Viewing 15 posts - 1 through 15 (of 218 total)
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  • #1747268
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    pommehomme
    Participant
    Joined: 03 Jan 2010
    Location: N/A
    Total posts: 888

    Congratulations, Great Britain, on taking steps to ensure that the £ reaches its lowest value in 31 years. I always knew that something good would come out of brexit!


    #1747272
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    Chanceux
    Participant
    Joined: 17 Mar 2010
    Location: Picardie
    Total posts: 13130

    Lowest value against what currency?

    Certainly not the Euro.


    #1747273
    heatheranne
    heatheranne
    Participant
    Joined: 22 Dec 2005
    Location: Mossy Bottom
    Total posts: 503

    and yet the FTSE 100 is hitting an all  time high. Someone is manipulating the markets me thinks to make a nice little pot of gold. Talking it down and driving it up.

     

     

     

     


    Welcome to the Stone Age.

    #1747275
    Spotty
    Spotty
    Participant
    Joined: 02 Mar 2009
    Location: Spottyville sur Hoegaarden & 85 because the UK is a dump !
    Total posts: 5829

    Good for exports


    Je suis Spotty - FSM, he boiled for our sins !

    #1747278
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    lindal1000
    Participant
    Joined: 09 Jun 2011
    Location: france
    Total posts: 4844

    Against the dollar Chancer..and this article explains why and how Share values, the FTSE and the value of the currency are related.
    https://medium.com/@david_gould/shares-have-gone-down-in-value-since-brexit-955a3e157cd1#.p8qv4kkx9

    However, for me the all time low today was the utter sh*te from the mouths of the unelected neo fascist dictatorship that the conservative government has become. Liam Fox saying EU migrants are his best bargaining chip, David Davies Saying 75000 jobs are a price worth paying, Amber Rudd saying people will be deported for minor crimes and Mayhem saying that foreign doctors won’t be needed in 10 years (and I won’t even begin to explain why funding 1500 more places at med school won’t even come close to solving the problem of not enough trained staff to care for the ageing British population).
    I have never felt so ashamed to be British..what a vile place.

    The good news is that the new UKIP leader Diana James has resigned after just 19 days. Maybe they discovered that she actually lives in France for most of the year. Of course it could mean the return of Nigel, although the rumour is he is currently under investigation by the German police for lying about his residency on his application for German citizenship (allegedly).


    #1747280
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    Chanceux
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    Joined: 17 Mar 2010
    Location: Picardie
    Total posts: 13130

    Hmm, I get what he is saying in the article but when you read gems like the following it does make me question the validity of the rest of it:

    Everything that’s priced in Pounds is worth a quarter less than it was at the Pound’s peak. That’s your savings, your investments, your rent, your mortgage, your wages etc.
    Because businesses’ wage bills and rent have gone down as well, chances are most goods will remain the same price.

    Anyone know of any businesses whose wage bills and rents have gone down 25% since the vote? :???:

    My shares are finally now worth double what I paid for them in 1997 IIRC, not much of a long term return but as they were worth one 3rd of their initial value for most of that time I am well pleased, I am finally tempted to sell but then I would increase my £ savings by 100% but I would no longer get the dividends which were very good compared to the interest I wont get but do I want to keep £’s at the moment? You may have made the right move and I am also being swayed by JSKS’ decision.

    I will probably do nothing as usual and live to regret it yet again.


    • This reply was modified 04 Oct 2016 23:44 by  Chanceux.
    #1747283
    andy72
    andy72
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    Joined: 26 Oct 2008
    Location: Charente and NOT Milton Keynes
    Total posts: 7939

    Lowest value against what currency? Certainly not the Euro.

     

    No against the USD. Most raw materials that the UK imports as well as fuel is priced in USD.

     

     

    The problem for many UK based businesses is that much of what they buy to make or sell has to be imported which is going to cost them much more in the future. The cost of Brexit hasn’t really started yet.


    Starve the troll

    #1747286
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    plog
    Participant
    Joined: 07 Apr 2008
    Location: 09
    Total posts: 1769

    The FTSE is doing well because a lot of it’s earnings are generated non sterling.

