Pound drops to lowest level since 1985

[Grouse]

1 minute ago, evadgib said:

Is that it?

 

Yes

 

Clearly you don't understand what's happening.

[i claudius]

40 minutes ago, Anthony5 said:

 

Strange, because I thought you earlier posted that you voted to leave.

 

Also wonder why, if you have so mucg to weather the storm, you bothered to send over at 45 to the Baht.

 

It hurts, doesn't it, to have to admit that you made the wrong decision?

 

I did vote to leave , i voted for Brexit ,thats what i said .

[evadgib]

1 minute ago, Grouse said:

 

Yes

 

Clearly you don't understand what's happening.

How's my grasp of forum rules?

[Grouse]

4 minutes ago, i claudius said:

Doesnt make us wrong either .

 

Correct

 

Let's give it time and resume the conversation as things unravel. We will then see who is right. 

 

The hoards of dissatisfied Brits that voted out will be worse off for sure. With no credible opposition, the Tories are going to have a field day.

[Anthony5]

1 minute ago, i claudius said:

 

I did vote to leave , i voted for Brexit ,thats what i said .

 

 

That's what you said earlier in June, but what you said today was " the ones who voted to leave were those living in the UK , we are an irelevance ".

 

 

 

 

[NanLaew]

23 minutes ago, Anthony5 said:

 

 

That's what you said earlier in June, but what you said today was " the ones who voted to leave were those living in the UK , we are an irelevance ".

 

 

 

 

I would consider any eligible EU referendum voter not living in the UK who chose not to vote and is now making a noise about being shafted by those living in the UK and elsewhere that did exercise their right to vote to should cease and desist. You had your chance.

 

... but you probably burned that bridge several years ago.

[YeahSiam]

On a positive note, my stash of gold and silver bullion is up more than 30% and 42% in sterling terms this year.

[Baerboxer]

18 hours ago, Grouse said:

Once again, just to keep the bloody Conservatives happy. Mrs May spouts off and drives down Sterling without any comfort such as a strategy. There was no reason to make such a bald statement right now. Stick to scone recipes. 

 

Meanwhile, the numpties will be grinning aimlessly and running around cheering! Just great....

 

It's 100 years since the Battle of the Somme in WW1. I read recently how the personal dislikes, relationship hierarchy and public school boy engendered "gentlemen's code of conduct and ethics" among the British Generals led to inept unchallenged decision making and an arrogant superiority complex that justified their always right mentality. That led to them sending millions to their deaths, and terrible injuries whilst having very little effect on themselves.

 

How little things have changed for that elite club of wealthy, privately educated, British upper class rulers. Now its economic and future welfare that's being risked - for the masses. But again, won't affect them negatively and might even give them some nice opportunities.

[Baerboxer]

41 minutes ago, Grouse said:

 

Correct

 

Let's give it time and resume the conversation as things unravel. We will then see who is right. 

 

The hoards of dissatisfied Brits that voted out will be worse off for sure. With no credible opposition, the Tories are going to have a field day.

 

Perfect storm.

 

No credible opposition. Xenophobia rising. Chance to lower basic rights, reduce wages, apply more controls on people.

 

Tory "remainers" must now be thinking every cloud has a silver lining.

[Laughing Gravy]

59 minutes ago, Grouse said:

 

Sadly, like so many others, you are just misinformed. 

 

You will I'll learn more as time goes by.

 

Corbyn and his "left wing" tribe were not pro EU either. 

 

Do do you ever watch Question Time? If so, you will see what an embarrassing howling mob of an underclass we British are turning into!

 

Just because you won does not make you right 

I disagree as the majourity voted leave then exiting the EU is right. The exercise of democracy is right. I still can't get my heada round those who would rather be European than British. well there are 26 other countries you can try but I would hurry as there will be less and less as time goes by.

Any historian will tell you that assimilation and integration doesn't work effectively in a few decades. especially the way the EU has done it.  Destined for doom and Brexit is the trigger and catalyst. Hip hip hoorah

[Baerboxer]

1 hour ago, Grouse said:

 

Sadly, like so many others, you are just misinformed. 

 

You will I'll learn more as time goes by.

 

Corbyn and his "left wing" tribe were not pro EU either. 

 

Do do you ever watch Question Time? If so, you will see what an embarrassing howling mob of an underclass we British are turning into!

 

Just because you won does not make you right 

 

Not sure why Jeremy and his stuck in the 70's time warpers are anti EU. I thought they'd fancy the idea of a super federal socialist EU state. Guess they don't like the idea of someone else running things and bossing them about? 

[Anthony5]

16 minutes ago, NanLaew said:

I would consider any eligible EU referendum voter not living in the UK who chose not to vote and is now making a noise about being shafted by those living in the UK and elsewhere that did exercise their right to vote to should cease and desist. You had your chance.

 

... but you probably burned that bridge several years ago.

 

I suggest you read mine and IClaudius post once again, S L O W L Y this time.

