changes could be implemented the £ has been in steady decline.It fell to its lowest level
against the $ at1.18 it is currently running at 1.23 trading at 1.10 against the Euro,now
they say it was overvalued anyway,and it's helping with exports if that's the case why
didn't the chancellor adopt this instead of taking all the austerity measures?
It's not that I object to the idea of leaving Europe it was just the timing that was wrong
and the usual lack of preparation for the outcome of the vote.
The facts about our country in the land area less than half of that of France and with a
higher population makes it Inevitable that we have to control our borders,free movement
can no longer be an option,on top of the facts about sovereignty means it had to be the
right choice. The decision, to vote leave
In 1997 the Labor Chancellor Gordon Brown granted the Bank of England the powers
to manage, it's own affairs free from government interference.
This situation is not suitable for the present climate and the present government is not
happy with the way the Bank of England is handling the situation
There must surely come a point when the £ must find it's level with the increasing cost of
imports,the increase in exports is a welcome boost to the economy along with the
increase in tourist that are looking to secure a bargain.
This is helping to stabilize the economy at the moment but needs something more
substantial in trading to raise the standard of living for the whole of the country.
A lot of the blame for the falling pound is due to the inflated talk about how bad things
were going to be if we voted to leave Europe,the point is we still haven't triggered
article 50 and we are still trading as before and will remain so for at least another
2+ years so why has there been a run on the £ like this.without any real explanation.
apart from the one being put forward that this is due to uncertainty.
Now the good news is- for exporters- it will probably go lower as we get nearer and
during the triggering of article 50,it seems that a 'Hard Brexit'is the most likely scenario
If not favoured by the UK it will be the best offer they can expect from Europe.if not
excepting all their conditions which just fall short of virtual membership of the EU.
All the rumours about a Hard Brexit are being taken up by the EU because it is in
their interest to see the £ fall in value.
The BoE will not support the pound because it expects to get a boost in export trade
while it is trading low and they are not worried about inflation,in fact, some believe
they are expecting a low pound to introduce inflation,sooner rather than later
In 1972 when Ted Heath took Britain into the Common Market the legality was
questioned at the time.In 1975 a labour government was elected under Harold Wilson
He sought to put right the constitutional error by organising a retrospective referendum
after a lot of one-sided propaganda, they got the vote to stay in,saving a lot of political
embarrassment
The £ fell dramatically yesterday to 1.25 against the $ and then last night at midnight it
crashed to 1.18 before stopping and recovering slightly Wall Street had closed trading
and Asia Markets were just starting to trade The Bank of England are holding an inquiry
as to why this should happen,It will be interesting to learn their findings.If we ever do!
It has dropped 20% against the US $ since the referendum.
The Pound was supported by stronger than expected Q3 GDP data which came in at
0.5%. The UK economy is now 8.2% larger than the pre-crisis peak in Q1 2008. The
service sector remains strong, growing by 0.8% but construction was weak.(27-10-16)
The US has voted for a Brexit lookalike a withdrawal from the status co..
I hope they give Trump a chance to implement at least some of the things he
talked about in his election campaign,the world markets as usual a bit jittery,the fed won't
be looking for a cheap $ to boost exports like the UK.were with the pound, to the
detriment of the British public at home and with immediate affect the people living
abroad. The $ is trading at 1.24567 to the pound and the euro 1.14579 /pound.
10th Nov/16
I think the autumn statement has answered a lot of Questions about the present and
the future, state of our economy for some time ahead.It's not exciting and in fact, it is
pretty depressing.Inflation will hit the UK in the New Year and looks like being there
for some time,the pound looks set to remain low against other currencies.
I think it can best be described for the majority of people as.'austerity on steroids'
3-4-5 years ?.
0.5%. The UK economy is now 8.2% larger than the pre-crisis peak in Q1 2008. The
service sector remains strong, growing by 0.8% but construction was weak.(27-10-16)
The US has voted for a Brexit lookalike a withdrawal from the status co..
I hope they give Trump a chance to implement at least some of the things he
talked about in his election campaign,the world markets as usual a bit jittery,the fed won't
be looking for a cheap $ to boost exports like the UK.were with the pound, to the
detriment of the British public at home and with immediate affect the people living
abroad. The $ is trading at 1.24567 to the pound and the euro 1.14579 /pound.
10th Nov/16
I think the autumn statement has answered a lot of Questions about the present and
the future, state of our economy for some time ahead.It's not exciting and in fact, it is
pretty depressing.Inflation will hit the UK in the New Year and looks like being there
for some time,the pound looks set to remain low against other currencies.
I think it can best be described for the majority of people as.'austerity on steroids'
3-4-5 years ?.
