stockmarkets -are we nearing the bottom or is there further to go ??

Thrugelmir

Alexland wrote: »

Even if that means there needs to be a border with Ireland however hard that is for everyone to accept.

Sounds simple. The complexities are well documented.

Zola.

The best time to invest was yesterday.

NewShadow

Glen_Clark wrote: »

That may be so. Nevertheless, anything which reduces the chance of a (hard) Brexit strengthens the pound.

But that's just it - it doesn't reduce the chance of a hard brexit, it simply delays brexit.

If we have an extension for a further two years for a new government - of either flavour - to negotiate a new deal, that puts us in exactly the same situation as we are in now - just two years later and with considerably less goodwill on all sides.

It can be argued the delay makes a no deal brexit more likely because in two years our closest EU trading partners can have found new markets and the profitable businesses may have all moved anyway!

Glen_Clark

NewShadow wrote: »

But that's just it - it doesn't reduce the chance of a hard brexit, it simply delays brexit.

... which increases the possibility of the public having a vote on whether to remain in the EU or accept the deal on offer, rather than the deal the Brexiteers promised.
Even a general election is likely to get us a better deal, because the next Government, Tory or Labour, probably won't be blackmailed by the DUP.

NewShadow

Glen_Clark wrote: »

... which increases the possibility of the public having a vote on whether to remain in the EU or accept the deal on offer, rather than the deal the Brexiteers promised.
Even a general election is likely to get us a better deal, because the next Government, Tory or Labour, probably won't be blackmailed by the DUP.

I fundamentally disagree.

The only thing that would reduce the risk of a hard brexit at this point is the ECJ ruling we can unilaterally revoke A50.

The EU are have clearly stated they have no appetite, whatsoever, to renegotiate the deal.

Polling is too close to say if a general election or referendum would result in seeking to reverse A50 or go WTO - the country is as split as the Government.

I agree the results of a general election or referendum would bolster the pound - but the idea the economy will be boosted by Starmer simply securing that there must be a general election/second referendum if the current deal is voted down is hopelessly optimistic.

The market was burned by the assumption everyone would vote remain two years ago - I doubt they'll have that much optimism a second time round.

justme111

I wonder why nobody seems to remark what a bewildering situation it is when a country that has functional individually for close to 1000 years now can not function while not being part of a union.

Glen_Clark

justme111 wrote: »

I wonder why nobody seems to remark what a bewildering situation it is when a country that has functional individually for close to 1000 years now can not function while not being part of a union.

No need to exaggerate - leave that to the 'newspapers'
The country can function after Brexit, but it looks like most people will be worse off.
As British Industry has gone, we have come to depend more on foreign companies operating here - like the car factories who came her to get free access to EU markets and depend on the free flow of components from them.

Glen_Clark

NewShadow wrote: »

the ECJ ruling we can unilaterally revoke A50.

Thats the point - anything that makes that more likely increases the value of the pound.

Voyager2002

justme111 wrote: »

I wonder why nobody seems to remark what a bewildering situation it is when a country that has functional individually for close to 1000 years now can not function while not being part of a union.

The wonders of globalisation!


Britain created world-leading industries with their entire supply chains lying within the country: but the world changed, and those businesses could not compete with the greater efficiency of global corporations, and eventually failed. Remember Triumph motor-cycles? Remember the mills of Lancashire? And one thing we know for sure: those old industries are not going to come back.

MK62

Glen_Clark wrote: »

... which increases the possibility of the public having a vote on whether to remain in the EU or accept the deal on offer, rather than the deal the Brexiteers promised.
Even a general election is likely to get us a better deal, because the next Government, Tory or Labour, probably won't be blackmailed by the DUP.

I don't see how you can call it blackmail.....the DUP have been pretty consistent from the start about their red lines.

However, in any case, that's how the UK parliamentary system works....eg that's how it worked for the Liberal party in the coalition government....so unless the parliamentary system is fundamentally changed (and I doubt there is any real appetite for that, (outside the Liberal party anyway)), we have to accept it.

Democracy is a two way street.....it won't always go the way each would prefer.

PS - I think it's a bit of an over generalisation to say it's a good or bad point to buy in the market now......it depends what you are thinking of buying.
May not be a good time to buy shares in a UK flag maker who supplies Union Jacks to the EU though.....:)