[evadgib]

24 minutes ago, NanLaew said:

I would consider any eligible EU referendum voter not living in the UK who chose not to vote and is now making a noise about being shafted by those living in the UK and elsewhere that did exercise their right to vote to should cease and desist. You had your chance.

 

... but you probably burned that bridge several years ago.

You're aware of the 15 year rule, right? I fell foul of it at the 11th hour and was no longer eligible to vote come June. For the general election they had to try a bit harder to stop expats voting. A FoI request later confirmed several hundred thousand ballots destined for eligible voters living outside the EU were deliberately not sent, constituting electoral fraud which has yet to be addressed by HMG.

 

We're not playing on a level playing field.

[YeahSiam]

17 hours ago, chrisyork said:

My retirement Visa will be coming up for renewal in January...... If this carries on or stays at this level I may not make the monthly earnings threshold..... Anybody else in the same boat? Any strategies out there for what to do? Any sign of Immigration being considerate / changing the rules?

 

Yeah they'll probably hike the threshold from 800K to a million to compensate for Western currencies' slide against the baht.

Many Brits are heading home and I see the trend continuing for a while yet.

[Grouse]

1 hour ago, Laughing Gravy said:

I disagree as the majourity voted leave then exiting the EU is right. The exercise of democracy is right. I still can't get my heada round those who would rather be European than British. well there are 26 other countries you can try but I would hurry as there will be less and less as time goes by.

Any historian will tell you that assimilation and integration doesn't work effectively in a few decades. especially the way the EU has done it.  Destined for doom and Brexit is the trigger and catalyst. Hip hip hoorah

 

One has to respect the wishes of the majority. 

 

However, in this case, the majority decision was not the best decision. It would have been better to sort out any issues from within.

 

This is the problem with plebiscites. The majority do not necessarily have all the facts or draw the correct conclusions

 

If you have never lived and worked in other EU countries, you won't understand. I can't be bothered to spell it out for you. I guess it comes down to what you think a civilised country looks and feels like (clue: not like the USA)

 

Just watch what happens now. You will see even "remain" Tories reverting to type and looking to make hay. The masses will be worse off for sure.

 

BTW, don't be fooled by the rocketing FTSE100. This is fuelled by multinationals quoting foreign profits in pounds. Also, try revaluing in USD. Not so good now.

 

All the Brexiteers hoping to get better access to housing are also stuffed. Chinese cash is pouring in to buy up devalued British assets.

 

A perfect storm indeed!

[Laughing Gravy]

Brexit was always about one thing for me. Taking back control of the power to make our own laws. That is it. pure and simple.

The fact and process of doing this will allow a lot of the things that has caused many problems in the UK and is still continuing to do so.

[chiang mai]

4 hours ago, OMGImInPattaya said:

FTSE is also booming thanks to the courage of the Brexit Freedom Riders.

 

You're running loose in your loafers if you think that, the FTSE is booming as a result of a weakened Pound versus those FTSE companies with overseas earnings, that is THE single reason! Try revaluing those same companies in say USD and see how that "boom" simply evaporates!

[Humberstone]

4 minutes ago, Laughing Gravy said:

Brexit was always about one thing for me. Taking back control of the power to make our own laws. That is it. pure and simple.

The fact and process of doing this will allow a lot of the things that has caused many problems in the UK and is still continuing to do so.

 

NATO, WTO, etc..... ??? They' re all entangled in UK legislation. Are we going to leave these organisations as well?

[Grouse]

1 hour ago, Baerboxer said:

 

Not sure why Jeremy and his stuck in the 70's time warpers are anti EU. I thought they'd fancy the idea of a super federal socialist EU state. Guess they don't like the idea of someone else running things and bossing them about? 

 

Yes, it's an interesting point!

 

I don't look on the EU as being socialist per se. Certainly social democrat and pro social justice. 

 

I found living in EU countries to be very civilised. More so than UK or USA (or Thailand). Heavy taxes for sure, but civilised society.

[Laughing Gravy]

2 minutes ago, Humberstone said:

 

NATO, WTO, etc..... ??? They' re all entangled in UK legislation. Are we going to leave these organisations as well?

I am afraid these are totally different and on a different scale. NATO have no forced us with the ridiculous bombardment of rules and laws that are not suited or wanted by the British people. The EU is the worst of all. If you are upset there are still 26 countries that are still part of the EU for now that you can always go and work/live in, so there is choice for you, if that's what you want.

[Grouse]

10 minutes ago, Laughing Gravy said:

Brexit was always about one thing for me. Taking back control of the power to make our own laws. That is it. pure and simple.

The fact and process of doing this will allow a lot of the things that has caused many problems in the UK and is still continuing to do so.

 

Again, you clearly don't understand how the EU works.

 

Please provide examples of the "lots of things" that have caused problems for the UK?

 

We always have had power to make our own laws.

