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The Collapse Of The Pound And The Effect On The El


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Let's get things into perspective. The Euro over the past few weeks has been as low as 1.07.

 

Selective percentages; typifies the rhetoric from pro-Brexiters.

 

Anyway, that aside, when's the 350 Million per week being invested back into the NHS?

 

Meanwhile, despite being told "Brexit means Brexit", dear old Mrs. 'Safe Hands' still hasn't answered ANY of the 230 questions Mr. Corbyn furnished her with a fortnight ago.

The lowest the euro has been is 1.096 on Oct 11 and that was just for one day, the mean low average has been 1.10

http://www.xe.com/currencycharts/?from=GBP&to=EUR&view=1M

 

Not selective %, they are the % relating to the change in the currency.

 

If you and others read what was mentioned properly it was never said that £350 million a week would be invested in the NHS. If you think it did from an official source and not a dodgy one, show the statement on here.

 

If any money was going to go to the NHS it would be after we stopped paying it in to the disaster called the eu.

Edited by A ORLOV
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You need to know what you are talking about pal.

 

XE Currency Exchange does not indicate the price of the Euro Rate at time of purchase by the average Brit - buying their currency via travel agent outlets, the Post Office, etc.

 

Last week, a close friend obtained a rate of 1.067 for his holiday in Lanzarote. To say it hasn't dropped to this rate is utter BS - he showed me his purchase slip in the pub on Friday.

 

Moreover, and just for the record, I did NOT believe a word of the 350 Million stated by utter lying scum such as Farage; nor Johnson, Gove and the other cronies. Worryingly, it's people of your ilk that possibly did.

 

As I've said before, with no economic plan to substantiate the reason for voting out; and having spoken to many people who did; their decision was simply based upon immigration; and their belief in the utter bile spewed up by rags such as The S*n. Not surprising given their usual ill-informed, racist rants.

Edited by The Voice Of Reason
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The £ has only dropped 14% from 1.30 to 1.12. If you work the percentage from 1.12 to 1.30 the change is 17%, so either way 20% is taking advantage.

The pound was as high as 1.42 only a year ago. It has progressively decreased against the euro (and dollar) ever since talk of a Brexit vote.

 

That of course is the interbank rate. The reality for most people is they'll get a much worse exchange rate if they buy goods in euros or change money.

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You need to know what you are talking about pal.

 

XE Currency Exchange does not indicate the price of the Euro Rate at time of purchase by the average Brit - buying their currency via travel agent outlets, the Post Office, etc.

 

Last week, a close friend obtained a rate of 1.067 for his holiday in Lanzarote. To say it hasn't dropped to this rate is utter BS - he showed me his purchase slip in the pub on Friday.

 

Moreover, and just for the record, I did NOT believe a word of the 350 Million stated by utter lying scum such as Farage; nor Johnson, Gove and the other cronies. Worryingly, it's people of your ilk that possibly did.

 

As I've said before, with no economic plan to substantiate the reason for voting out; and having spoken to many people who did; their decision was simply based upon immigration; and their belief in the utter bile spewed up by rags such as The S*n. Not surprising given their usual ill-informed, racist rants.

I am using official exchange rate changes not what the average Brit gets ripped off for, official exchange rates are set each day by the banks, not some holiday money rip off exchange centre, and the figures I gave were the official exchange rates, ie the change in the value of the £. So the drop in the value of the £ since the referendum vote is as I posted and not 20%.

You were the one who asked when is the £350 Million going to be invested in the NHS, not me as I realised what the statement meant.

The pound was as high as 1.42 only a year ago. It has progressively decreased against the euro (and dollar) ever since talk of a Brexit vote.

 

That of course is the interbank rate. The reality for most people is they'll get a much worse exchange rate if they buy goods in euros or change money.

And in 2009 the £ was worth 1.03 euro so today the value of the £ has increased, what period do you want to use.

 

There is no point people picking a rip off exchange company for their holiday money to quote exchange rate changes, you could go to 10 different exchange sites and get 10 different % changes.

 

So to get a correct % drop you have to use an official rate.

 

Does a company when buying goods from abroad go to a currency exchange shop and change their money which they then send to a foreign supplier, no they use a bank and get a bank exchange rate.

Edited by A ORLOV
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Which is still usually between 2 and 3% worse than the interbank rate.

