Brexit and Financial Markets

Chorley1974 said:
lol are you a troll/wum? Is the economy in dire straits? What do you mean by the economy beginning to tank? The £ has ditched but it's not like we haven't had adverse rates in the last 50 yrs, the currency markets like the stock markets are likely to bounce.

You know feck all about immigration if you think once brexit it won't change.
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Are you completely oblivious to the outside world?
Why do you keep defending Brexit, when you say you voted Remain -why is it that I don't believe you
I didn't say beginning to tank, I said continues to tank and it will.
The pound has lost 23% against the Euro which according to Brexiters is so weak, please notice that it's because of Brexit and the fears leading up to it over the past 9 months, not for other reasons
If the pound reaches parity or worse will you still say it's about fluctuations of markets, how many more excuses do you want to give to Brexit for someone who supposedly voted Remain, I think you're the wum
Clearly you know absolutely zero about immigration as people have pointed out to you throughout this and the previous threads
 
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Bastard. I was looking at Redrow shares early this morning with a view to buying them today. Following the Leadsom announcement, all of the housebuilders have surged by 5-8% and Redrow shares are up 7%. Could have made a nice, quick buck there.
 
Daily Mail Reader

You remainers just don't get it. This vote was never about money, jobs, the NHS or whatever. It was about getting our country back. I think I can speak for all brexiters when I say we would gladly give up our healthcare, all our life savings and our homes and leave homeless on the streets as long as Britain was Britain again. In fact take the NHS I have never used it so I don't care. Britain for the British!
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GloryHunter07 said:
Im not straw grabbing, i voted remain. I was just pointing out that some businesses will be happy with the weak sterling, if nothing else.

Everyone is so jumpy in his thread.
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everyone is jumpy in general on this matter. I went camping this weekend with some friends who were still so angry over the result and were quite vocal against "those idiotic *****" who voted to leave. My wife was literally too scared to say she voted out in case it resulted in an argument so she lied to say she voted in too of course. Sad that it's come to it really.
 
The pound will most likely take a hit when act 50 is activated & in 2 years when we actually leave.
Then it'll take another hit when Scotland leave the UK which i wouldn't bet against.
 
Rado_N said:
It's not my area of expertise so I can't remember the specifics, but being part of the EU makes VAT much more simple for imports and exports within the bloc. Companies importing from the EU won't be able to reclaim the input tax, making their cost of sales a lot higher.
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More simple is about it, the same process occurs outside of the EU on imports/exports there is just more paperwork to do.
 
We need an rvn said:
everyone is jumpy in general on this matter. I went camping this weekend with some friends who were still so angry over the result and were quite vocal against "those idiotic *****" who voted to leave. My wife was literally too scared to say she voted out in case it resulted in an argument so she lied to say she voted in too of course. Sad that it's come to it really.
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Yeah this is the most polaising political issue ive ever come across in the UK.
 
Tomorrow might be a good time to buy currency if you need it shortly, enjoy the little bounce before Carney cuts rates
 
The starkness of the currency effect.

Bespoke ‏@bespokeinvest 4h4 hours ago
"UK weathered Brexit well; FTSE up 6.5% YTD" "Brexit hurt UK with FTSE (USD) 100 down 6.5% YTD"

CnFiehSXEAAkjVM.jpg
 
devilish said:
I think that the EU was very clear on the point that no freedom of movement = no British access to the single market. It can't afford having countries cherry picking which deals it want
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So are you saying that the EU will trade with many other countries across the world without freedom of movement but it will only trade with us if we allow freedom of movement?
 
Red Defence said:
So are you saying that the EU will trade with many other countries across the world without freedom of movement but it will only trade with us if we allow freedom of movement?
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It will trade with you. If you are willing to pay high tariffs which will have a great impact on your economy. Its naive from the Brexiters to expect a better deal with the EU then what you already have and it would be suicidal for the EU to offer you that.

Surely you don't want the dirty trade money of those whom you're so determined to keep out from your lands don't you?
 
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devilish said:
It will trade with you. If you are willing to pay high tariffs which will have a great impact on your economy. Don't expect a better deal with the EU then what you are. It would be stupid for the EU to do so else everyone would just pack and leave the EU and expect such better deal.
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So the EU are likely to have to pay higher tariffs to trade with us then?
 
