Have we left yet? Ask the French to turn off the lights on the way out. That is of course if they are allowed to do that without some EU regulation?
And the £ plumets again, even a day before the UK's big formal bye bye letter, driven partly by Scotlands vote for a new referendum on leaving the UK,analysts say. The markets obviously think the lights have gone out in the heads of the people driving to a little England,
The FTSE 100 gained 49.92 points, or 0.68%, to 7,343.42 as the pound shed 0.33% against the dollar to $1.25170.
Pound is a bit lower than that Kiwi, 1.2436 as I post. Its more to do with the strength of the dollar rather than the weakness of Stg. Dow was up and the US Bushiness confidence was up again to a 16 year high.
Great British own goals.......... https://www.theguardian.com/footbal...cle-50?CMP=Share_AndroidApp_Copy_to_clipboard
No. The £ dropped hard against all major currencies latter part of yesterday, down 1.65% against the $, and 1.4% against the €. Let's hope that's it for now and May's letter doesn't do more damage.
slo, post: 10376898, member: 1014674"]No. The £ dropped hard against all major currencies latter part of yesterday, down 1.65% against the $, and 1.4% against the €. Let's hope that's it for now and May's letter doesn't do more damage.[/QUOTE] I've been following the pound lately, the day before it went up nearly 1%. So we are back as we were Monday
The $ fell Monday against all currencies because when Trump gave up on health care markets wondered how he'd do on tax etc. But yesterday the £ fell to lower than where it was last week before Trump failed again.
If the pound keeps falling at the current rate, how long will it be before there are fifteen in a stone?
Working from home today so I have the TV on in background as usual. I decide to channel flick: SKY NEWS: Has a countdown clock with reporters everywhere (even with the briefcase). CNN: Interview with Nick Smeg talking down the country again. Wet blanket, glad i never got fooled by him and his new politics. BBC: Pass me the wool and yogurt. CNBC: Nigel Farage just gave one of his best interviews re Brexit. EURONEWS: An Eastern European girl who plays in an orchestra worried that she will have to leave big bad Britain. I cannot wait for this day to be over. People will have to go back to Trump bashing.
? Hardly plummets Ossie, it's been in the $1.24 - $1.26 range for weeks, holding pretty steady despite US interest rate rise. There too many variables in play to claim x caused y with much certainty, aside from the huge changes like the Brexit vote itself. There will be other bumps along the way, but what happens to the £ does not happen in isolation. Have a look at what happens to the markets when North Korea successfully tests a long range missile. So we are about to kick off, with May promising a deal 'in the best interests of all UK citizens'. Good luck with that. Once I have seen the contents of the letter triggering Article 50 I will suggest some metrics so we can judge.
Watched Sky News this morning and they had a reporter in Mijas in Spain where shock horror 1 in 10 of the population are Brits......they interviewed a 20 year old lass who owns a successful nail bar business. Her grand parents also live there and are worried about their pensions, as if after today no pensions will be paid abroad and all of us who live in other EU countries will be forceably removed back to the UK.....which by default would mean that all EU citizens that live in the UK will also be forceably removed back home.......Give me strength. Nothing is going to change for at least 2 years re the UK's relationship with the EU.....the UK is not leaving Europe, although some people seem to think that, it's just leaving the bureaucratic mess that has taken over.......it will probably take a hell of a lot longer to untangle the legislation...... Mean while carry on as normal.......
