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BREXIT?, What happens to Uk pound and Euro if brexit yes wins
nipper
post Posted: Jan 30 2020, 07:57 AM
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It's happened
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The European Parliament [has given] final approval to Britain's divorce from the European Union, paving the way for the country to quit the bloc on Friday after nearly half a century and delivering a major setback for European integration.

After an emotional debate during which several speakers shed tears on Wednesday (local time), EU politicians voted 621 for and 49 against the Brexit agreement sealed between Britain and the 27 other member states last October, more than three years since Britons voted out. Thirteen politicians abstained and the chamber then broke into a rendition of Auld Lang Syne, a traditional Scottish folk song of farewell.

Britain's 73 departing EU politicians headed for an "Au Revoir" party in the EU chamber after the vote.

Earlier in the day, Britain's ambassador to the EU handed documents formalising Brexit to a senior EU official. Against a backdrop of British and EU flags at the bloc's Brussels headquarters, Tim Barrow, smiling, passed over a dark blue leather file embossed with the emblem of the United Kingdom.

After protracted divorce talks, Britain will leave the club it joined in 1973 at midnight Brussels time on Friday, when British flags will be removed from EU offices and the EU flag lowered on the British premises

https://www.abc.net.au/news/2020-01-30/brex...eement/11912078



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: Pendragon  
 
nipper
post Posted: Dec 14 2019, 09:30 AM
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In Reply To: mullokintyre's post @ Dec 13 2019, 10:48 PM

they're called "Remoaners", and don't seem to get it



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

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mullokintyre
post Posted: Dec 13 2019, 10:48 PM
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So, will the political , media, education elites finally get the message from the rest of the UK constituents?.
Can’t get too much more emphatic than that.
Mick



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sent from my Olivetti Typewriter.
 
nipper
post Posted: Dec 13 2019, 02:43 PM
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In Reply To: henrietta's post @ Dec 13 2019, 01:40 PM

definitely the ASX-listed ETF is doing well ; F100 is up 2%

And, Sterling rocketed 1.85 percent to US$1.342 and by 1.09 percent to €1.202 within minutes of the announcement. The pound has been volatile against both major currencies for several months as markets continue to wait for clarity over Brexit



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
henrietta
post Posted: Dec 13 2019, 01:40 PM
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In Reply To: nipper's post @ Dec 13 2019, 12:54 PM

Looks like Aussie investors are quite relieved and buying again.

Cheers
J



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"Sometimes I sits and thinks, and sometimes I just sits." Satchel Paige

"No road is long with good company." Traditional
 
nipper
post Posted: Dec 13 2019, 12:54 PM
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In Reply To: nipper's post @ Sep 16 2019, 07:32 AM

UK election results coming through, and it's likely the Conservative Party will form a government in its own right.
QUOTE
Early results and the exit poll look like a thumping victory for Boris Johnson. It also seems to be an emphatic rejection of Jeremy Corbyn and his far left Labour Party.

The early voting trends have been disastrous for Labour, with socially conservative low income northern and midlands England swinging away from Labour. There also seems to be a swing against Labour in Wales and no recovery for the party at all in Scotland.
.....

In many seats that Labour loses it will lose by a lesser margin than the combined vote of the Liberal Democrats and the Greens in those electorates.

People knew what the consequences of their votes would be. Labour could not consolidate the Remain vote, whereas Johnson did consolidate the Leave vote.

The election was dominated by three issues: Brexit, Corbyn and the National Health Service.

But the (remaining) "remainers" will persist. Sadly.

.
.
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schadenfreude
/ˈʃɑːd(ə)nˌfrɔɪdə,German ˈʃɑːdənˌfrɔydə/
noun
pleasure derived by someone from another person's misfortune.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 

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nipper
post Posted: Sep 16 2019, 07:32 AM
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Brexit dominates the media agenda as Britain lunges towards October 31, but [Peter Estlin, London's Lord Mayor,] insists that the sky is not about to fall on London. So what of the story that bankers are leaving the city in droves and money is pouring out of the capital? “Well the story is not that” says Estlin.

“During the time frame of Brexit, we have seen growth in employment. We’ve seen further growth of capital inflows. Clearly individual businesses are making decisions, but I am not aware of any business that has relocated lock, stock and barrel to the continent. In fact, the reverse: I’ve seen businesses coming into the city because they want to continue to access the capital markets, and so they see London as being critical to their future.”

The lord mayor acknowledges that some businesses have hedged by moving part of their workforce in Dublin or Luxembourg, but he gauges the numbers at between 5000 and 7000.

“When you then put that alongside the 30,000 to 40,000 jobs that have been created through fintech and cyber and the other areas, that’s why we’re seeing a net growth.”

The former Barclays and Salomons banker is confident that even in the worst case scenario, a no deal, business would adapt.

“The City as a services centre I wouldn’t say is immune, but has basically prepositioned itself for any outcome. It is the businesses that are involved in the movement of goods that are at risk.

https://www.theaustralian.com.au/business/b...3011e082c444847

- not many in the "global city" (haha) voted for Brexit



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
xw1
post Posted: Feb 7 2017, 09:55 AM
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In Reply To: nipper's post @ Feb 7 2017, 09:36 AM

lapin: rabbit, specifically a castrated male rabbit.
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lmaosmiley.gif haha you sure to make a lot of us laughing nipper!!



 
nipper
post Posted: Feb 7 2017, 09:36 AM
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In Reply To: xw1's post @ Feb 7 2017, 09:25 AM

Marion Anne Perrine Le Pen, known as Marine Le Pen, is a French politician who is the president of the National Front, a national conservative political party in France.

lapin: rabbit, specifically a castrated male rabbit.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: xw1  
 
xw1
post Posted: Feb 7 2017, 09:25 AM
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In Reply To: mullokintyre's post @ Feb 6 2017, 10:03 PM

The possibility of Ms Lapen taking the French presidency may be bigger.
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you are right mick, but the event you mention will trigger Euro crash, not GBP.
what i point out is about to crash GBP.

not sure witch one gonna come first?? unsure.gif

worth to keep eye on these events though!!



 
 


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