Jul 2016 11:44 pm

Just for Waz to brighten up his day !!

LONDON (Reuters) - Around 20 startup banks and financial firms have reaffirmed plans to invest a total of up to 500 million pounds to open in Britain, consulting firm PwC said on Friday.
These investment plans will be a boost for Britain's financial services sector, beset by rumours of job cuts and firms moving overseas in the aftermath of Britain's vote to leave the European Union and potentially surrender some of its access to EU markets.
The banks are a mixture of UK, European, and non-EU businesses and have already committed 200 million pounds, PwC said, with total funding of up to half a billion pounds featured in their business plans.
Stephen Morse, financial services partner at PwC, said the around 20 clients investing in Britain were not only mainstream banks, mortgage lenders and asset managers.
"There are a range of new technology-enabled banks, fintech businesses, commercial banks and even niche investment banks who have identified gaps in the market in part caused by big global banks having pulled out of some businesses over the past few years," he said.
Since the Brexit vote last week, banks, including Goldman Sachs (N:GS) and Morgan Stanley (N:MS), have denied rumours they are already moving thousands of jobs out of Britain as a result of the referendum.

Groucho · Post by **Groucho** » Sun 03 Jul 2016 9:03 am

waz-24-7 wrote:...Whatever, I see a sombre mood still in the UK. Certainly most have returned to the Hum Drum of daily life. Many are fearful of the clear signs for recession, lack of political stability, threat to the very breakup of the UK.
I do sense a rather hollow victory so no demonstration or victory parade.

Clear signs for recession:- FTSE 100 leaps to HIGHEST level since 2011 just a week after EU referendum? Is that it?

We don't need to demonstrate - that's for malcontents.

We don't need a victory parade - why rub your nose in it? We are bigger than that... shame the same can not be said of the losers.

Everyone knew there would be a run on the pound - because it always happens when change is coming - and that's because the money men (spivs, wheeler-dealers et al) always find a way to profit from every changing situation... Often using other people's money to gamble with...

You go off in your sombre mood if you must but please don't depress the rest of us with your doom and gloom...

PapaBravo · Post by **PapaBravo** » Sun 03 Jul 2016 9:59 am

Just a word about the 'plunging' £. It was generally regarded pre-Brexit, to be overvalued by around 12%. A drop of 7% is therefore, no great cause for concern. Worth remembering too, that a fall in Sterling is a double-edged sword; there are winners and losers.

PapaBravo · Post by **PapaBravo** » Sun 03 Jul 2016 10:08 am

Sorry waz, this is nonsense:

Racial hatred. 58% increase in reported racial hatred attacks in Birmingham alone this week. Not a few I think. The ultra right wing has taken the opportunity to promote ethnic cleansing within the UK.

You are too selective in you examples. A 58% increase in Birmingham - from what level? Remember, if we had one incident last week, and 2 this week, that is a 100% increase.

And, just how big is this 'ultra right wing' you keep referring to, and what evidence can you offer to back up your claim that they have , "taken the opportunity to promote ethnic cleansing within the UK". Solid evidence please of a mass movement, not anecdotal heresay.

waz-24-7 · Post by **waz-24-7** » Sun 03 Jul 2016 10:29 am

PapaBravo wrote:Sorry waz, this is nonsense:
Racial hatred. 58% increase in reported racial hatred attacks in Birmingham alone this week. Not a few I think. The ultra right wing has taken the opportunity to promote ethnic cleansing within the UK.
You are too selective in you examples. A 58% increase in Birmingham - from what level? Remember, if we had one incident last week, and 2 this week, that is a 100% increase.

And, just how big is this 'ultra right wing' you keep referring to, and what evidence can you offer to back up your claim that they have , "taken the opportunity to promote ethnic cleansing within the UK". Solid evidence please of a mass movement, not anecdotal heresay.

PB
Are you suggesting there is no reaction to immigrants after BREXIT? OR less than I have indicated. Fact is, whatever, there is an increase in racial hatred.
Sunday morning Live ...on the box right now is on the debate.

The views and aims of the ultra right wing factions such as BNP are clear. You may like to google it for more detailed information.
Certainly the opportunity is being ceased by this minority to expand , increase influence and meet their goals.
BREXIT has NOT helped in this.

waz-24-7 · Post by **waz-24-7** » Sun 03 Jul 2016 10:35 am

PapaBravo wrote:Just a word about the 'plunging' £. It was generally regarded pre-Brexit, to be overvalued by around 12%. A drop of 7% is therefore, no great cause for concern. Worth remembering too, that a fall in Sterling is a double-edged sword; there are winners and losers.

