Brexit

Brexit, Stay or Leave.

  • Stay

    Votes: 28 59.6%

  • Leave

    Votes: 19 40.4%
  • Total voters
    47
icebreaker said:
So, the FTSE100 ends the week 2% Up.
The Pound climbs back to 1.23 at close of trade.

Not the Armageddon I was told would come.
Click to expand...
The pound was 1.30 yesterday so that's not great.
As far as the FTSE is concerned, it will follow the Dow Jones but the immediate concern is the banking stock which forms the basis of many a pension fund.
Very early days and no immediate need for elation or despair. The Leave group seem shocked by their success and are in the forefront of calls to go slowly. There isn't/wasn't even a Plan A never mind a Plan B.
 
archie said:
2 questions about Scotland:

- is a unilateral second independence referendum binding on the UK government?

- I believe that Brexit terms have to be endorsed by the Scottish parliament. Can this be withheld completely or would it just be a delaying tactic?
Click to expand...


Let me try and answer that, Arch.

1. The Westminister Government (in practical terms) only holds precedence over the Edinburgh Parliament, by mutual consent. There is precisely nothing - nothing - the UK Government can do, to prevent separation, if that's what Scotland wants. Unless, of course, it chooses to deploy UK troops against its rebellious Northern outpost....which would rather defeat the purpose.

2. This point is rendered invalid, by the above. The Scottish Parliament will (and are) actively promoting dialogue with EU institutions, to define Scottish EU membership status as a seperate entity, regardless of what Westminister wants.


I was a staunch supporter of a No vote during the Scottish IndyRef - a decision I am happy to stand behind. However, this was - in part - due to concerns about Scotland's questionable status as an EU member, in the event of independence. I never, at any point, figured that this would be in jeopardy, during this particular referendum - yet here we are.

I find it a crying-shame that, on the back of this vote, I'm essentially forced to change allegiance - from my natural inclination as a believer in the UK. The UK that I believed in - the clued-up, savvy, inclusive, progressive and confident-enough-to-lead coountry, is apparently no more. It transpires that it's a cowardly, insular and hubristic sham.

When I start supporting an independent Scotland, you can rest-assured that things are basically broken beyond repair. Without being too melodramatic, the United Kingdom feels like paradise lost tonight, and far too many of our citzens have taken what we are really respected for, for granted.

What could have been.
 
Last edited:
archie said:
The pound was 1.30 yesterday so that's not great.
As far as the FTSE is concerned, it will follow the Dow Jones but the immediate concern is the banking stock which forms the basis of many a pension fund.
Very early days and no immediate need for elation or despair. The Leave group seem shocked by their success and are in the forefront of calls to go slowly. There isn't/wasn't even a Plan A never mind a Plan B.
Click to expand...

again a quick look tells us more

barclays stocks fell but are still above a low point in march. RBS are lowest of year but only just. HSBC barely moved

bank shares have been falling all year. As ever wider concerns than brexit drive the true picture

http://www.wsj.com/articles/deutsch...ain-as-european-banks-get-pummeled-1454962727
 
It is the emerging markets where economic growth is going to come in the future – Asia, Latin America and Africa – not Europe. And now we can go and deal with them directly. Indeed we can resurrect our old Commonwealth links without needing foreign permission – that’s called sovereignty. That will be great for British ingenuity, British skills, British engineering and British trade.
Click to expand...

apparently this is "insular".

Trade to the eu has been falling steadily over the last decade anyway.