    There was a piece in the Guardian of all places yesterday commenting on how the Chinese are spending hand over fist in British stores for often foreign brand name goods, and how good this was a good thing. Worryingly there was no balancing comment about what is going to happen to prices when the stores try to restock up with those foreign goods in the next few days and weeks…the whole story is going to be repeated across retail and manufacturing..and then there’s fuel prices…

    LIndal I agree with your post, the current posturing is vile. Does anyone seriously think it will all be OK because the UK will suddenly be awash with doctors, cheap housing for all, free ice creams for everyone and a unicorn on every corner?


    • This reply was modified 05 Oct 2016 05:34 by  plog.
    #1747288
    tim17
    tim17
    Participant
    Joined: 19 Jun 2004
    Location: 17
    Total posts: 2890

    Like many if not most on here I wanted the UK to remain in the EU, however the vote (although very close) was for Brexit so there is absolutely no point in continuing with the ‘it’s not fair’/ ‘let’s have another referendum’ cr*p.

    Being the party in power the Tories have no choice but to follow through with Brexit so what do people expect from May and co? Immigration is a problem and needs controlling so why not have strict criteria on getting into the country, just look at the problems Sweden and Germany are now having.

    If people think the UK is fooked what about France, 2017 is election year so the choice is likely to be Hollande again, Sarkozy again or Marine Le Pen. You really think the UK is in a worse place than France?


    Experience is simply the name we give our mistakes (Wilde)

    #1747291
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    lindal1000
    Participant
    Joined: 09 Jun 2011
    Location: france
    Total posts: 4844

    I expect them to do it in a reasoned, fair way. I expect them not to continue with the everything is the fault of someone else line.., I expect them to do it in a way that puts all options on the table and not just the agenda of the extreme right..(By the way, their attitude to foreigners in the NHS is nothing to do with brexit, since most doctors born overseas are from India..EU trained Doctors make up a small percentage of those in the NHS, and in nursing , the majority of foreign trained nurses are from the Philippines).

    All of Europe is bankrupt, since it has continued to borrow money it doesn’t have. The national debt is about the same in the UK and France and now the UK, like France, has abandoned all hope of getting it under control, so I’d say it’s even Stevens on that one.

    It seems quite likely that Marine LP will make the second round but not against ‘psychozy’. Alain Juppe is still the most likely right candidate.

    I’m not complaining about brexit and I don’t think anyone in this thread has mentioned another referendum. I think it’s a bad decision but at the end of the day, whilst sad, it won’t make a huge difference to me, when what’s left of the UK drifts off into the Atlantic. I’m complaining about the worst ultra right government that I can ever remember. At least Maggie had some decent and capable ministers in her government and never stooped to blaming Johnny foreigner for the mess she was in.

    Ps. I would imagine there are an awful lot of conservative MPs who might agree with me.


    • This reply was modified 05 Oct 2016 08:19 by  lindal1000.
    • This reply was modified 05 Oct 2016 08:22 by  lindal1000.
    #1747298
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    pommehomme
    Participant
    Joined: 03 Jan 2010
    Location: N/A
    Total posts: 888

    The FTSE is doing well because a lot of it’s earnings are generated non sterling.

    <hr>

    Apparently the FTSE 100 companies generate 75% of their income from abroad, which income is now worth so much more when converted to £ Sterling, and this is the reason why their share values have soared whilst the £ has plummeted. As the economic crisis in the UK worsens – which surely it will do – might not these companies think that their interests will be better served if 100% of their income comes from abroad. Where then will be the hollow promise – ‘British jobs for British workers’? Maybe it will be modified to – ‘What few British jobs there are will be for British workers’? And they’ll be thousands of British applicants for every one of those few British jobs – oh, except those that are physically hard, dirty and pay only the minimum wage. In response to those, British workers still will say: ‘I wouldn’t get out of bed for that money to do that job’. Life’s so much easier on benefits. And maybe even the Eastern Europeans won’t be interested in those jobs when they’re told that they can come to the UK to do the job, without any entitlement to any rights whatsoever, but when (if?) a British worker comes along and says that he/she will do the job, they’ll be booted, unceremoniously, out of the job and out of the country.