So if the rate was 3% worse on June 23rd and is 3% worse today the % drop would be the same as the interbank rate drop, the difference between buying and selling might be greater but we are not discussing that.

Edited by A ORLOV
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The £350M was, quite obviously, said 'tongue in cheek'. Clearly it flew over your barnet.

 

Just to add that you are quite selective in your responses.

 

No comment upon the hundreds of unanswered questions raised by the Labour Party to 'safe hands'?

 

No comment about the main reason people voted for Brexit was due to figures/scaremongering/lies concerning immigration?

 

Clearly you voted for Brexit. Any chance of explaining precisely why?

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So if the rate was 3% worse on June 23rd and is 3% worse today the % drop would be the same as the interbank rate drop, the difference between buying and selling might be greater but we are not discussing that.

 

Precisely, it's horses for courses. It appears they quote the interbank or the buy or sell rate which ever suits their argument best.

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The £350M was, quite obviously, said 'tongue in cheek'. Clearly it flew over your barnet.

 

Just to add that you are quite selective in your responses.

 

No comment upon the hundreds of unanswered questions raised by the Labour Party to 'safe hands'?

 

No comment about the main reason people voted for Brexit was due to figures/scaremongering/lies concerning immigration?

 

Clearly you voted for Brexit. Any chance of explaining precisely why?

So the point about the £350 million was tongue in cheek, aren't you clever.

I answered all of the points apart from Corbyns questions.

OK I will answer that one, the government have got more important things to do than answer hundreds of pointless questions, no doubt most of which might give away some of the stances that will be taken during the negotiations. Most sensible people do not tell the opposition what they are going to do before the start of any negotiations.

 

There was no point about the main reason people voted for Brexit.

 

I voted to get out because ever since the Masstricht treaty it became obvious the direction the eu was going in was too much central control.

It has been proven time and time again that those in charge of the eu are not listening to the people of europe and they seem to be living in their own world. The elections next year might show this.

You cannot have one interest rate for all the countries in the euro area which all have different GDPs, what is right for Germany is not right for Greece etc

I want my grandchildren to be able to find and afford to buy a house when they grow up. House prices in this country are high enough but with unlimited immigration they will become more expensive due to supply and demand. We need to build millions of houses but for Brits not foreigners and in areas where industry and manufacturing can provide employment for our own people.

Most of our infrastructure, services, hospital, schools, doctors etc are struggling with the present population. Yes we need people from abroad for skill and job shortages, what we do not need is unlimited people who we have been told by the eu that we have to pay benefits and are a net cost to the economy. Ironically we have now been able to stop this for a short period of time and guess what has happened, Germany now wants to follow our idea and not pay benefits.

With unlimited immigration many unskilled from abroad are taking jobs that unemployed Brits should be doing.

If we want to export goods to a foreign country we have to abide by eu rules and regs.

If we want to import goods from a foreign country we have to abide by eu rules and regs.

Trying to get 38 countries to agree to anything is a nightmare so progress within the eu is slow or sometimes impossible, the example with Canada this week confirms this.

Our govt is answerable to the public and however small the influence can be made to change their minds. You are wasting you time trying to change anything at Brussels.

I am convinced the eu will implode because of various factors so why continue to be part of it.

There are lots more reasons, too numerous to list.

 

In fact I posted on here before the referendum that I would have been happy to vote for an option to give the eu two years to make reforms before we decided what to do, but that option was not available, so I voted for the next best option.

Cameron coming back from Brussels with the offers he had negotiated just proved that the eu has not got a clue about what is happening.

Edited by A ORLOV
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I voted to get out because ever since the Masstricht treaty it became obvious the direction the eu was going in was too much central control.

It has been proven time and time again that those in charge of the eu are not listening to the people of europe and they seem to be living in their own world.

 

They have to listen to the people and they have to listen to our elected governments.Crazy to think that the EU don't listen to Merkel.They do.If they didn't listen to Cameron,then we all have to ask why.And why did the UK hardly ever use its veto against things it disagreed with?

 

 

 

Trying to get 38 countries to agree to anything is a nightmare so progress within the eu is slow or sometimes impossible, the example with Canada this week confirms this.

 

Our govt is answerable to the public and however small the influence can be made to change their minds. You are wasting you time trying to change anything at Brussels.

