ChatterBank1 min ago
Ok From The Horses Mouth, No G E, So Can We Stop Going On About It
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For more on marking an answer as the "Best Answer", please visit our FAQ.//If no-deal really does spell “economic meltdown”, why is it that, since Johnson stuffed his Cabinet with Brexiteers, sterling has gone up?//
aye?
On Friday it hit its lowest since 2017
https:/ /www.ft .com/co ntent/c ca017ca -afbb-1 1e9-803 0-530ad fa879c2
aye?
On Friday it hit its lowest since 2017
https:/
Both major parties are running scared of a GE before the IN/OUT issue is settled in case the Brexit Party and the LibDems make big gains.
If we leave as Boris says we will the Brexit Party will be dished & he will have a window of opportunity to regain a Tory majority.
After that it will be a battle between the stay-outers and the rejoiners!
If we leave as Boris says we will the Brexit Party will be dished & he will have a window of opportunity to regain a Tory majority.
After that it will be a battle between the stay-outers and the rejoiners!
Don't normally bother getting into politics, but in my view I don't believe either party could care a dam about brexit, they just have their sights on number 10, and that's been the case for years, ( apart from Maggie Thatcher) all Boris is doing is what they all do, dishing out a few sweeties in prep for an GE.
//Historically the Euro was worth 70p for a long time. //
I don't think that would be within your living adult memory jim, there was also a moment of near parity.
On 17th July 2015 the euro stood at 1.43 to the pound (so 70p bought you one euro). By 8th April 2016 it had increased in value to 1.23 to the pound. This represented a fall in the value of the pound of 14%. This lower rate was recorded before the referendum was held and before anybody had any inkling that a Leave vote might possibly prevail.
Yes, Brexit will obviously have some effect of the pound's value. But it isn't the only influence. Exchange rates vary; always have, always will. To attribute variations to just one factor is simplistic and (for some) conveniently naive.
I don't think that would be within your living adult memory jim, there was also a moment of near parity.
On 17th July 2015 the euro stood at 1.43 to the pound (so 70p bought you one euro). By 8th April 2016 it had increased in value to 1.23 to the pound. This represented a fall in the value of the pound of 14%. This lower rate was recorded before the referendum was held and before anybody had any inkling that a Leave vote might possibly prevail.
Yes, Brexit will obviously have some effect of the pound's value. But it isn't the only influence. Exchange rates vary; always have, always will. To attribute variations to just one factor is simplistic and (for some) conveniently naive.
Actually the headline is misleading:
//Boris Johnson 'absolutely' rules out pre-Brexit election//
What he actually said was that he rules out a GE before the latest scheduled Brexit date of 31st October. This means that if, as I suspect, the Commons (again) legislates against a No Deal exit and they (again) also refuse to sanction the only Deal on offer, a GE may well be called before Brexit is achieved.
//Boris Johnson 'absolutely' rules out pre-Brexit election//
What he actually said was that he rules out a GE before the latest scheduled Brexit date of 31st October. This means that if, as I suspect, the Commons (again) legislates against a No Deal exit and they (again) also refuse to sanction the only Deal on offer, a GE may well be called before Brexit is achieved.
//Surely you believe him when he says the UK will leave the EU by Hallowe'en?????//
I rarely take any politician at his or her word. In Mr Johnson's case I believe that he would like to see us out by 31/10. However, for the reasons I have frequently stated I have no confidence whatsoever that he will.
I rarely take any politician at his or her word. In Mr Johnson's case I believe that he would like to see us out by 31/10. However, for the reasons I have frequently stated I have no confidence whatsoever that he will.
// Yes, Brexit will obviously have some effect of the pound's value. But it isn't the only influence. [To say otherwise]... is conveniently naive //
Indeed, NJ. But lately it's also worth conceding that Brexit has been at least a major influence, rather than just lost in the noise. The pound shed another cent or so against the dollar today, and since just about the only thing that has happened is Michael Gove et al assuring us all that a "No Deal" Brexit is the working plan, I invite Khandro to revisit his claim that Brexit is no influence at all :)
Indeed, NJ. But lately it's also worth conceding that Brexit has been at least a major influence, rather than just lost in the noise. The pound shed another cent or so against the dollar today, and since just about the only thing that has happened is Michael Gove et al assuring us all that a "No Deal" Brexit is the working plan, I invite Khandro to revisit his claim that Brexit is no influence at all :)
//since just about the only thing that has happened is Michael Gove et al assuring us all that a "No Deal" Brexit is the working plan//
are you saying then that factors outside the UK don't count?
https:/ /www.ft .com/co ntent/e 06d5568 -adf6-1 1e9-803 0-530ad fa879c2
are you saying then that factors outside the UK don't count?
https:/
jim; Your & NJ's, £ - € figures are correct, that time was something I'd overlooked.
ref. // I invite Khandro to revisit his claim that Brexit is no influence at all// I said, 'the markets appear to be unfazed by the prospect of a no-deal scenario' by this I mean, no great dramatic effects (as yet) the markets are never static.
ref. // I invite Khandro to revisit his claim that Brexit is no influence at all// I said, 'the markets appear to be unfazed by the prospect of a no-deal scenario' by this I mean, no great dramatic effects (as yet) the markets are never static.
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