    #1747301
    andy72
    andy72
    Participant
    Joined: 26 Oct 2008
    Location: Charente and NOT Milton Keynes
    Total posts: 7939

    Like many if not most on here I wanted the UK to remain in the EU, however the vote (although very close) was for Brexit so there is absolutely no point in continuing with the ‘it’s not fair’/ ‘let’s have another referendum’ cr*p. Being the party in power the Tories have no choice but to follow through with Brexit so what do people expect from May and co? Immigration is a problem and needs controlling so why not have strict criteria on getting into the country, just look at the problems Sweden and Germany are now having. If people think the UK is fooked what about France, 2017 is election year so the choice is likely to be Hollande again, Sarkozy again or Marine Le Pen. You really think the UK is in a worse place than France?

    <hr />

    Experience is simply the name we give our mistakes (Wilde)

    Tim, the noises coming out of the UK are very worrying. I am hoping that the post referendum posturing by the Tories is just an attempt to nuetralise UKIP and keep the hardline Brexiters onside and that when we get nearer the leave date that common sense prevails and that the UK goes for a Brexit that does not ruin the UK economy as a price worth paying to pander to xenophobia and intolerance. If that route is taken then I think many former Tories will be looking for another political party to join, one that resembles the Tory party they used to believe in and not a coalition of UKIP the BNP and the closet fascists sitting on their own back benches. One thing seems certain and that is if they do choose a UKIP Brexit then it will be difficult for them to pin the blame for the outcome on anyone else other than themselves come  2020 although you can bet they will try to.


    Starve the troll

    #1747304
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    pommehomme
    Participant
    Joined: 03 Jan 2010
    Location: N/A
    Total posts: 888

    You are, I fear, out of touch with an alarming proportion of ‘mainstream’ England, I fear, andy72. The brexit vote seems to have legitimised the xenophobic views that, for decades, have simmered just below the surface. And those views are, I fear, gaining credence and acceptance. And if, as I suspect, the UK slides into economic depression, xenophobia – and all its equally unpalatable brethren – will become more widely and readily accepted. Those who feel disadvantaged and become impoverished will want someone to blame and foreigners will, inevitably, become their scapegoats.

    But that xenophobia could become more insidious yet. Yesterday I was speaking with someone in the UK who, I know, voted to leave the EU. Our conversation touched upon the ‘immigration’ issue. She hastened to explain to me that it wasn’t foreigners, per se, that she disliked and it wasn’t all foreigners that she wanted ‘sent home’. She told me that she had no problem with Americans, Australians and New Zealanders because ‘they look like us and speak our language’. At that point I made my excuses and concluded our conversation


    #1747312
    Avatar
    harasdespommiers
    Participant
    Joined: 22 Sep 2011
    Location: Fontainebleau
    Total posts: 95

    An increased net worth of FTSE companies means nothing if the currency on which they are based is falling faster.

    In dollar terms the FTSE is still 5% lower – this is its real worth !

    What is more likely for the FTSE increase is less their earning power and more the fact that many now become takeover targets by foreign buyers.


    Fontainebleau. France

    #1747318
    loopski
    loopski
    Blocked
    Joined: 23 Jan 2013
    Location: deux sèvres
    Total posts: 9778

    Against the dollar Chancer..and this article explains why and how Share values, the FTSE and the value of the currency are related.
    https://medium.com/@david_gould/shares-have-gone-down-in-value-since-brexit-955a3e157cd1#.p8qv4kkx9

    However, for me the all time low today was the utter sh*te from the mouths of the unelected neo fascist dictatorship that the conservative government has become. Liam Fox saying EU migrants are his best bargaining chip, David Davies Saying 75000 jobs are a price worth paying, Amber Rudd saying people will be deported for minor crimes and Mayhem saying that foreign doctors won’t be needed in 10 years (and I won’t even begin to explain why funding 1500 more places at med school won’t even come close to solving the problem of not enough trained staff to care for the ageing British population).
    I have never felt so ashamed to be British..what a vile place.

    The good news is that the new UKIP leader Diana James has resigned after just 19 days. Maybe they discovered that she actually lives in France for most of the year. Of course it could mean the return of Nigel, although the rumour is he is currently under investigation by the German police for lying about his residency on his application for German citizenship (allegedly).

    <hr>

    I think lady UKIP leaders should wear burkas made from “dark colored” plastic bin liners as protection from spitting.
    http://www.dailymail.co.uk/news/article-3822243/Diane-James-quits-Ukip-leader-just-18-days-succeeding-Nigel-Farage.html


    I would lie on top of the stairs and smell the cigar smoke of Castro.

Brexit
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