The Brexit Thread

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Everyone hopping onto the media sensationalism hype train here, too, after the Pound lost a few pennies (literally, like £0.03) to the Euro. The way everyone is carrying on it's like it's 2:1...
 
The Voice said:
Everyone hopping onto the media sensationalism hype train here, too, after the Pound lost a few pennies (literally, like £0.03) to the Euro. The way everyone is carrying on it's like it's 2:1...
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The problem is the speed it's dropping, as well as much it's lost already (nearly 30% against USD). It's going to be at parity with the EUR in a matter of weeks, and if no deal happens, at parity with the USD as well.
 
JayM said:
The problem is the speed it's dropping, as well as much it's lost already (nearly 30% against USD). It's going to be at parity with the EUR in a matter of weeks, and if no deal happens, at parity with the USD as well.
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All speculation at this point. Wait until the real economics kick in.
 
rietrot said:
All speculation at this point. Wait until the real economics kick in.
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It's not speculation that markets don't like Brexit, particularly a no deal Brexit. It's therefore easy to predict the outcome.
 
JayM said:
It's not speculation that markets don't like Brexit, particularly a no deal Brexit. It's therefore easy to predict the outcome.
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The markets are the ones speculating, or rather traders. Business will take a wait and see approach which will push the pound down a bit as not much money move into it. The day after Brexit everything should return to normal is the world didn't end.
 
rietrot said:
The markets are the ones speculating, or rather traders. Business will take a wait and see approach which will push the pound down a bit as not much money move into it. The day after Brexit everything should return to normal is the world didn't end.
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Incorrect. Nearly 75% of retail forex traders are long on GBP currently, which is supporting it. This will change in the event of a no deal, and it will weaken further.
 
The Voice said:
Everyone hopping onto the media sensationalism hype train here, too, after the Pound lost a few pennies (literally, like £0.03) to the Euro. The way everyone is carrying on it's like it's 2:1...
Click to expand...

Hopping onto the sensationalism hype train? The Brexit vote happened three years ago, its quite easy to chart the course of the Pound in that time.
 
Unhappy438 said:
Hopping onto the sensationalism hype train? The Brexit vote happened three years ago, its quite easy to chart the course of the Pound in that time.
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The £0.03 drop in the last month is suddenly front page news here in the UK (literally). Doesn't have the same effect when it climbs up again though, does it? Because good news doesn't sell.
 
The Voice said:
The £0.03 drop in the last month is suddenly front page news here in the UK (literally). Doesn't have the same effect when it climbs up again though, does it? Because good news doesn't sell.
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Of course not but thats not even close to a revelation and besides the point, Brexit has been bad for the Pound no doubt.
 
JayM said:
Incorrect. Nearly 75% of retail forex traders are long on GBP currently, which is supporting it. This will change in the event of a no deal, and it will weaken further.
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Lol Ja that useless indicators are designed to get the sheep to follow and lose their money. I'm talking a slightly longer term than the next 15min which is all that is good for.
 
NarrowBandFtw said:
and brexit itself has yet to happen, it is sensationalist and dishonest to pretend the ultimate course of the Pound is known when it comes to brexit
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It certainly has happened it just hasnt happened in its entirety. Im not pretending to know the ultimate course of the pound, im talking about its performance in recent years.
 
Unhappy438 said:
It certainly has happened it just hasnt happened in its entirety. Im not pretending to know the ultimate course of the pound, im talking about its performance in recent years.
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Brexit, as in the act of Britain exiting the EU, has not happened at all. It has not even begun.
 
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