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Labour government - effect on GBP?
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James_Green_1982
Posts: 219 Forumite
Last time I looked, the bookies were considering the chance of a Labour government at about 50/50.
I have heard and read much about the effect of a Labour election win on the pound.
At their conference the Labour Party discussed ''war-gaming'' for scenarios such as a ''run on the pound''. But they did not really elaborate on what defences they could mount.
What would their options be?
Currency controls?
Using BoE gold to buy up GBP?
If any Brexit agreement restricts freedom of movement for workers, that could presumably also restrict freedom of capital?
(Although even countries remaining within the EU can actually restrict money flows if they want eg Greece).
I have heard and read much about the effect of a Labour election win on the pound.
At their conference the Labour Party discussed ''war-gaming'' for scenarios such as a ''run on the pound''. But they did not really elaborate on what defences they could mount.
What would their options be?
Currency controls?
Using BoE gold to buy up GBP?
If any Brexit agreement restricts freedom of movement for workers, that could presumably also restrict freedom of capital?
(Although even countries remaining within the EU can actually restrict money flows if they want eg Greece).
0
Comments
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James_Green_1982 wrote: »At their conference the Labour Party discussed ''war-gaming'' for scenarios such as a ''run on the pound''. But they did not really elaborate on what defences they could mount.
What would their options be?
1) Appoint a certain D Abbott as Chancellor, then the maths would work out differently
2) Plant another magic money tree
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James_Green_1982 wrote: »Last time I looked, the bookies were considering the chance of a Labour government at about 50/50.
I have heard and read much about the effect of a Labour election win on the pound.
At their conference the Labour Party discussed ''war-gaming'' for scenarios such as a ''run on the pound''. But they did not really elaborate on what defences they could mount.
What would their options be?
Currency controls?
Using BoE gold to buy up GBP?
If any Brexit agreement restricts freedom of movement for workers, that could presumably also restrict freedom of capital?
(Although even countries remaining within the EU can actually restrict money flows if they want eg Greece).
B.O.E haven't got much gold left, Browns bottom sold it all at the bottom of the market.
And now Basel 3 means gold and silver are going to go up in price a lot.
The U.K. Seriously needs to buy as much gold and silver as it can before the price goes back upNothing has been fixed since 2008, it was just pushed into the future0
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