BREXIT price rises

wotsthat

CLAPTON wrote: »

how many brexiters think they voted for this

I think it was generally accepted that Sterling would weaken following a vote to leave. Your scenario was considered by about 6 people.

CLAPTON wrote: »

I'm devasated : I believed you when you told me hundreds of times that inward investment would cease immediately upon brexit : are you saying that wasn't true?

I didn't say that once.

The uncertainty of our future relationship with the EU means investment in new facilities which service the EU market will fall. It'll be interesting to see whether new data suggests just the referendum process itself led to a reduction in investment.

Your hated version of inward investment where foreigners buy bits of the UK? Well there's a sale on.

Thrugelmir

wotsthat wrote: »

I think it was generally accepted that Sterling would weaken following a vote to leave.

Yet the BOE is now talking about reducing interest rates further. The economy appears to be far from fixed. If policy can change within weeks. Talk was of increasing rates. There's far more going on that's unrelated to Brexit.

CLAPTON

wotsthat wrote: »

I think it was generally accepted that Sterling would weaken following a vote to leave. Your scenario was considered by about 6 people.



I didn't say that once.

The uncertainty of our future relationship with the EU means investment in new facilities which service the EU market will fall. It'll be interesting to see whether new data suggests just the referendum process itself led to a reduction in investment.

Your hated version of inward investment where foreigners buy bits of the UK? Well there's a sale on.

oh dear
does that mean you think that inward investment in new facilities to sell to the rest of the world or even the UK will now rocket?

ballisticbrian

Don't forget we were promised by the remain camp that property prices would be hit if we voted Brexit. And as property prices up to Brexit were just simply as high as the market would allow, if the remain camp are correct, this will far outweigh any fluctuations in currency or exchange rate or price of commodities, etc.

Conrad

Property in the south east has been over heated and I benefited but I am quite happy if we see a softer market to allow buyers to catch up with prices a bit

Only a lunatic selfish type would worry about a less frenetic market, who cares

Remains spill crocodile tears over a supposed stolen future for the next generation and yet the same now want house prices to keep rocketing out of the reach FTBs

Generali

michaels wrote: »

Shall we look at a graph of the GDP/USD exchange rate over the last 20 years? WE have frequently seen larger changes over a period of a few months without all immediately feeling super rich or flat broke.

I am still wating for the 3p/litre petrol price rise that was 'definitely' coming due to the Brexit change in exchange rates - prices have not yet shifted at all at my local petrol station.

When have we seen changes of this magnitude? The only time I can think of is in the mid-80s when the pound fell rapidly and quickly bounced back.

I have no way to predict future FX rates, if I did I wouldn't be sitting on the bus on a foggy morning as my ferry was cancelled, so we'll see if the pound bounces back quickly. It's hard to see what news will do that unless the Fed starts up QE again. I have my doubts that is about to happen but time will tell.

padington

Generali wrote: »

When have we seen changes of this magnitude? The only time I can think of is in the mid-80s when the pound fell rapidly and quickly bounced back.

I have no way to predict future FX rates, if I did I wouldn't be sitting on the bus on a foggy morning as my ferry was cancelled, so we'll see if the pound bounces back quickly. It's hard to see what news will do that unless the Fed starts up QE again. I have my doubts that is about to happen but time will tell.

Welcome back I really wouldn't be surprised
if May goes all Corbyn on us and prints a load of cash and implements a national building authority and builds council and FTB houses with it like not seen since 1951.

wotsthat

CLAPTON wrote: »

oh dear
does that mean you think that inward investment in new facilities to sell to the rest of the world or even the UK will now rocket?

No I don't think it will.

I'm more hopeful than two weeks ago that a sensible trade agreement with the EU will be agreed that secures free trade. Sunderland's attempt to commit economic suicide might then be relegated to a near miss.

Then we'll get everyone who wishes to invest in one of the planet's most expensive countries to service the US, Indian & Chinese markets to form an orderly queue.

CLAPTON

wotsthat wrote: »

No I don't think it will.

I'm more hopeful than two weeks ago that a sensible trade agreement with the EU will be agreed that secures free trade. Sunderland's attempt to commit economic suicide might then be relegated to a near miss.

Then we'll get everyone who wishes to invest in one of the planet's most expensive countries to service the US, Indian & Chinese markets to form an orderly queue.

so you are assuming

Your hated version of inward investment where foreigners buy bits of the UK? Well there's a sale on.

that the sale will be unsuccessful?

wotsthat

CLAPTON wrote: »

so you are assuming

that the sale will be unsuccessful?

Tell me. Do you no longer differentiate between inward investment to build new facilities and your (even more) hated sort where foreigners come in and buy existing infrastructure like utilities.

You can build elaborate strawmen all you like but if there's going to be a rush to build the former I'd ask why. If the UK is ideally placed to service the world ex EU they're no more or less ideally placed than a month ago. The status quo has been maintained.

I'd quite like to buy a house or dividend yield for 10% off - I'm guessing plenty of foreigners will too.