snoop1130 Posted March 12, 2019 Share Posted March 12, 2019 Sterling plummets after UK attorney general says legal risks of Brexit unchanged FILE PHOTO - Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger LONDON (Reuters) - The pound fell sharply on Monday after Britain’s Attorney General Geoffrey Cox said the legal risks to the United Kingdom of the Brexit backstop remained unchanged despite assurances from the European Union. The fell plunged 0.7 percent to a day’s low of $1.3041. It had been as high as $1.3290 earlier in the session on hopes British Prime Minister May would eventually secure a deal before Brexit in less than three weeks. The pound also fell sharply against the euro, falling by one percent to the day’s low of 86.33. The export-heavy FTSE 100 rose as sterling dropped. -- © Copyright Reuters 2019-03-12 Link to comment Share on other sites More sharing options...
malagateddy Posted March 12, 2019 Share Posted March 12, 2019 Oh dear..how sad..never mindSent from my SM-G7102 using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
sanemax Posted March 12, 2019 Share Posted March 12, 2019 0.7 % , I do feel that "plummets" is quite an exaggeration , "slight drop" would be more fitting Link to comment Share on other sites More sharing options...
nauseus Posted March 12, 2019 Share Posted March 12, 2019 15 minutes ago, sanemax said: 0.7 % , I do feel that "plummets" is quite an exaggeration , "slight drop" would be more fitting So was the "surges" one. But that's show business folks. Link to comment Share on other sites More sharing options...
trigpoint Posted March 12, 2019 Share Posted March 12, 2019 plummets eh, yesterday it was 41.03, today was 41.73. !! Link to comment Share on other sites More sharing options...
yodsak Posted March 12, 2019 Share Posted March 12, 2019 1 hour ago, trigpoint said: plummets eh, yesterday it was 41.03, today was 41.73. !! plummets a tiny bit Link to comment Share on other sites More sharing options...
madmen Posted March 12, 2019 Share Posted March 12, 2019 she is choking which isn't helping her much Link to comment Share on other sites More sharing options...
Ulic Posted March 13, 2019 Share Posted March 13, 2019 Of course they remain unchanged. I am no lawyer but when I read the "concessions" even I understand that when a read the wording. A whole lot of nothing "commitment". Hard Brexit or don't leave are the choices. The EU has played hardball and given up nothing. Personally, like all the Y2K panic, I don't think a hard Brexit would be that difficult. It would be as difficult as the EU wants it to be. That said, the EU doesn't want anyone else leaving, so they may make things miserable. Link to comment Share on other sites More sharing options...
Jonnapat Posted March 13, 2019 Share Posted March 13, 2019 There are people who have posted on this forum that Brexit is not the cause of sterling's woes. Believe me that if some kind of a resolution is not found things will get a whole lot worse. If Brexit were called off tomorrow, the pound would soar, no doubt about that . Link to comment Share on other sites More sharing options...
dick dasterdly Posted March 13, 2019 Share Posted March 13, 2019 3 hours ago, Jonnapat said: There are people who have posted on this forum that Brexit is not the cause of sterling's woes. Believe me that if some kind of a resolution is not found things will get a whole lot worse. If Brexit were called off tomorrow, the pound would soar, no doubt about that . Untrue, we all agree that the bexit vote was the cause for the sterling 'collapse'. Yes, if brexit was cancelled sterling would undoubtedly increase - as this is exactly what those with serious amounts of money would prefer to happen.... Sadly for them, the electorate don't believe their (not to mention uk and eu politicans/various biased experts) propaganda anymore - hence the leave vote. Link to comment Share on other sites More sharing options...
Chomper Higgot Posted March 13, 2019 Share Posted March 13, 2019 1 minute ago, dick dasterdly said: Untrue, we all agree that the bexit vote was the cause for the sterling 'collapse'. Yes, if brexit was cancelled sterling would undoubtedly increase - as this is exactly what those with serious amounts of money would prefer to happen.... Sadly for them, the electorate don't believe their (not to mention uk and eu politicans/various biased experts) propaganda anymore - hence the leave vote. Given that Brexit was financed by tax shy billionaires and multimillionaires (aided by £millions of imported money of unknown provenance) and hedgefund managers, your second paragraph needs some support in the form of facts. Link to comment Share on other sites More sharing options...
dunroaming Posted March 13, 2019 Share Posted March 13, 2019 19 hours ago, trigpoint said: plummets eh, yesterday it was 41.03, today was 41.73. !! Living in Thailand gives you a real interest in Sterling versus Baht. When a report says plummet it may not affect the Baht rate as much as other currencies. Everything is relative. Link to comment Share on other sites More sharing options...
dick dasterdly Posted March 13, 2019 Share Posted March 13, 2019 Sometimes it's good to be a cynic.... As soon as I heard the phrase from Liddlington "the EU cannot try to "trap" the United Kingdom - I knew that politicians would never be able to 'sell' this to the electorate ????. Link to comment Share on other sites More sharing options...
dick dasterdly Posted March 13, 2019 Share Posted March 13, 2019 19 minutes ago, Chomper Higgot said: Given that Brexit was financed by tax shy billionaires and multimillionaires (aided by £millions of imported money of unknown provenance) and hedgefund managers, your second paragraph needs some support in the form of facts. And precisely who supported the remain cause? Link to comment Share on other sites More sharing options...
Chomper Higgot Posted March 13, 2019 Share Posted March 13, 2019 1 minute ago, dick dasterdly said: And precisely who supported the remain cause? As far as I aware Remain isn’t on the table. Well, not yet anyway. Perhaps in the meantime the government should look into exactly where all that imported money came from. Link to comment Share on other sites More sharing options...
Chomper Higgot Posted March 13, 2019 Share Posted March 13, 2019 Less of these unfounded accusations about who stands to make a fortune. We know who already did: https://www.independent.co.uk/news/uk/politics/hedge-fund-manager-describes-moment-he-won-220-million-brexit-vote-the-morning-has-gold-in-its-mouth-a7323626.html Link to comment Share on other sites More sharing options...
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