[Politics] Brexit

[Soulman]

Brexit does not to seem to have worried this bank.
The Dutch bank ING is moving several dozen trading jobs into London as part of an overhaul of its European offices, saying that the capital remains a hub for financial trading in spite of the UK's vote to leave the European Union.
http://www.telegraph.co.uk/business...ing-to-move-dozens-of-trading-jobs-to-london/

 

[The Birdman]

A new small Swedish bank has moved into Haywards Heath.

 

[nicko31]

Brexit does not to seem to have worried this bank.
The Dutch bank ING is moving several dozen trading jobs into London as part of an overhaul of its European offices, saying that the capital remains a hub for financial trading in spite of the UK's vote to leave the European Union.
http://www.telegraph.co.uk/business...ing-to-move-dozens-of-trading-jobs-to-london/

450,000 jobs in the city, make that 450,036. And I thought having the price of marmite being held was the only good news story of the week

 

[portslade seagull]

Brexit does not to seem to have worried this bank.
The Dutch bank ING is moving several dozen trading jobs into London as part of an overhaul of its European offices, saying that the capital remains a hub for financial trading in spite of the UK's vote to leave the European Union.
http://www.telegraph.co.uk/business...ing-to-move-dozens-of-trading-jobs-to-london/

Stop coming up with news like that because it doesn’t match the gloom meisters take on things with all major companies moving out of the UK full stop to teach us a lesson

 

[Soulman]

450,000 jobs in the city, make that 450,036. And I thought having the price of marmite being held was the only good news story of the week

Nope, not the only good news.
If you get your chin off the floor, fill up your glass a bit, take a leaf out of Oddball's book and have a little faith, then it is not all doom and gloom.....though i suspect it cheers a few up if it is.

 

[Soulman]

Stop coming up with news like that because it doesn’t match the gloom meisters take on things with all major companies moving out of the UK full stop to teach us a lesson

So sorry, i lapsed, call it take my eye off the ball at the end of the week.
Now where is some bad news......hmmm

 

[Pavilionaire]

Surely the question is, 'is the value of the pound now a true reflection of its' worth, or was the value before the "hissy fit" of the market the true value?". There are reports from the last couple of years stating that the pound was overvalued by circa 15%. So, this correction is probably long overdue, however, it's been triggered because markets don't like uncertainty. This reaction is either based on fundamentals or emotion. It sounds to me like there is too much emotion (and rejoicing in the doom-mongering) from the Remainers, rather than a realisation that the fundamentals of the economy haven't changed.

Yes, there is uncertainty, but the same could be said for the Euro coutries, with huge on-going issues in Italy with their banks, Portugal rolling back the reforms, France with the far right and Greece (say no more). Add to that the "dissent" from Hungary/Poland over the diktats from Brussels, it's not all hunky-dory on the continent. And that doesn't take into account the rise of AfD in Germany either and Merkle losing her air of invincibility.

This will blow over on the next few weeks as we've seen many times before. Markets are not sensible.

The value of £ sterling in relation to the Euro has been fairly stable for many years now, barring the odd hiccup. It's usually been around the 1 = 1.30-1.40 mark and, on that basis, there has been stability. Now that 20% has been wiped off the value of sterling the game has changed, and I see nothing that will make sterling recover that 20% any time soon.

This isn't a temporary market fluctuation, this is the world losing confidence in sterling's long term prospects.

 

[Green Cross Code Man]

The value of £ sterling in relation to the Euro has been fairly stable for many years now, barring the odd hiccup. It's usually been around the 1 = 1.30-1.40 mark and, on that basis, there has been stability. Now that 20% has been wiped off the value of sterling the game has changed, and I see nothing that will make sterling recover that 20% any time soon.

This isn't a temporary market fluctuation, this is the world losing confidence in sterling's long term prospects.

Are you an expert then?

 

[Pavilionaire]

Are you an expert then?

I hope not. It seems quite the fashion to ignore the experts.

 

[GoldWithFalmer]

The whole problem with Free Movement, we have absolutely no control on the numbers.

