A11M11 wrote: ↑Tue Oct 17, 2017 5:20 pm
The value of the pound is affected by uncertainty in the money markets . Until Brexit is finally achieved there will be uncertainty because the gamblers that buy and sell currency react to every negative that they can find. Every speech by Carney , Hammond , Rudd , Starmer and now Bercow is music to their ears and creates the ""uncertainty "" that affects the currency.
Britain will leave the E.U but not in the way that the average leaver wanted. Gradually it is being watered down it is more a change of emphasis than a direct action. The negotiations with Barnier need to be held with the full support of parliament but whilst the negotiators are having to look over their shoulders for approaching knives from their own party members, the Uncertainty will remain. However If and when the process is concluded the pound will rise and fall as it has previously on the performance of the country. Only then will we know whether things will look up or whether your woe woe and three times woe attitude will prevail.
It's nothing to do with uncertainty in the markets, it's a reflection on the strength of a countries economy.
What makes you think speculating on currency is gambling? There are many people both institutionally and individually that understand what affects markets and use this knowledge to make money. It's not like putting a tenner on a three legged donkey in the 2:50 at Chepstow.
Speeches by politicians are irrelevant, all politicians can do is to try and strengthen an economy by using fiscal policies. A 30-minute speech by the chancellor isn't going to get the pound to pre-referendum levels. I did chuckle when you mentioned Bercow, is it true every time he shouts "order" or "in wenger we trust" that the pound gets a jolt
.
The decision to leave the EU was made by the people, hence if the economy weakens it is not unreasonable to put the blame on each and every one of these people who didn't think about the bigger picture.
With regards to the nature of Brexit, have you not learned how much damage this whole process has already done to this countries economy, not to mention its standing in the world and image it has created to the very countries we are looking to court with future trade deals.
They should change this thread from the "I told you so" to the "still in denial" one.
Of course, the vote was nothing to do with the economy though was it, more like prejudicial issues that quite a lot of people in this country seem to have.
https://www.standard.co.uk/news/uk/leav ... 46421.html