And the eu has never managed to come to any sort of trade agreements (not that they are vital) with the vast majority of countries on that list
 
USA - No Trade Deal (Negotiating but ended up with the terms of TTIP which looks like it will collapse )
China - No Trade Deal
Japan - No Trade Deal
Singapore -No Trade
India -No Trade Deal
Brazil -No Trade Deal
Argentina - No Trade deal
Chile - No Trade Deal
Hong Kong -No Trade Deal
Canada - No Trade Deal (Negotiated agreement vetoed by Romania in a dispute about visas)
Russia - No Trade Deal
Australia - No Trade Deal (Negotiated agreement vetoed by Italy in a dispute about tomatoes)
Indonesia - No Trade Deal
Saudi Arabia - No Trade Deal
United Arab Emirites -No Trade Deal
Argentina - No Trade Deal
Taiwan - No Trade Deal
Thailand - No Trade Deal
Every country on the Continent of Africa apart from Morocco, Algeria, Tunisia, Egypt and South Africa -No Trade Deal[FONT=Guardian Text Sans Web, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif]s[/FONT]
 
clivex said:
USA - No Trade Deal (Negotiating but ended up with the terms of TTIP which looks like it will collapse )
China - No Trade Deal
Japan - No Trade Deal
Singapore -No Trade
India -No Trade Deal
Brazil -No Trade Deal
Argentina - No Trade deal
Chile - No Trade Deal
Hong Kong -No Trade Deal
Canada - No Trade Deal (Negotiated agreement vetoed by Romania in a dispute about visas)
Russia - No Trade Deal
Australia - No Trade Deal (Negotiated agreement vetoed by Italy in a dispute about tomatoes)
Indonesia - No Trade Deal
Saudi Arabia - No Trade Deal
United Arab Emirites -No Trade Deal
Argentina - No Trade Deal
Taiwan - No Trade Deal
Thailand - No Trade Deal
Every country on the Continent of Africa apart from Morocco, Algeria, Tunisia, Egypt and South Africa -No Trade Deals
Click to expand...


Sounds good, in the same level of argentina, a country doing really well in the last décadasdécadas
 
Last edited:
tiggers1972 said:
I’m a bit shocked at the level of outbursts about a democratic result. Would we have been equally crowing about a remain result?
Farage is a muppet and a freeloader. Most of those 17m people didn’t vote leave because of immigration – he just hijacked the agenda and is riding the wave. This great country has always been a land of immigrants going back thousands of years and it will continue to be so moving forward.
It is the emerging markets where economic growth is going to come in the future – Asia, Latin America and Africa – not Europe. And now we can go and deal with them directly. Indeed we can resurrect our old Commonwealth links without needing foreign permission – that’s called sovereignty. That will be great for British ingenuity, British skills, British engineering and British trade.
It doesn't mean we will neglect Europe nor will they neglect us in this new global economy.
Yes there will be short term economic repercussions but we will always come back stronger. We are one of the biggest economies in the world. The fact that the French, the Danes and the Dutch [and probably more in the coming weeks] are now also starting to make noises about similar referendums shows that there is something fundamentally wrong with the EU. So now is the time for the fat cats in Brussels to sit up, tighten belts, take note and actually do something about it before it goes any further. That means you Messrs Tusk and Juncker – you don’t **** on a nation that bailed Europe out of its wars twice last century. DC tried and tried to get you to listen and understand but you guys shunned him and I feel sorry for him. At least he is man enough to fall on his sword so respect to him as he had the hardest job.
Anyhow – I’m off to buy a pound of curved bananas.
Click to expand...

This is all drivel, considering we have already voted to exit the EU. There is no point in suggesting an institution needs to change, if you have already cashiered your membership.

This is typical of Leave fu*ckwittery, and after-the-fact pontification. Enjoy making your tinpot little country (which is what it will imminently be exposed as) work in the 21st Cenytury, is my advice.


PS. Please don't take personal offence. My rant is borne of the opportunity and potential that has effectively been theived from the grasp of my children.

PPS. In fact, I retract my apology - you are just a shower of cunts.

PPPS. Sorry.....so sorry......I have had a good go on the potion today (to get over the result) so - seriously - please forgive/ignore me.
 
Last edited:
Grasshopper said:
Just for the record.......and just so that everyone knows......this link was not found.

