Britain to leave EU!

tearnet wrote:

F0xgl0ve wrote:

1 GBP = 1.2339 EUR
The GBP/EUR rate as of 24 Jun 2016 at 7:57 AM

Nice to get an automatic cut in income of around 15% - Thank you Boris and Farage.

Ray

Hopefully you will have the courtesy to thank them when it goes up!

Terry

ps Its called currency fluctuation it happens all the time, its been as low as 1.1 and as high as 1.5.

I agree with Terry, it was around 1.14/1.15 3 years ago, it is very rarely near 1.4, 1.3 is good

If you get income in £ and live where there is a different currency, any currency, it is a fact of life you have to accept, otherwise start hedging like the banks do ;-)

socialwhirl wrote:

tearnet wrote:

F0xgl0ve wrote:

1 GBP = 1.2339 EUR
The GBP/EUR rate as of 24 Jun 2016 at 7:57 AM

Nice to get an automatic cut in income of around 15% - Thank you Boris and Farage.

Ray

Hopefully you will have the courtesy to thank them when it goes up!

Terry

ps Its called currency fluctuation it happens all the time, its been as low as 1.1 and as high as 1.5.

I agree with Terry, it was around 1.14/1.15 3 years ago, it is very rarely near 1.4, 1.3 is good

If you get income in £ and live where there is a different currency, any currency, it is a fact of life you have to accept, otherwise start hedging like the banks do ;-)

Not sure where you get your figures ( or your money) from, but we have been here approaching 4 years now and have never had less than €1.18 in (2012) and for the 3 - 6 months prior to the announcement of the referendum we were regularly getting €1.40+ and top end of the €1.30s before that.

Ray

F0xgl0ve wrote:

socialwhirl wrote:

tearnet wrote:

Hopefully you will have the courtesy to thank them when it goes up!

Terry

ps Its called currency fluctuation it happens all the time, its been as low as 1.1 and as high as 1.5.

I agree with Terry, it was around 1.14/1.15 3 years ago, it is very rarely near 1.4, 1.3 is good

If you get income in £ and live where there is a different currency, any currency, it is a fact of life you have to accept, otherwise start hedging like the banks do ;-)

Not sure where you get your figures ( or your money) from, but we have been here approaching 4 years now and have never had less than €1.18 in (2012) and for the 3 - 6 months prior to the announcement of the referendum we were regularly getting €1.40+ and top end of the €1.30s before that.

Ray

This link shows the trend over the last 10 years...

http://www.xe.com/currencycharts/?from= … p;view=10Y

Lowest 1.02, highest 1.52

So we are currently about half way between.


Terry

tearnet wrote:

F0xgl0ve wrote:

socialwhirl wrote:

I agree with Terry, it was around 1.14/1.15 3 years ago, it is very rarely near 1.4, 1.3 is good

If you get income in £ and live where there is a different currency, any currency, it is a fact of life you have to accept, otherwise start hedging like the banks do ;-)

Not sure where you get your figures ( or your money) from, but we have been here approaching 4 years now and have never had less than €1.18 in (2012) and for the 3 - 6 months prior to the announcement of the referendum we were regularly getting €1.40+ and top end of the €1.30s before that.

Ray

This link shows the trend over the last 10 years...

http://www.xe.com/currencycharts/?from= … p;view=10Y

Lowest 1.02, highest 1.52

So we are currently about half way between.


Terry

This afternoon the GBP is down at €1.20/1.21, nowhere near halfway!

Anyway it has happened so there is nothing we can do about it!

Ray

“The selloff after Brexit is very similar to a selloff in 2011 when the U.S. credit rating was downgraded. We expect markets to recover just as they did five years ago,” said Doug Cote, chief market strategist at Voya Investment Management.

Looks like pizza is still available, making many mutant turtles very happy.

Vagrant wrote:

Foretunately I prebooked an exchange rate for most on my money but the rest seems invested in a dead parrot at present.

It isn't dead, or just pining for the fjords.
In fact it's alive and, once the headless chickens have got their act together, it'll be back to normal.

Markets do this, but they always realise they've been stupid and normality returns.
Meanwhile, the clever traders make a fortune on the majority of stupid ones.

F0xgl0ve wrote:

I assume when you are saying silly money Fred, you are referring to the Euro,

Yes, I am.
The Euro is based on the value of currencies joining the Euro being the same, or at least with in a given tolerance.
That was simply not the case, meaning the thing is based on lies and cooked books, unless you want us to believe Greece has anything close to parity with Germany.

Hence, silly money.

It has no chance at all in the long term, and probably the short term in France makes any serious move to leave.
Cheap suit?

Yves81 wrote:

In the end if the UK has bad luck, they will need to pay more then before because obviously the EU will not give any rabate anymore. .