PB said "No great cause for concern"
7% is cause for concern. sterling is in fact down 13%
Everything therefore purchased in currency rather than Sterling is now 7% more expensive.
OIL, CARS, FURNITURE...just about every thing.
Essentially your £1 is now worth 90 pence. base on 10%
The cost to the British consumer is that their income has effectively declined by 10% within a week.

Sorry I and most will see that as a cause for concern.

PapaBravo · Post by **PapaBravo** » Sun 03 Jul 2016 10:50 am

waz, as usual you are so selective in what you respond to.

Also, I am not sure where you get your 13% from. I suspect you are using the top of the £/$ spike just pre-Brexit to its lowest point during the turmoil that followed. Here is a quote from a financial journal on 30 June:

The British pound fell Thursday, capping its worst quarterly performance since the financial crisis, after Bank of England Governor Mark Carney said the central bank would likely need to further ease monetary policy this summer.

Carney’s remarks sent the currency spiraling lower, pushing it to a 7.9% quarterly decline—larger than a 6.6% drop in the opening three months of 2013, but far smaller than the 19.3% drop seen in the final quarter of 2008.

You also never acknowledge that the lower £ is helping our exporters.

Please do not bother to post another one of your 'cut and paste' responses forecasting the end of the UK as we know it. Goodbye

woodspeckie · Post by **woodspeckie** » Sun 03 Jul 2016 10:58 am

Sunday morning live ? A hand picked audience by the BBC says it all. You think that is a debate?

David · Post by **David** » Sun 03 Jul 2016 11:11 am

Not seen it but could you take a hand picked audience by the BBC as anything other than what the BBC want you to believe, just my opinion but seems to me that the beeb now stands for the Biased Broadcasting Company.

waz-24-7 · Post by **waz-24-7** » Sun 03 Jul 2016 11:31 am

woodspeckie wrote:Sunday morning live ? A hand picked audience by the BBC says it all. You think that is a debate?

Sorry
But what sort of response can I make?
Its a BBC debate take it OR indeed leave it.

Not sure what you point is please.

waz-24-7 · Post by **waz-24-7** » Sun 03 Jul 2016 11:39 am

PapaBravo wrote:waz, as usual you are so selective in what you respond to.

Also, I am not sure where you get your 13% from. I suspect you are using the top of the £/$ spike just pre-Brexit to its lowest point during the turmoil that followed. Here is a quote from a financial journal on 30 June:

The British pound fell Thursday, capping its worst quarterly performance since the financial crisis, after Bank of England Governor Mark Carney said the central bank would likely need to further ease monetary policy this summer.

Carney’s remarks sent the currency spiraling lower, pushing it to a 7.9% quarterly decline—larger than a 6.6% drop in the opening three months of 2013, but far smaller than the 19.3% drop seen in the final quarter of 2008.
You also never acknowledge that the lower £ is helping our exporters.

Please do not bother to post another one of your 'cut and paste' responses forecasting the end of the UK as we know it. Goodbye

PB
7.9% over the quarter is Mr Carney's correct figure.
My comparison is mere appropriate given effect of BREXIT.
last week 1.5 Friday 1.32

Yes £ is assisting export. However a weak currency associated particularly with a currency collapse is not good for the economy in longer term strategy.
A further drop in interest rates is now possible to maintain inflationary pressures.
You are now picking on pedantic items rather then focusing on the bigger picture and immediate issues.
Is you goal just to convince yourself that you are right?
I am only offering a view based upon what I see within the Markets and what is being reported as well as speaking to people here in the UK every day.

Hedge-fund · Post by **Hedge-fund** » Sun 03 Jul 2016 11:41 am

Central Banks have been playing currency wars for years and a weakening of the pound is great for UK Plc. I see the doom-mongers have stopped talking about the FTSE as a barometer!!

I really must stop reading the drivel about doom and gloom. If you want to trade the markets please do but every call the "experts" have made has been wrong because if they could trade they would and wouldn't be forced to merely write about it. If you are bearish the UK economy then please put your money where your mouth is and trade against it. You will lose every penny you are prepared to risk.