[jacko45k]

19 hours ago, KarenBravo said:

And since this is an expat's forum, the dive is great for those that bought assets here with Sterling.

As I said......it depends where you're standing.

Only if you plan to sell and repatriate the money.

 

Generally UK Expats will receive UK based pensions and keep most of their cash in the UK, and require to transfer it into Thailand to live on. For them, they have lost a severe amount of spending power.

[Laughing Gravy]

1 minute ago, Grouse said:

 

Again, you clearly don't understand how the EU works.

 

Please provide examples of the "lots of things" that have caused problems for the UK?

 

We always have had power to make our own laws.

I suggest you do your research. The ability to make many laws were taken away. I also found living in the EU countries years ago was pleasant but I couldn't not say that now. Certainly friends would disagree who live in Europe. If you can't find it just read up on the Treaty of Lisbon, Rome, Maastricht to name just a few. Read them and you will see your statement of 'we have always been able to make our own laws' is farcical.  I could send you links but I suggest you research it yourself.  I have to say Grouse you sound like Mr. Junkter himself.

[pitrevie]

11 minutes ago, Laughing Gravy said:

I suggest you do your research. The ability to make many laws were taken away. I also found living in the EU countries years ago was pleasant but I couldn't not say that now. Certainly friends would disagree who live in Europe. If you can't find it just read up on the Treaty of Lisbon, Rome, Maastricht to name just a few. Read them and you will see your statement of 'we have always been able to make our own laws' is farcical.  I could send you links but I suggest you research it yourself.  I have to say Grouse you sound like Mr. Junkter himself.

 

Personally I prefer to listen to Prof Michael Dougan who says otherwise and that the UK Parliament is supreme in the matter of law making but I guess he is just one of those pesky experts so what does he know about it.

[chiang mai]

"if you adjust for the fall in the pound, shares are barely up at all since the Brexit vote". 

 

http://www.dailymail.co.uk/money/comment/article-3821969/HAMISH-MCRAE-adjust-fall-pound-shares-barely-Brexit-vote.html

 

"Both indices were bolstered by the sell-off in the pound, as the weak currency boosts the earnings of London-listed companies with international profits that are now worth more in pounds and pence thanks to sterling's decline".

 

http://www.dailymail.co.uk/money/markets/article-3821269/FTSE-100-passes-7-000-nears-time-high-pound-slides.html

[Grouse]

21 minutes ago, Laughing Gravy said:

I suggest you do your research. The ability to make many laws were taken away. I also found living in the EU countries years ago was pleasant but I couldn't not say that now. Certainly friends would disagree who live in Europe. If you can't find it just read up on the Treaty of Lisbon, Rome, Maastricht to name just a few. Read them and you will see your statement of 'we have always been able to make our own laws' is farcical.  I could send you links but I suggest you research it yourself.  I have to say Grouse you sound like Mr. Junkter himself.

 

I think we can at least agree that the issue in complex, nuanced if you like. 

 

https://fullfact.org/europe/eu-facts-behind-claims-uk-influence/

 

https://fullfact.org/europe/british-influence-eu-council-ministers/

 

 

I did a huge amount of research BTW

 

I agree that immigration by Muslims has been a major negative on European lives generally. 

[rockingrobin]

Pound trading below 1.27 to USD 

[Grouse]

1 hour ago, pitrevie said:

 

Personally I prefer to listen to Prof Michael Dougan who says otherwise and that the UK Parliament is supreme in the matter of law making but I guess he is just one of those pesky experts so what does he know about it.

 

Here he is on the great repeal act

 

 

[joecoolfrog]

Here in the UK a lot of people are celebrating as if they had won the lottery , they see nothing but golden times ahead. After a year or so of rising inflation and the Spanish holiday proving rather expensive , reality will start to kick in.

[Baerboxer]

1 hour ago, Grouse said:

 

Yes, it's an interesting point!

 

I don't look on the EU as being socialist per se. Certainly social democrat and pro social justice. 

 

I found living in EU countries to be very civilised. More so than UK or USA (or Thailand). Heavy taxes for sure, but civilised society.

 

I think the EU is being steered to be left of center. When you see the leader of the conservative Christian Democrats in Germany is an ex Communist activist etc. Not saying that's good or bad. But that does often entail a reduction in real democracy as one German politician put it "elections mustn't change things!" By running things through appointed bureaucrats who only want to work with politicians with the "correct views". There will also be issues as some of the 27 members aren't taking kindly to Germany appointing themselves leaders and making decisions without any consultation that they then expect to impose.

 

I lived an worked in Germany, Netherlands and France and was a regular business visitor to Austria, Belgium and Italy; occasional visitor to Spain, Sweden, Denmark and Greece. As a broad generalization, all were pleasant enough. Especially Germany, Netherlands and France where people paid more attention to civility and life outside of work. UK has become much more like US where you have to be seen to be in the office long hours, including the weekend etc etc. The UK will now, I fear move more and more to the US model.