Red Defence said:
So the EU are likely to have to pay higher tariffs to trade with us then?
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The EU will make sure to give you a deal which is far worse than what you have now. However that shouldn't worry you too much. Surely you don't want the dirty trade money of those whom you're so determined to keep out from your lands don't you?
 
The population of the UK is about 65 million. Of the EU about 500 million, I think. Simple numbers say who would hold the best cards.
 
jackofalltrades said:
The population of the UK is about 65 million. Of the EU about 500 million, I think. Simple numbers say who would hold the best cards.
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not to forget whose literally begging for preliminary talks and whose currently refusing them
 
devilish said:
The EU will make sure to give you a deal which is far worse than what you have now. However that shouldn't worry you too much. Surely you don't want the dirty trade money of those whom you're so determined to keep out from your lands don't you?
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Well as we take more trade from them than they take from us they'd do well to give a fair deal wouldn't you say.
 
Red Defence said:
Well as we take more trade from them than they take from us they'd do well to give a fair deal wouldn't you say.
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If they lose their trade but nick your financial services it would be worth the hassle
 
Red Defence said:
Spain won't agree if it's stuck with millions of tons of rotting fruit. Not with unemployment already at 25% and probably on the increase as we speak.
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Not sure if food is the best example you could've picked. It's not like we're going to give up tomatoes. Some EU manufacturers would obviously lose out but it won't be the farmers.
 
Red Defence said:
Spain won't agree if it's stuck with millions of tons of rotting fruit. Not with unemployment already at 25% and probably on the increase as we speak.
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Spain wont agree to anything that appears to be a better deal than the corrupt Rajoy has enforced on his own people. Sooner he's gone the better.
 
Red Defence said:
Spain won't agree if it's stuck with millions of tons of rotting fruit. Not with unemployment already at 25% and probably on the increase as we speak.
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Each and every EU must agree with the deal offered which makes the deal pretty complex, especially considering that the likes of Farage had made sure to insult and burn bridges with a reasonable chunk of Europe. Also those financial services are quite mouth watering and many countries would just love a piece of the cake.

The EU is very close to sign a trade deal with Canada and the US which hopefully will bring alot of $$$ to the EU. The UK can try the same however economy of scale will make it very difficult for the UK to gain a fair deal. For example Switzerland had to agree to give immediate access to the Chinese while the latter can block the Swiss from accessing their market in key areas for the next 10-15 years. That's the price you pay for being small
 
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devilish said:
Each and every EU must agree with the deal offered which makes the deal pretty complex, especially considering that the likes of Farage had made sure to insult and burn bridges with a reasonable chunk of Europe. Also those financial services are quite mouth watering and many countries would just love a piece of the cake.

The EU is very close to sign a trade deal with Canada and the US. Don't worry someone will by the fruit before it rots
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Most of them won't get a piece of the cake though, it'll be limited to just a few. Then again if the Euro collapses in a couple of years Europe might not be a good place to be.

Are you talking about TTIP regarding the US and Canada, because if you are it's probably not that close.
 
Red Defence said:
Most of them won't get a piece of the cake though, it'll be limited to just a few. Then again if the Euro collapses in a couple of years Europe might not be a good place to be.

Are you talking about TTIP regarding the US and Canada, because if you are it's probably not that close.
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Those who will, will grow richer, they will spend more and they will attract immigration, which in turn will create businesses and provide more jobs. Thank god xenophobia is a plague that not every European country suffers so much from. According to Freeland, the deal is pretty close and should be ratified in 2017.

The Euro is a problem. However after Brexit I can see Brussels taking that in account and push for the necessary reforms

The UK has always banked on a fragmented and weak Europe to prosper. Brexit is yet another gamble. If the EU succumbs the UK will prosper. If the EU survives and prosper.....
 
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devilish said:
Those who will, will grow richer, they will spend more and they will attract immigration, which in turn will create businesses and provide more jobs. Thank god xenophobia is a plague that not every European country suffers so much from. According to Freeland, the deal is pretty close and should be ratified in 2017.

The Euro is a problem. However after Brexit I can see Brussels taking that in account and push for the necessary reforms

The UK has always banked on a fragmented and weak Europe to prosper. Brexit is yet another gamble. If the EU succumbs the UK will prosper. If the EU survives and prosper.....
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like what?
 
devilish said:
Those who will, will grow richer, they will spend more and they will attract immigration, which in turn will create businesses and provide more jobs. Thank god xenophobia is a plague that not every European country suffers so much from. According to Freeland, the deal is pretty close and should be ratified in 2017.

