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A Brexiters view
Comments
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The fact is that before the Central Banks got involved, the pound was in freefall. After the first week or two has passed, how much money do you expect the ECB to want to spend on propping up the pound?
Maybe they will need to support the Euro more than the pound.
As our resident financial expert, any idea why the ftse only fell 3% whilst the German and France indices fell 7% and 8% respectively.
It was a commonly held belief that we exported far more as a percentage to the EU than they exported to us. You'd have thought London would be hit harder than EU markets.If I don't reply to your post,
you're probably on my ignore list.0 -
Maybe they will need to support the Euro more than the pound.
As our resident financial expert, any idea why the ftse only fell 3% whilst the German and France indices fell 7% and 8% respectively.
It was a commonly held belief that we exported far more as a percentage to the EU than they exported to us. You'd have thought London would be hit harder than EU markets.
1. The FTSE isn't a referendum on the UK's economy, it's a weighted average of the value of shares
2. I would imagine that a large part of the difference can be explained by the different sector weights of the markets. About a quarter of the FTSE is utilities, telecoms and oil & gas which are defensive stocks, sectors that are largely absent from the DAX and CAC40.
If you want to feel vindicated on a single day's share price movement then that's your choice. It would be financially innumerate though.0 -
You should probably realise that the world is laughing at you.
You are a laughing stock.
The US may yet have Trump in the White House. :wall::wall::wall::wall::wall:
Won't be so smug then.
Given that 50% of US citizens don't even hold passports little need to comment further.
As for Oz what does it do with Asylum seekers.....
"It places them in offshore-detention facilities on two Pacific Island nations, Nauru and Papua New Guinea (PNG), and processes their asylum claims while keeping them there."
Out of sight out of mind springs to mind.0 -
1. The FTSE isn't a referendum on the UK's economy, it's a weighted average of the value of shares
2. I would imagine that a large part of the difference can be explained by the different sector weights of the markets. About a quarter of the FTSE is utilities, telecoms and oil & gas which are defensive stocks, sectors that are largely absent from the DAX and CAC40.
If you want to feel vindicated on a single day's share price movement then that's your choice. It would be financially innumerate though.
The FTSE 250 fell about the same as those European markets, so I was guessing that the more global nature of the ftse 100 saved it from deeper falls.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
agreechucknorris wrote: »The FTSE 250 fell about the same as those European markets, so I was guessing that the more global nature of the ftse 100 saved it from deeper falls.
global indices liek ftse100, dow etc have a lot mroe foreign interest as well and so are more regarded as "safe". capital flight to these indices.0 -
1. The FTSE isn't a referendum on the UK's economy, it's a weighted average of the value of shares
2. I would imagine that a large part of the difference can be explained by the different sector weights of the markets. About a quarter of the FTSE is utilities, telecoms and oil & gas which are defensive stocks, sectors that are largely absent from the DAX and CAC40.
If you want to feel vindicated on a single day's share price movement then that's your choice. It would be financially innumerate though.
Thanks Gen.
These utilities, telecoms, oil and gas. Were they not in the Ftse when the experts were forecasting a Ftse fall down to 5000?If I don't reply to your post,
you're probably on my ignore list.0 -
I know it wont solve the immigration issue immediately, but it puts into place the means our Government can at least regain control of our borders in the future - it gives us future choices we wont otherwise have0
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Thanks Gen.
These utilities, telecoms, oil and gas. Were they not in the Ftse when the experts were forecasting a Ftse fall down to 5000?
I never saw such drastic forecasts, whereabouts were they? I pulled a figure out of the air of about £1m loss, as a personal worse case Brexit scenario. But I didn't really think that it would come to that, in a way it doesn't matter, because there wasn't much that I could have done about it anyway, it will be what ends up as.
I'm far less concerned now, and I can see myself possibly getting out of this taking less than a £50k hit.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
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