Jump to content
BANGKOK
john west

Now UK coming out of EU with no deal. what is going to happen to sterling??

Recommended Posts

  From Pound Sterling Live  8th Oct.  

 

1306753460_ScreenShot2019-10-09at14_38_56.png.42448cc1390b6e46b466519149451b19.png

Share this post


Link to post
Posted (edited)
1 hour ago, petermik said:

Any remainers unhappy about LOSING the vote can move to one of the countries still in the EU after we leave.....enjoy :thumbsup:

iT was just announced that there is going to be an extension to summer next year to allow time for a referendum when those remainers who were not allowed to vote in the last referendum (as the government did not give us voting papers), will be able to vote. Hopefully the Russians will stop brainwashing leavers through social media and the leave campaign will stop using Cambridge Analytica to illegally sway the vote by targeting voters with fake news. 73% did not vote to leave. The law on referendums requires at 55% majority which was not acheived by leave in the last referendum.

57101686_2410267482340314_3374896322359328768_n.jpg

Edited by Estrada
  • Like 1

Share this post


Link to post
1 hour ago, petermik said:

Any remainers unhappy about LOSING the vote can move to one of the countries still in the EU after we leave.....enjoy :thumbsup:

I don't think that will be possible after hard brexit.  

 

Also British tourists to Europe might need visas, International DLs, health insurance etc.  Just like in the "good old days" 😉

  • Like 1

Share this post


Link to post
Posted (edited)

The UK Government has a useful Brexit site where you can subscribe for their daily business updates on implications and preparations.

 

One article from November 2018 is an assessment of the economic impacts - they provide several scenarios, none of them show a positive impact.

 

It is inevitable that the pound will fall further.  My guess is 30 THB to the Pound from exit for next 5+ years then a very slow recovery.

 

No deal means additional costs of £billions on any businesses that trade with Europe, which is the UK's biggest trading partner.  This is not scare-mongering, it is an inevitable result of the additional taxation processes, and the estimated costs of these extra burdens are detailed in the UK Gov risk assessment reports. 

 

I do believe that in the longer term the UK will be better out of the EU, and that the remains of EU post-Brexit will eventually fold due to its inability to be globally competitive, but none of us TV posters will still be around to see the benefits.

 

Edited by Kinnock
  • Like 2

Share this post


Link to post

UK won't be crashing out of EU, another extension will be agreed upon,  until June 2020. And then another, and another..

 

There is no solution to Northern Ireland border.

  • Like 2

Share this post


Link to post
Posted (edited)
3 hours ago, BritManToo said:

I don't think it will happen.

There'll be another extension/delay.

 

'twill be a hoot.

 

Edited by Enoon

Share this post


Link to post

As long as Glasgow Rangers win the league, everything else is immaterial. 🇬🇧

Share this post


Link to post
17 minutes ago, AlexRich said:

There’s quite a bit of confidence from the Leavers on here that you’ll get a short period where GBP drops before bouncing back. After the referendum essentially nothing changed, the UK was still in the EU ... sentiment was enough to send GBP crashing, and there has been little recovery. After a no deal this sheet gets real, you are out of the EU, with major economic disruptions and a different trading situation. Different and worse. You’ll all soon understand what no deal actually entails. It won’t be pretty.

Some economists have the opinion that the current weak Pound is due the markets factoring in the effects of Brexit and no further fall will happen, due to all the falls have  already happened .

   The only way is up for the Pound ...........................not that it bothers UK residents hardly at all  

  • Like 1

Share this post


Link to post
2 minutes ago, hugh2121 said:

At the coming general election, Conservatives will NOT have a majority and the balance of power will likely be held by the LibDems. This will result in, at least, a new referendum in which a huge majority will vote to Remain OR outright revocation of article 50. Either way we Remain and the pound will make a huge sigh of relief and recover a lot of lost ground. Maybe the fortune teller is switched on to UK politics.

agreed

 

Share this post


Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...