The Euro is a problem. However after Brexit I can see Brussels taking that in account and push for the necessary reforms

The UK has always banked on a fragmented and weak Europe to prosper. Brexit is yet another gamble. If the EU succumbs the UK will prosper. If the EU survives and prosper.....
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Just been listening to a woman (assistant to US president on economic policy) on Sky news who says that as far as trade goes the UK will be fine as the EU will have to deal with the UK using WTO rules/regs. She also thinks that most financial bodies will stay within the UK because they feel the two safest places to be are the US and the UK.
 
Red Defence said:
Just been listening to a woman (assistant to US president on economic policy) on Sky news who says that as far as trade goes the UK will be fine as the EU will have to deal with the UK using WTO rules/regs. She also thinks that most financial bodies will stay within the UK because they feel the two safest places to be are the US and the UK.
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So leavers believe to experts (actually one against hundreds) now?

I wonder what the wto chief think? No wonder why certain rats have fled the sinking ship

https://next.ft.com/content/745d0ea2-222d-11e6-9d4d-c11776a5124d
 
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If I was in the predictions game:

EU offers us something like EEA- no free movement in exchange for no passporting and no complete access to the e.g. Canada's deal with the EU excluded agriculture (and there is significant doubt it will ever be enforced thanks to Brexit). Germany and France then announce they're cutting corporate tax rates, and attempt to woo our financial sector.
 
NinjaFletch said:
If I was in the predictions game:

EU offers us something like EEA- no free movement in exchange for no passporting and no complete access to the e.g. Canada's deal with the EU excluded agriculture (and there is significant doubt it will ever be enforced thanks to Brexit). Germany and France then announce they're cutting corporate tax rates, and attempt to woo our financial sector.
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If I'm a betting man I'd say that the UK will join the EEA and tell the leavers to shove their xenophobia right to their arse
 
Red Defence said:
Just been listening to a woman (assistant to US president on economic policy) on Sky news who says that as far as trade goes the UK will be fine as the EU will have to deal with the UK using WTO rules/regs. She also thinks that most financial bodies will stay within the UK because they feel the two safest places to be are the US and the UK.
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devilish said:
So leavers believe to experts (actually one against hundreds) now?

I wonder what the wto chief think? No wonder why certain rats have fled the sinking ship

https://next.ft.com/content/745d0ea2-222d-11e6-9d4d-c11776a5124d
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I don't think there is any doubt that financial institutions will only leave London if they absolutely have to. Some major American banks have already made noises to that effect. It is up to our government now to ensure that the UK remains fertile enough to keep The City alive.
 
Classical Mechanic said:
I don't think there is any doubt that financial institutions will only leave London if they absolutely have to. Some major American banks have already made noises to that effect. It is up to our government now to ensure that the UK remains fertile enough to keep The City alive.
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They will move where it benefit them the most. It's strictly business after all. The EU would be stupid to offer a deal which isn't far worse to what the British current have and they hold most of the cards
 
For the Euro to die as a currency the continent has to be in such dire economic circumstances that there will be little Britain can do to avoid the resulting depression. This is the official currency of a dozen and a half of the richest countries in the world, it's not the kind of thing you can painlessly change.
 
Classical Mechanic said:
I don't think there is any doubt that financial institutions will only leave London if they absolutely have to. Some major American banks have already made noises to that effect. It is up to our government now to ensure that the UK remains fertile enough to keep The City alive.
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I don't think we are talking about straight out leaving the UK but reducing numbers what really doesn't seem to difficult if they already have other bases and infrastructure doesn't seem to static or would you suppose otherwise (?as you work in the city)?
 
Paul the Wolf said:
The pound has lost 23% against the Euro which according to Brexiters is so weak, please notice that it's because of Brexit and the fears leading up to it over the past 9 months, not for other reasons
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If you want to be dramatic then atleast use correct numbers. Its hardly been 10%.

devilish said:
If they lose their trade but nick your financial services it would be worth the hassle
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No more than 5% of financial services will relocate to eurozone. EU will need to cur off its nose and ears to hurt UK.
 
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