Try again.
Click to expand...

no but if you could stop acting and sounding like the pisshead juncker you would quickly see that the lowest the ftse has been this year is 5537 which is about 10% lower than it is now
 
Seriously?

Clive, I've never met you, and as a result, I always afford you the respect of the additional 'x' (which is one less 'x' than you sported when I first encountered you on TRF a million years back).

Surely, after all this time, you don't think you can get this kind of misdirection past me? I may be a bit trousered, but history suggest that this is when I'm at my rapier-best :whistle:......especially when it comes to sending lazy efforts like this RTS.

Have a nice day in Richmond/Twickenham tomorrow. With any luck, the Thames will rise just high enough to destroy your gay porn collection, and ruin your weekend.
 
Last edited:
clivex said:
the point is clear that brexit isn't the only reason for bank falls. I didn't see to much concern online in February and it wasn't just deutches. It was everywhere

no it's not good that there have been falls but they have to be seen in context
Click to expand...

Your problem - true to type - is that the bottom-of-the-barrel is what you see today, and no more.
 
Grasshopper said:
$1.23 buys a £1 and there's nothing to worry about?

I respect you, Ice, but this is Grade A horses*hit.
Click to expand...

I imagine Icebreaker has shown you a € price and you've inserted the $

The last price for the USD i saw was $1.3766, which given that its driven me mad all day, I'm now trying to configure a bloody plug-in to update this for me!!!
 
clivex said:
no it's not good that there have been falls but they have to be seen in context
Click to expand...
With respect, I think the context is that no-one but no-one, including Leavers, really believed that this would happen so everyone is now in a blue funk and creating the vacuum that nature abhors.
 
Warbler said:
I imagine Icebreaker has shown you a € price and you've inserted the $

The last price for the USD i saw was $1.3766, which given that its driven me mad all day, I'm now trying to configure a bloody plug-in to update this for me!!!
Click to expand...

More misdirection from Leave muppets.

Actually, I'll give Ice this one........but clarity in these matters is paramount.

As an act of contrition, I am now writing Ice a cheque for £350M.
 
Here's one for Icebreaker, Clivex and whoever else.

We're just 8 years on from the collapse of Lehman brothers, the run on European and British banks etc...
Do you not think, the reason we've kept our Triple A credit rating, and the investors have been optimistic about us, is the fact that compared to other European counterparts, we've been doing quite well.
We are destined to be a separate entity now, thus world markets will now start judging us alone, with a more forensic and unforgiving analysis of the nations finances

My feeling (I hope I'm wrong), is that the uncertainty of a new Prime Minster, a possible general election, a Scottish referendum, a very real and plausible downward curve of U.K growth, etc etc etc, does actually make us more susceptible to a financial downgrade in the overall world economy, if not small scale (possibly 'unofficial') recession at some in-the-not to distant future? Is this true or false?

I hope this makes some small sense, I await your answer too.
 
Last edited:
clivex said:
what are you talking about?

i think you are just seeing the bottom of your glass
Click to expand...

You take a snapshot of the markets.....measured across a timespan of One Business Day........and suggest that it is conclusive of the benign impact of Brexit.

How many of your clients are still going-concerns?
 
archie said:
With respect, I think the context is that no-one but no-one, including Leavers, really believed that this would happen so everyone is now in a blue funk and creating the vacuum that nature abhors.
Click to expand...

i know that but I'm talking about the share prices only which was the conversation

the he worst aspect of this is going to be the energy sapping negotiations. But even if we had stayed in it would be an endless battle although I would suggest maybe one worth winning. I was shocked by the result and would even have been happier with the prospect of a vote that frightens the eu into fullreform but as tigers rightly alluded to that scare will more likely occur wit the actual fact of leaving rather than the near miss

the other side of the coin is that the Netherlands and Germany and scandi states are short of one significant oartner . Where will this lead?
 
Back
Top