We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
If we vote for Brexit what happens
Comments
-
Find an occasion when a major currency has dropped 10% in two days. This simply does not happen. The pound didn't even fall this fast on Black/White Wednesday and on that occasion it was being propped up at unrealistic levels with hundreds of millions of FX reserves.
I realise that you have a position that you are seeking to justify but that shouldn't extend to pretending that what is going on is normal as it isn't.
The next thing to consider is how you're going to replace c. £50 billion of FDI each year. That's the best part of 3% of GDP that you can wave goodbye to, at the very least until you can sort out what happens next.
like the English weather, there is always a record to be noted.0 -
-
With the current and prospective state of the other EU economies, not having access to their capital markets might be a good thing.They are making their intentions pretty clear:
City of London could be cut off from Europe, says ECB official
[URL="http://www.reuters.com/article/us-britain-eu-finance-idUSKCN0ZC152
http://www.reuters.com/article/us-britain-eu-finance-idUSKCN0ZC152"]EU plans moving bank regulator from London as euro zone eyes City business
[/URL]0 -
Eurocratic meddling and temptation to tax the milch cow to death will put paid to any such centre being a competitive success.This is the thing no one knows what the details of the out vote are going to be
We may find in a few months time that out looks a lot like in with the exception of the UK making its own laws and regulations.
I still feel the EU will covet its own global financial centre. An economy of size and scale of about $15 trillion a year without its own global financial centre? Some people might like the siubd if the UK diminished role in finance but it really does pay a lot of the countries bills both internal and external.0 -
It fell hard due to the overconfident currency speculation that artificially boosted the £ in the prior weeks. Serves the speculators right, affects the public little, except for making the UK sharply more competitive at the right moment.Find an occasion when a major currency has dropped 10% in two days. This simply does not happen. The pound didn't even fall this fast on Black/White Wednesday and on that occasion it was being propped up at unrealistic levels with hundreds of millions of FX reserves.
I realise that you have a position that you are seeking to justify but that shouldn't extend to pretending that what is going on is normal as it isn't.
The next thing to consider is how you're going to replace c. £50 billion of FDI each year. That's the best part of 3% of GDP that you can wave goodbye to, at the very least until you can sort out what happens next.0 -
It fell hard due to the overconfident currency speculation that artificially boosted the £ in the prior weeks. Serves the speculators right, affects the public little, except for making the UK sharply more competitive at the right moment.
Apart from the importers of course, it makes imports more expensive.
As the UK is a net importer that isn't a trivial matter.0 -
Another one with a position to justify.
Keep playing it down.
as you know the pound has previously been much lower.
why was the rate of all over such a short time of greater significance that the absolute value ?
if it rises by the fastest rise ever sometime shortly will you be saying the crisis is over?
what do the text books tell us?
Although I'm mainly out of the stock market, I note the value of my residual shares are higher now than in January:
Wide fluctuating over short periods, tell us very little of value except except that the masters of the universe got it all badly wrong.
However, I would be interested in your take on the longer term significance of the fall.0 -
The BOE's been scratching it's head trying to get UK inflation to rise to the target of 2% for ages, looks like the answer's been provided on a plate. And remember, a huge part of ones monthly expenditure goes on services, UK labour cost, UK mortgage/rent, and UK profit margins. The £ is really nothing to worry about... yet.Apart from the importers of course, it makes imports more expensive.
As the UK is a net importer that isn't a trivial matter.0 -
Apart from the importers of course, it makes imports more expensive.
As the UK is a net importer that isn't a trivial matter.
What is you take on the benefits/drawbacks of a fllling pound.
I have frequently mentioned my concerns about our balance of trade deficit and the possible impact of a falling pound. In general on here it was deemed to be unimportant but then I was suggesting that was a negative of being part of the EU.
Time change rather quickly. Indeed maybe an unprecedented rate of change in sentiment?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards