Brexit, the economy and house prices part 5

iro

HAMISH_MCTAVISH wrote: »

:rotfl:

Meanwhile back in the real world....

According to the ONS:

- Sterling May 16 = 86

- Latest Sterling read = 79

Still down 10% or so since before the referendum.... Which I suppose is marginally better than the 15% it was down until recently but still represents a huge loss in buying power for UK PLC.

Did you buy the footsie on 24/6/18 at 5.00am ?

Probably not, welcome tomy 'real world'

:rotfl:.

vivatifosi

As Commonwealth leaders meet in London, a good, nuanced article on the trade opportunities within the bloc:
http://www.bbc.co.uk/news/business-43779196

cogito

HAMISH_MCTAVISH wrote: »

:rotfl:

Meanwhile back in the real world....

According to the ONS:

- Sterling May 16 = 86

- Latest Sterling read = 79

Still down 10% or so since before the referendum.... Which I suppose is marginally better than the 15% it was down until recently but still represents a huge loss in buying power for UK PLC.

Still wrong. It's 80.94 so around 6%. You are quoting out of date figures.

iro

cogito wrote: »

Still wrong. It's 80.94 so around 6%. You are quoting out of date figures.

Correct.

It is hilarious to see these posts where statements are made about the levels of shares, currencies etc. without any apparent direct experience either (professionally or personally) of trading them.


It reminds me of Chris Morris' 'Day to day' with the currency 'kidney'; the constant financial ignorance demonstrated on here by remoaniacs (cepphy seems to think the bigger the graphic the more 'correct' it is ) undermines any argument they make.


http://www.bbc.co.uk/news/uk-politics-eu-referendum-36617396


It appears that those with experience of financial markets (i.e. Essex commuters into the City voted overwhelmingly to leave).

iro

More Brexit misery!


Employment total at record high
The number of people in work has reached a record high of 32.26 million, the ONS said.


Unemployment falls
The number of people out of work in the UK fell by 16,000 between December and February to 1.42 million, latest official statistics show.
The unemployment rate was 4.2%, the lowest since 1975, the ONS said.


Wage growth steady at 2.8%
Wages in the three months to the end of February, excluding bonuses, grew by 2.8%. That was unchanged from the month before. (now outstripping inflation)


BBC

Herzlos

Does anyone else notice the correlation with the value of sterling and the softness of Brexit? Coincidence I suppose?

Certainly, things aren't as bad as they were (neither is brexit), but that doesn't mean they are good.

Herzlos

iro wrote: »

Correct.

It is hilarious to see these posts where statements are made about the levels of shares, currencies etc. without any apparent direct experience either (professionally or personally) of trading them.


It reminds me of Chris Morris' 'Day to day' with the currency 'kidney'; the constant financial ignorance demonstrated on here by remoaniacs (cepphy seems to think the bigger the graphic the more 'correct' it is ) undermines any argument they make.


http://www.bbc.co.uk/news/uk-politics-eu-referendum-36617396


It appears that those with experience of financial markets (i.e. Essex commuters into the City voted overwhelmingly to leave).

So the companies trading on the markets petitioned the government to stay in, but the staff commuting from Essex wanted to leave?

iro

It appears so, the heads of the companies do not trade, it is the Essex boys and girls who do a lot of that as well as settle trades.

Herzlos

iro wrote: »

More Brexit misery!


Employment total at record high
The number of people in work has reached a record high of 32.26 million, the ONS said.


Unemployment falls
The number of people out of work in the UK fell by 16,000 between December and February to 1.42 million, latest official statistics show.
The unemployment rate was 4.2%, the lowest since 1975, the ONS said.


Wage growth steady at 2.8%
Wages in the three months to the end of February, excluding bonuses, grew by 2.8%. That was unchanged from the month before. (now outstripping inflation)


BBC

The number in work or the number not unemployed? How's under employment looking?

I've seen some recruitment effort for some tech growth, but I'm not aware of any real job growth (not with 2 huge chains going bust).I'm also not sure if this 2.8% wage rise is propagating through to every one. Statistics and all that.

The article you mention was titled "wage growth fails to overtake inflation"?

Herzlos

iro wrote: »

It appears so, the heads of the companies do not trade, it is the Essex boys and girls who do a lot of that as well as settle trades.

Are there enough traders in Essex to swing the vote?

Do you really think the heads of trading companies don't understand the markets or listen to their staff? Or do you think the petitions were for political reasons?