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Post by captainconfident on Dec 7, 2020 10:36:50 GMT
Sterling down over 2 cents Markets less optimistic about a deal If we do end up leaving with no deal it will be one of the most egregious political failures in the UK's history. No, it's brilliant - the pound crashing against the Euro where we send 40% of our exports will make British export products cheaper. So when the tariff is added on, they are still competitive! These politicians who can't compromise on these seemingly simple to solve questions can't see the bigger picture because they are not involved in business or trade. They have not tried working with business leaders on Brexit because then they would have had to face reality, rather than the doctrinal purity of the Brexit that they say they that we the public have asked for.
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r00lish67
Member of DD Central
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Post by r00lish67 on Dec 7, 2020 10:45:42 GMT
Sterling down over 2 cents Markets less optimistic about a deal If we do end up leaving with no deal it will be one of the most egregious political failures in the UK's history. It certainly feels less likely, if perhaps still more likely than not. Frankly, I think Boris is in for a very rough January either way. I hope for a twist or two more in the tale, as I'd still like to offload more Sterling.
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Post by Deleted on Dec 7, 2020 11:13:10 GMT
No, it's brilliant - the pound crashing against the Euro where we send 40% of our exports will make British export products cheaper. So when the tariff is added on, they are still competitive! Oh well, for a nation that can't even feed itself, a crashing currency and consequent food import price inflation could be 'interesting'. But hey, as the Brexiteers on here love to remind us, the 1950s were a great time! Food rationing ftw! We want ration books, preferably blue ones please. After all, a currency turning to toilet paper is a key indicator of a powerful nation taking back control
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mrk
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Post by mrk on Dec 7, 2020 11:19:40 GMT
To give a sense of my confidence in the UK economy going forward, I recently noticed that my Vanguard LifeStrategy fund has a 22% of the portfolio allocation in the UK, promptly sold it and invested in the Developed World ex-U.K fund instead.
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Post by captainconfident on Dec 7, 2020 11:26:53 GMT
To give a sense of my confidence in the UK economy going forward, I recently noticed that my Vanguard LifeStrategy fund has a 22% of the portfolio allocation in the UK, promptly sold it and invested in the Developed World ex-U.K fund instead. I imagine JAcob Rees Mogg is happy with the £ tanking, stacking up a fortune in those transfers into Euros made by his fund. I expect the financial advisors of all these politicians have insulated their portfolios by buying foreign assets. My work involves in part funding purchases form EU companies and being paid in £, so these are difficult times. Blood appears under my fingernails if I have to make a purchase of euros at under 1.10. TOday is one such bloody day. Still, the Pound in your pocket is still worth the same today, until the inflation surge devalues it further. Hate to be the chancellor sitting on that debt pile in those circumstances. But this is all just Project Fear, you know.
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james100
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Post by james100 on Dec 7, 2020 11:46:22 GMT
To give a sense of my confidence in the UK economy going forward, I recently noticed that my Vanguard LifeStrategy fund has a 22% of the portfolio allocation in the UK, promptly sold it and invested in the Developed World ex-U.K fund instead. I imagine JAcob Rees Mogg is happy with the £ tanking, stacking up a fortune in those transfers into Euros made by his fund. I expect the financial advisors of all these politicians have insulated their portfolios by buying foreign assets. My work involves in part funding purchases form EU companies and being paid in £, so these are difficult times. Blood appears under my fingernails if I have to make a purchase of euros at under 1.10. TOday is one such bloody day. Still, the Pound in your pocket is still worth the same today, until the inflation surge devalues it further. Hate to be the chancellor sitting on that debt pile in those circumstances. But this is all just Project Fear, you know. I think we'll find he's made an absolute killing out of this too...
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mrk
Posts: 807
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Post by mrk on Dec 7, 2020 13:21:52 GMT
"Gove heads to Brussels to thrash out deal on post-Brexit Northern Ireland checks" is the top headline in The Guardian. "EU must make 'small but significant concessions' to reach deal" in The Telegraph. Meanwhile, in Le Monde I had to scroll down several times to find it mentioned after some news about Venezuela and Romania. That clearly shows how "they need us more than we need them".
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james100
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Post by james100 on Dec 7, 2020 13:50:16 GMT
Pie time.
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Post by captainconfident on Dec 7, 2020 16:44:21 GMT
I was going to give the post above a Like but I played the vid and I didn't like it.
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Post by bracknellboy on Dec 7, 2020 17:01:44 GMT
I was going to give the post above a Like but I played the vid and I didn't like it. what a complete t*t he is
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registerme
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Post by registerme on Dec 7, 2020 17:04:12 GMT
what a complete t*t he is Apparently he's just suggested that he might be willing to not break international law. Proud to be British I am. /s
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adrianc
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Post by adrianc on Dec 7, 2020 22:53:00 GMT
Was that where he hid in the fridge?
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r00lish67
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Post by r00lish67 on Dec 20, 2020 12:44:25 GMT
So depending on any emerging news, then I guess tomorrow or at least shortly we could soon see the effect on the £ of the more virulent COVID strain and No-Deal Brexit at the same time.
Does anyone know how to buy Bitcoin round here?
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Post by captainconfident on Dec 21, 2020 10:50:41 GMT
Forget the Euros or dollars, those who wanted it will soon get the whiff of empire they were so yearning for, as we look for countries who have something on sale that we can still afford.
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