Another Bexit casualty

[BlueSharp]

The collapse in the pound is caused by the uncertainty of brexit which has not been helped by our own politicians.

Once the deal is done the pound will strengthen - maybe not back to where it was but then it has been commented that the pound was actually artificially high anyway

Apparently.

How was the pound artificially high, with the money printing presses turned on and historic low interest rates? The German exports benefited greatly from the uncertainty in the Euro zone with the Greek, Italian and Spanish economic woes, but it was our choice not to join the euro. I agree the uncertainty not helped but this will be nothing compared to our No deal extravaganza in a fortnight.

[CryingSheep]

So why haven't all the UK travel companies and airlines gone tits up then?

Never said that that was the reason alone, but for sure a big contribution for a company already struggling... got it!?

[Old Greg]

So why haven't all the UK travel companies and airlines gone tits up then?

Classic!

[BlueSharp]

So why haven't all the UK travel companies and airlines gone tits up then?

Thomas Cook has been on life support for a long time, Brexit is just the final nail in the coffin. I'm sure that the Brexit headwinds are hitting the market not just financial but also regulatory.

https://www.abta.com/sites/default/f...20travel_0.pdf

[CryingSheep]

The collapse in the pound is caused by the uncertainty of brexit which has not been helped by our own politicians.

Once the deal is done the pound will strengthen - maybe not back to where it was but then it has been commented that the pound was actually artificially high anyway

Apparently.

Not sure where you are basing that opinion, but just few months before the referendum when pound was at historical maximums (about 1.42 euros), "experts" were predicting for the following year that pound could reach 1.6 or even 2 euros in the short/medium term! Off course they forgot about the referendum that would initiate the process of making the UK the greatest country on earth!

[BlueSharp]

Not sure where you are basing that opinion, but just few months before the referendum when pound was at historical maximums (about 1.42 euros), "experts" were predicting for the following year that pound could reach 1.6 or even 2 euros in the short/medium term! Off course they forgot about the referendum that would initiate the process of making the UK the greatest country on earth!

Moronic Facebook posts? Or papers that tell you your opinion should be rather than the facts to allow you to form your own opinion?

[Mordac]

Thomas Cook has been on life support for a long time, Brexit is just the final nail in the coffin. I'm sure that the Brexit headwinds are hitting the market not just financial but also regulatory.

https://www.abta.com/sites/default/f...20travel_0.pdf

I think you'll find the final nail was that nobody was willing to cough up £200m+ to support them for at most, a few months. Certainly not their banks, and banks can usually spot when a creditor is in deep tulip...

[darmstadt]

I think you'll find the final nail was that nobody was willing to cough up £200m+ to support them for at most, a few months. Certainly not their banks, and banks can usually spot when a creditor is in deep tulip...

Didn't manage to spot themselves when they were in deep do do.... So, the bank that was bailed out by the taxpayer refuses to bail out a company to help those taxpayers....

[BrilloPad]

They were going to the wall sooner or later. Brexit uncertainty hastened that.

UK should have left in March.

[Mordac]

Didn't manage to spot themselves when they were in deep do do.... So, the bank that was bailed out by the taxpayer refuses to bail out a company to help those taxpayers....

The reason RBS needed bailing out was that they made some very poor decisions in the past. Bailing out TC would have been a poor decision now. So it looks as if they've actually learned something. Surely that's a good thing (in the long run)?