It's the reason we are all being squeezed out,last stop Southern Europe,meanwhile Londoners forced to the Midlands,Brightoner's forced to Bristol or Hastings and so the journey continues...

Edit: No disrespect to Hastings fellows,the other half has most of the family down there......

 

[beorhthelm]

The value of £ sterling in relation to the Euro has been fairly stable for many years now, barring the odd hiccup. It's usually been around the 1 = 1.30-1.40 mark and,...

... thats bollocks. back to 2008 its been trading more like 1.10-1.20 range, a bump in 2012 to 1.25-1.28, rising over 1.30 only in late 2014 to the beginning 2016. so really it had been around 1.3-1.4 for about a year. sterling will recover much of the 20% (from the 2016 high, not trend) if the Euro get a wack from Deutsche Bank or other events, or we start incrementing interest rates upward.

 

[Pavilionaire]

... thats bollocks. back to 2008 its been trading more like 1.10-1.20 range, a bump in 2012 to 1.25-1.28, rising over 1.30 only in late 2014 to the beginning 2016. so really it had been around 1.3-1.4 for about a year. sterling will recover much of the 20% (from the 2016 high, not trend) if the Euro get a wack from Deutsche Bank or other events, or we start incrementing interest rates upward.

It's not really bollocks then if its been 1.25-1.40 for 4 years plus. And why would interest rates go up now and choke off demand as mortgage rates rise? Our economy has nothing going for it any more after Brexit.

 

[GoldWithFalmer]

It's not really bollocks then if its been 1.25-1.40 for 4 years plus. And why would interest rates go up now and choke off demand as mortgage rates rise? Our economy has nothing going for it any more after Brexit.

Did it ever? Listening to the press,people,the papers,the tv,the opposition in the houses of parliament......Pre Brexit.

Like saying Albion have nothing going for them if we lose Ulloa or Vicente or Zamora or Knight or Small or Nelson or Saunders..

 

[Pavilionaire]

Like saying Albion have nothing going for them if we lose Ulloa or Vicente or Zamora or Knight or Small or Nelson or Saunders..

It really isn't anything like that at all. EU referendums and Brexits don't come and go like strikers.

 

[GoldWithFalmer]

It really isn't anything like that at all. EU referendums and Brexits don't come and go like strikers.

Your right,it's only been since 1992 that we had 4 freedoms(still have the pound) and the EU and 1973 since we joined a good club to be in,the common market....so yes agree..

 

[JC Footy Genius]

It's not really bollocks then if its been 1.25-1.40 for 4 years plus. And why would interest rates go up now and choke off demand as mortgage rates rise? Our economy has nothing going for it any more after Brexit.

That's the spirit ....

 

[GoldWithFalmer]

That's the spirit ....

15 years from now and probably sooner the fuss made now will define the words "Bed & wetting".

 

[Pavilionaire]

That's the spirit ....

This isn't a football team going through a rough season, this is a country led by an unelected prime minister of a divided party making it up as they go along with weak opposition and a buffoon of a foreign minister. The rest of Europe will be licking their lips over nicking our business. Show me where there is any cause for optimism.

For those that want a football analogy it's like having Sami Hyypia in charge on a 10 year contract with a no-sacking clause.

 

[Titanic]

The USA manage to do $1.9trillion of trade with the EU without being a member of the EU or the 'single market'. I think we manage just fine.

 

[JC Footy Genius]

This isn't a football team going through a rough season, this is a country led by an unelected prime minister of a divided party making it up as they go along with weak opposition and a buffoon of a foreign minister. The rest of Europe will be licking their lips over nicking our business. Show me where there is any cause for optimism.

For those that want a football analogy it's like having Sami Hyypia in charge on a 10 year contract with a no-sacking clause.

This is a country that has democratically decided to leave the EU. The elected constituency MP who became PM (we don't vote for PM's) leads a party that gave us the referendum and has committed to abide by the result. Record employment, low unemployment, growing GDP growth in the last quarter, predicted growth to continue , no recession as forecast by the doom mongers. Business confidence improving. Get a grip!