The rebate comes from the UK's payments.
They don't get the rebate, but they don't have to pay in either.

As for paying a fee to be allowed to trade, that's also silly as it doesn't apply in the rest of the world (except normal taxation).
The whole idea of the EU is based on a mass of paperwork, regulations and fees for something you can do with a lot less or none at all with most countries.

Fred wrote:

The whole idea of the EU is based on a mass of paperwork, regulations and fees for something you can do with a lot less or none at all with most countries.

LOL no it's not.

Both Norway and the Swiss have agreements with the EU where they pay A LOT of money for market access (with serious limitations). Agreement details are public - look them up. The UK will not be getting a better deal.

It's pretty hilarious, but this is what happens when populists win hahah. It's not just the UK either - look at all the support Trump has in the US. Their formula is very simple - pick any complex issue, cherry-pick a easy shock point for simple people (OMG we pay 50 mil/day to the EU) and then... come up with a very "broad" solution - like "leave the EU". Every single one of these marketing campaigns uses the same ingredients.

Same for UK immigration issues. There definitely are serious problems related to that. They're nothing to do with the EU. You already had a deal to deal with med-migrants. Legal EU immigration is not an issue anywhere in the UK. Other types of migration are causing serious problems, but no one is going to touch that hornet's nest.

Fred wrote:

The fishing industry was destroyed as a result of EU restrictions, so that's likely to made a slow recovery as European fleets will no longer have quotas in British waters, the thing that caused the decline of the UK's fishing fleets.
Without that silly policy based on politics rather than preservation of stocks, the UK's fleets can grow again.

British fisherman destroyed the fish stocks in the North Sea by overfishing. Fish stocks have recovered as a result of EU policies to the extent that, one example, cod, once almost wiped out in the North Sea are again abundant.

If the British government in its incompetent manner allows British fisherman to overfish again, then the Noth Sea will soon become depleted. Then where will British fishermen go and fish, as they won't have access to European waters.

Graham sewell wrote:

I voted to leave the EU and hope to move to Malta soon are things likely to change in Malta.

Grahm

Just out of interest, forgive me if I sound sarcastic (not intentional) but if you voted leave, have now got what you want, why are you abandoning the ship and leaving the country?

Genuinely intrigued.

JMH71 wrote:

Graham sewell wrote:

I voted to leave the EU and hope to move to Malta soon are things likely to change in Malta.

Grahm

Just out of interest, forgive me if I sound sarcastic (not intentional) but if you voted leave, have now got what you want, why are you abandoning the ship and leaving the country?

Genuinely intrigued.

Well... that's exactly what some of the most "famous" leave supporters did. So you know...

Graham sewell wrote:

I voted to leave the EU and hope to move to Malta soon are things likely to change in Malta.]

Grahm

So you voted to leave the EU to come and live in a country in the EU, makes sense!

Graham sewell wrote:

I voted to leave the EU and hope to move to Malta soon are things likely to change in Malta.

Grahm

Bizarre.

mantasmo wrote:

JMH71 wrote:

Graham sewell wrote:

I voted to leave the EU and hope to move to Malta soon are things likely to change in Malta.

Grahm

Just out of interest, forgive me if I sound sarcastic (not intentional) but if you voted leave, have now got what you want, why are you abandoning the ship and leaving the country?

Genuinely intrigued.

Well... that's exactly what some of the most "famous" leave supporters did. So you know...

Such as who? Which 'most famous leave supporters' have left the country

Ray

Graham sewell wrote:

I voted to leave the EU and hope to move to Malta soon are things likely to change in Malta.

Grahm

Things have already changed!
Because of the referendum and the uncertainty it has caused, followed by the vote to leave, the value of your pound, when you get here has gone down by 16%

Ray

F0xgl0ve wrote:

mantasmo wrote:

JMH71 wrote:

Just out of interest, forgive me if I sound sarcastic (not intentional) but if you voted leave, have now got what you want, why are you abandoning the ship and leaving the country?

Genuinely intrigued.

Well... that's exactly what some of the most "famous" leave supporters did. So you know...

Such as who? Which 'most famous leave supporters' have left the country

Ray

Sorry that wasn't very clear. I was referring to the "abandoning the ship" bit.

F0xgl0ve wrote:

This article gives a clue as to what Europe thinks of Boris as Foreign Secretary!

http://www.timesofmalta.com/articles/vi … obe.618726

Ray

If I really wanted to give Euro politicians some stress, I would have appointed him to that position as well.
I suspect it's entirely deliberate, probably to do a bit of this.

felinefine81 wrote:

Stress? More likely they are laughing and writing the UK off as a joke!

The loss of one of the Eu's major income sources is unlikely to make them laugh very much.

felinefine81 wrote:

Boris Johnson is one of the EU's major income sources?! 😁

I thought that was what we were commenting on this morning!