Pound going through the floor.

CLAPTON

wotsthat wrote: »

No need. I've already forward bought a holiday for next year. For the second holiday I'm budgeting exactly the same in Sterling as this year. Johnny Foreigner will be seeing less of me in restaurants but more in supermarkets picking up stuff for the BBQ.

A good chunk of the people who voted for Brexit because they don't like foreigners probably now can't afford a foreign holiday. Who says there's no such thing as karma?

if all goes well, those people might be able to afford a family size house instead although it will take some time : seems a good bargian to me.

setmefree2

ruperts wrote: »

We now have a genuinely third world currency and people think that's good because wemight get some unskilled jobs in manufacturing out of it. Lol.

I think you are confusing the Pound with the Euro.

StevieJ

setmefree2 wrote: »

I think you are confusing the Pound with the Euro.

I, and the rest of the world don't think he is.

setmefree2

ruperts wrote: »

We now have a genuinely third world currency and people think that's good because wemight get some unskilled jobs in manufacturing out of it. Lol.

TrickyTree83 wrote: »

I don't think you know the meaning of "third world currency".

I've recently come back from Ukraine. 1 GBP is worth 33 UAH (have you even heard of that currency before?), well that's closer to a "third world currency". I'm sure you've heard on the news about people who earn a dollar a day. That's true poverty.

Where someone can do the same job teaching kids all day in class and come out with about $8 for the day. Then when you go shopping and milk will cost you $2 and meat $4 if you're lucky.

I think you make a good point here. Look guys we don't live in Hati!

Mortgagefreeman

wotsthat wrote: »

Who says there's no such thing as karma?

Much of the World is still cheap to travel to. Sterling will recover from it's current weakness, and all will be well with the World.

If it gets too much for you,you can always spend a couple of weeks by the seaside in Hastings.:D

Herzlos

setmefree2 wrote: »

Retail isn't screwed. They buy little from europe - most stuff comes from China which has devalued the Yuan 10% since Brexit. Most clothes come from India or Bangladesh. Most "Stuff" in the shops is cheap as chips (which is also why we can't be bothered making it ourselves).

So we're still down Vs the Yuan?
I was under the impression a lot of international trading was done in USD (our supply chain is, at least), so we're hit there.

I think we'll live.

I didn't say we won't, but we're definitely going to have to tighten our belts as our international buying power declines.

TrickyTree83

StevieJ wrote: »

I, and the rest of the world don't think he is.

Please explain why, I'm curious about the rationale.

setmefree2

setmefree2 wrote: »

I think you are confusing the Pound with the Euro.

StevieJ wrote: »

I, and the rest of the world don't think he is.

'The euro is gone within three to five years,' one expert says

http://www.cnbc.com/2016/06/24/after-brexit-the-euro-is-gone-within-three-to-five-years-one-expert-says.html

George Soros: The European Union Is Heading For A 'Disorderly Disintegration'

http://www.forbes.com/sites/antoinegara/2016/06/27/george-soros-the-european-union-is-heading-for-a-disorderly-disintegration/#2c21cade8f02

BILLIONAIRE investor George Soros took out a staggering €100MILLION bet that a major German bank would collapse

Plenty more where they came from - use google "Euro doomed" will get you plenty.

wotsthat

CLAPTON wrote: »

if all goes well, those people might be able to afford a family size house instead although it will take some time : seems a good bargian to me.

I'd suggest neither of us hold our breath waiting for our wishes to come true

BJV

I have many talents but completely understanding the way in which the markets operate is not one of them. From what my limited experience tells me a lot of it is about potential confidence.

OK - so why oh why are we all still moaning and making divides about a vote which happened months ago. I voted leave. That was my right as it was your right to vote the way in which you did.

I am not a xenophobe, I do not have any issue with anyone as long as they want to be a part of our society and integrate. I am not a member of the KKK. I am not uneducated and I do not have a skinhead.

I voted leave because what once started as a fantastic way to have a single market was if left un checked about to become a single treasury with rules and regulations which have no meaning except to extend red tape.

So why don't we all do ourselves a favor a start believing in ourselves and start building the confidence that the markets crave!

P.s The french are PisXed only because they are worried that this will be the start of the end of the European community. They are also worried that with the Uk out more and more of the financial burden will fall on their shoulders.