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The Collapse Of The Pound And The Effect On The El


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Getting even less for your money at airports now

 

 

http://www.standard.co.uk/news/uk/pound-to-euro-exchange-rate-travellers-at-uk-airports-offered-less-than-one-euro-to-the-pound-a3365531.html

 

As far as i know riders get paid in currency and not with shares for BP etc :P

Edited by iris123
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'Markets hate uncertainty' - but the FTSE is nudging 7100 today - the highest for some considerable time.

But this has very little to do with how things will end up for Joe Public. The ftse top 100 is made up of companies who are benefitting from the weak pound. A clearer indication is the ftse top 250 which is made up of more British based companies, who are struggling with the very poor exchange rates.

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And its just been announced on the 6 o'clock bbc news that petrol prices are about to rise by 5p a litre imminently. Directly caused by the brexit vote.

Who would have thought that a drop in the value of the pound would put the price of petrol and all imports up.

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Who is 'closing borders'? - that is just more simplified rhetoric. UK will certainly NOT be a closed area for immigrants but we will, at last, have the final say on just who is allowed in.. Of the many folks I have encountered post the referendum, the issue of sovereignty came up before that of immigration amongst those that voted 'out' =- that is the ability to hold our politicians to account for the way they run the country ( at the moment the EU partly runs the country) and to take the ultimate sanction should we not be best pleased.

 

Yes, there will be some short term pain, Sterling was over-valued anyway, but, in the long term, to be able to determine our own destiny is the overriding factor.( I seem to recall paying around £1.30 per litre for fuel not that long ago).

 

It is all very well playing on the downside of Brexit whilst conveniently ignoring the ongoing problems of staying in the EU.


But this has very little to do with how things will end up for Joe Public. The ftse top 100 is made up of companies who are benefitting from the weak pound. A clearer indication is the ftse top 250 which is made up of more British based companies, who are struggling with the very poor exchange rates.

 

As of today, it (FTSE 250) is higher than it was the day before the referendum!

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Who is 'closing borders'? - that is just more simplified rhetoric. UK will certainly NOT be a closed area for immigrants but we will, at last, have the final say on just who is allowed in.. Of the many folks I have encountered post the referendum, the issue of sovereignty came up before that of immigration amongst those that voted 'out' =- that is the ability to hold our politicians to account for the way they run the country ( at the moment the EU partly runs the country) and to take the ultimate sanction should we not be best pleased.

 

Yes, there will be some short term pain, Sterling was over-valued anyway, but, in the long term, to be able to determine our own destiny is the overriding factor.( I seem to recall paying around £1.30 per litre for fuel not that long ago).

 

It is all very well playing on the downside of Brexit whilst conveniently ignoring the ongoing problems of staying in the EU.

 

As of today, it (FTSE 250) is higher than it was the day before the referendum!

As are the FTSE 350 and UK Small Cap Index.

Many UK shares have made about 20% growth since June, all good stuff.

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There's a very simple reason why people voted to leave the EU.

 

It's because they are primarily racist (Phil Rising aside). ;)

 

Sadly, many don't even possess the gonads to even admit it.

Edited by The Voice Of Reason
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There's a very simple reason why people voted to leave the EU.

 

It's because they are racist.

 

Sadly, many don't even possess the gonads to even admit it.

:rofl: You have not got a clue have you, there were many different reasons for people voting to leave the eu.

Edited by A ORLOV
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It;s rare to hear an English voice in Thetford today.

It's rare to hear a Spanish voice in Benidorm; or a Portuguese voice around The Algarve - particularly this time of year (and thereafter until the end of March).

 

And your point is?

:rofl: You have not got a clue have you, there were many different reasons for people voting to leave the eu.

Well those waiting for the £350 Million coming back into our economy/NHS (possibly you included) are going to have a bleedin' long wait!
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DO you honestly think the Germans won't want to sell their cars and washing machines, etc in the UK? It's not a one-way street, they get more from us than the other way round. Loads of countries outside the EU desperate to do trade with us. Roll on Brexit ... but back to the speedway.

 

Want to? Of course.

 

Able to when they cost 20% than they do now. Maybe not?

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It's rare to hear a Spanish voice in Benidorm; or a Portuguese voice around The Algarve - particularly this time of year (and thereafter until the end of March).

 

And your point is?

Well those waiting for the £350 Million coming back into our economy/NHS (possibly you included) are going to have a bleedin' long wait!

The way things appear to be going it could be sooner than many think.

Edited by A ORLOV
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wow... you are so wrong. Some maybe but not everyone.

Then let's just say 'most'.....according to people I've spoken to; quite a few of whom incidentally now admit they feel they were shafted.

 

Denied?

 

Look at opinion polls over the past month.

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We'll still buy cars, one less German one sold could be a british made one, or maybe not.

But it is likely to be thousands not bought here Deano, unless they drop the prices, rather than one.

Edited by A ORLOV
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I thought about putting that on here but thought it would just lead to a load of abuse so left it. Rare that you and I agree on a topic.

Agreed.

 

However Steve, let's not forget that it was your Muppet Cameron that got us into this godforesaken mess in the first place!

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