Food prices plummet

[AtW]

Ok in Months and years to come but Please can a remainer give me a positive reason for staying in the EU, any reason that will only be available to us if we remain

£ 3 bln per year EU subsidy to UK agriculture.

[GB9]

Last year it was USD 1.72 and less than 10 years ago it was 2.

I'll leave the %-tage calculation to you as home exercise.

From memory it hit 1.92 in c2006 but are you now claiming that Brexit caused it to fall from 1.92 over 10 years?

It was 1.42 the day before the vote. It's 1.296 now. Let's see:

1.42 - 1.296 = 0.124

0.124/1.42=0.087 or 9% for the sake of argument.

The last time it hit 1.72 was July 14, not last year.

And didn't you call the bottom at 1.34? I hope you didn't put money on that.

[AtW]

From memory it hit 1.92 in c2006 but are you now claiming that Brexit caused it to fall from 1.92 over 10 years?

It was 1.42 the day before the vote. It's 1.296 now. Let's see:

1.42 - 1.296 = 0.124

0.124/1.42=0.087 or 9% for the sake of argument.

The last time it hit 1.72 was July 14, not last year.

And didn't you call the bottom at 1.34? I hope you didn't put money on that.

I called bottom yes (at around 1.32 which is sell rate), bear in mind that I am not gambling money but exchanging hard earned euros and dollars into rapidly depreciating pounds.

1.72 was indeed in July 2014, but last year we had normals of 1.55-1.60, this is where pound would have been if it was not for Brexit vote - it was sliding because market was pricing in loss already, so if we take 1.55 before Brexit and 1.20 expected then: 1.55/1.2 -> 29%.

[GB9]

I called bottom yes, bear in mind that I am not gambling money but exchanging hard earned euros and dollars into rapidly depreciating pounds.

1.72 was indeed in July 2014, but last year we had normals of 1.55-1.60, this is where pound would have been if it was not for Brexit vote - it was sliding because market was pricing in loss already, so if we take 1.55 before Brexit and 1.20 expected then: 1.55/1.2 -> 29%.

This has to be the funniest post of the day / week. And you can't even see why.

[diseasex]

This has to be the funniest post of the day / week. And you can't even see why.

GB9 get you facts right. I know your ass is hurt by voting leave and you are trying to prove everyone how brexit is great. But face the facts. It was stupid to leave and it's bad for economy, people, high earners, low earners. BAD FOR EVERYONE

[Support Monkey]

£ 3 bln per year EU subsidy to UK agriculture.

I was looking for something we can't get by exiting, this and all the other subsidies can be cover by the 8.5 billion we give to the EU each year

[Support Monkey]

GB9 get you facts right. I know your ass is hurt by voting leave and you are trying to prove everyone how brexit is great. But face the facts. It was stupid to leave and it's bad for economy, people, high earners, low earners. BAD FOR EVERYONE

Same question give us a reason to stay, I'm still not seeing it

[AtW]

This has to be the funniest post of the day / week. And you can't even see why.

Why won't your share your infinite Brexiters wisdom?

[AtW]

I was looking for something we can't get by exiting, this and all the other subsidies can be cover by the 8.5 billion we give to the EU each year

Ok, with Brexit it won't be possible to buy house in France and retire there - unless freedom of movement is signed up to. It will be like with USA now - easy to travel as a tourist, but try going there to live or work.

[jamesbrown]

One of you is overstating it slightly and one understating it, but it doesn't really matter that much

Cable always overshoots; 1.72 was a very temporary top and 1.2 would be a very temporary bottom (IMO). I reckon the stable Cable, so to speak, is around 1.5 without Brexit and 1.3 with Brexit, so around 15%. However, the trade-weighted index is more important in many ways and this index has declined much less (although still at a multi-year low).