I am convinced the eu will implode because of various factors so why continue to be part of it.

There are lots more reasons, too numerous to list.

 

 

As has been said numerous times the fact that the deal with Canada hasn't been signed is because a tiny regional parliament doesn't agree with it.Surely this is exactly what you say doesn't happen.The EU are having to listen to the people and their representatives.This is democrcy at work or would you rather the EU steamroller over the people?Thought not.At least it isn't what you have been saying

 

As for the government that you feel should have more power.Well firstly they are the people letting all and sundry into the country.They don't have to.They agreed to.It is also the government who are being steamrollered over by a subsidiary of a Spanish company.Money talks and our elected government know don't really like making hard decisions.Doesn't bode well for Brexit talks.......

 

http://www.standard.co.uk/comment/comment/simon-jenkins-expanding-heathrow-will-be-a-monumental-blight-on-west-london-a3378226.html

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They have to listen to the people and they have to listen to our elected governments.Crazy to think that the EU don't listen to Merkel.They do.If they didn't listen to Cameron,then we all have to ask why.And why did the UK hardly ever use its veto against things it disagreed with?

As has been said numerous times the fact that the deal with Canada hasn't been signed is because a tiny regional parliament doesn't agree with it.Surely this is exactly what you say doesn't happen.The EU are having to listen to the people and their representatives.This is democrcy at work or would you rather the EU steamroller over the people?Thought not.At least it isn't what you have been saying

 

As for the government that you feel should have more power.Well firstly they are the people letting all and sundry into the country.They don't have to.They agreed to.It is also the government who are being steamrollered over by a subsidiary of a Spanish company.Money talks and our elected government know don't really like making hard decisions.Doesn't bode well for Brexit talks.......

 

http://www.standard.co.uk/comment/comment/simon-jenkins-expanding-heathrow-will-be-a-monumental-blight-on-west-london-a3378226.html

They listen to Merkel because she controls who gets what loans, germany is financing all the dead wood in the eu, I wonder what will happen to the eu when they cannot pay it back.

It will not be too long before the rest of the eu try to vote to change the rules on treaties, or bribe those who voted against the deal.

But what the Walloons has proved is the difficulty in getting agreement from all 38 countries on anything.

If this deal is not agreed by next monday it is likely the TTIP will not be agreed either.

 

I agree that we also need to clamp down on all immigration, not just that from the eu.

Edited by A ORLOV
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Nearly as shallow and low as an unelected monarch; with over 40+ years of tax-dodging to her name, whilst:

 

- Presiding over a Country wherein 1 in 4 of its' children are living below the poverty line.

 

- Allowing her armed forces to illegally invade foreign lands; and to subsequently maim and kill totally innocent human-beings .....in the name of 'democracy and freedom'.

 

I could (unfortunately) go on with many more examples of her utter contempt for her 'loyal subjects'.

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Nearly as shallow and low as an unelected monarch; with over 40+ years of tax-dodging to her name, whilst:

 

- Presiding over a Country wherein 1 in 4 of its' children are living below the poverty line.

 

- Allowing her armed forces to illegally invade foreign lands; and to subsequently maim and kill totally innocent human-beings .....in the name of 'democracy and freedom'.

 

I could (unfortunately) go on with many more examples of her utter contempt for her 'loyal subjects'.

Oh really! The monarchy in UK is a constitutional one - the monarch doesn't send anyone to war, is not responsible for poverty. It is governments that do all that - do you ever listen to the Queen's speech - 'my government will introduce a bill' and so on. . The Queen cannot refuse to give 'consent' to an Act of Parliament she does not, personally, agree with. The buck, as they say in the States, rests with the government of the day.

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do you ever listen to the Queen's speech -

Why of course!

 

Christmas Day just wouldn't be the same without it.

 

And as long as I've got a new Union Jack under the tree to stand there waving, I just know that another year in Paradise has been truly complete.

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Why of course!

 

Christmas Day just wouldn't be the same without it.

 

And as long as I've got a new Union Jack under the tree to stand there waving, I just know that another year in Paradise has been truly complete.

The speech I was referring to was the 'opening of Parliament' one - I think you are letting your hatred get the better of you - paradise, or otherwise, is not the Queen's responsibility. She is on all our coinage and banknotes, it must hurt when you transact in cash!

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