The UK has voted to free itself. Those talking down the UK are free to take whatever action they please to remain in the EU - to be fair the EU won't last the next 3 years anyway!

waz-24-7 · Post by **waz-24-7** » Sun 03 Jul 2016 11:55 am

Hedge-fund wrote:Central Banks have been playing currency wars for years and a weakening of the pound is great for UK Plc. I see the doom-mongers have stopped talking about the FTSE as a barometer!!

I really must stop reading the drivel about doom and gloom. If you want to trade the markets please do but every call the "experts" have made has been wrong because if they could trade they would and wouldn't be forced to merely write about it. If you are bearish the UK economy then please put your money where your mouth is and trade against it. You will lose every penny you are prepared to risk.

The UK has voted to free itself. Those talking down the UK are free to take whatever action they please to remain in the EU - to be fair the EU won't last the next 3 years anyway!

I will happily put a bet on your 3 year prediction for the demise of the EU. I see it lasting out into the future, reformed, secure and stronger.
On currency
Normal currency fluctuations are quite normal; you are correct. A collapse as we have seen last few days and then a weak currency is NOT good for any economy. Inflationary pressure will soon come to bare on the Economy.

As Lee quoted earlier ( guardian article). The Markets have reacted to the potential delay in article 50 submission. This is good news but please do not think for a moment that the Markets have suddenly thought that BREXIT is good for the UK.

elizabeth · Post by **elizabeth** » Sun 03 Jul 2016 11:59 am

David · Post by **David** » Sun 03 Jul 2016 12:06 pm

Waz
Its hardly a "collapse" is it, surely a collapse would be nearer a 20-30% fall .. are you scaremongering again ?

Geoff1131 · Post by **Geoff1131** » Sun 03 Jul 2016 12:08 pm

wazzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz... .sorry I must have nodded off!!!!!!

Hedge-fund · Post by **Hedge-fund** » Sun 03 Jul 2016 12:17 pm

waz-24-7 wrote:
Hedge-fund wrote:Central Banks have been playing currency wars for years and a weakening of the pound is great for UK Plc. I see the doom-mongers have stopped talking about the FTSE as a barometer!!

I really must stop reading the drivel about doom and gloom. If you want to trade the markets please do but every call the "experts" have made has been wrong because if they could trade they would and wouldn't be forced to merely write about it. If you are bearish the UK economy then please put your money where your mouth is and trade against it. You will lose every penny you are prepared to risk.

The UK has voted to free itself. Those talking down the UK are free to take whatever action they please to remain in the EU - to be fair the EU won't last the next 3 years anyway!

I will happily put a bet on your 3 year prediction for the demise of the EU. I see it lasting out into the future, reformed, secure and stronger.
On currency
Normal currency fluctuations are quite normal; you are correct. A collapse as we have seen last few days and then a weak currency is NOT good for any economy. Inflationary pressure will soon come to bare on the Economy.

As Lee quoted earlier ( guardian article). The Markets have reacted to the potential delay in article 50 submission. This is good news but please do not think for a moment that the Markets have suddenly thought that BREXIT is good for the UK.

Great - money where your mouth is time. I trade these markets, there is no collapse and (welcome and mandated) inflation may arise if the BoE expand QE to support the banks & housing market.

Shall we say a £1000 bet that the EU will not exist in its present form exactly 3 years from today? Money goes to Tulips.

Do we have a bet instead of pointless pontification?

waz-24-7 · Post by **waz-24-7** » Sun 03 Jul 2016 1:04 pm

If there is a member of tulips out there in the debate
Please would you note the gesture and at the time please contact both parties to claim £1000 of funding.

In 3 years
The EU will have disbanded and not exist OR the EU will remain in existence.

I think both parties need to define exactly what the bet is as I am pretty certain its not what is stated above.

Unfortunately as per this topic and others around the EU referendum that are on this forum, agreement is probably unlikely.

Hedge-fund · Post by **Hedge-fund** » Sun 03 Jul 2016 1:21 pm

waz-24-7 wrote:If there is a member of tulips out there in the debate
Please would you note the gesture and at the time please contact both parties to claim £1000 of funding.

In 3 years
The EU will have disbanded and not exist OR the EU will remain in existence.

Nice try << text removed - please follow forum rules >>.

The bet is that the EU will not exist in its present form in 3 years (not including UK obviously) Brexit will encourage other countries to follow or will force other counties out due to debt problems.

There will always be a rump of European counties who want to integrate and call themselves EU - but you know that and will want to bet on a sure thing.

The unknown is whether anyone will follow the UK - are you willing to bet?

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