How much have you lost because of brexit.

[jamesbrown]

obviously rate should be compared with what it would have been in event of bremain - certainly over 1.50, my guess between that and 1.60

It was largely priced in according to most analysts (and I agree). Seems reasonable to compare, say, 1.52 vs. 1.3 or 15%.

[AtW]

It was largely priced in according to most analysts (and I agree). Seems reasonable to compare, say, 1.52 vs. 1.3 or 15%.

Very reasonable, plus once article 50 invoked sterling would drop 10 cents more

[jamesbrown]

Very reasonable, plus once article 50 invoked sterling would drop 10 cents more

Yes, something along these lines, although I don't think it will wait for Article 50 and IIRC most valuation models are suggesting an over-valuation of between 2 and 8% from current levels. OTOH, you have some analysts (e.g. El-Erian) suggesting an eventual deterioration to parity, which seems totally implausible to me. TBH, I wouldn't be surprised to see an upwards correction if the BoE don't act on Thursday or go with the FLS rather than rates or QE, but an eventual move to 1.25 in the coming months. At that level, it's going to need more concrete evidence of a worsening economy or entrenched negotiating positions to decline further. Don't forget that many were predicting an instant move to 1.2 on Brexit. Anyway, much speculation. If I've learned anything watching Cable, it's that it's bloody unpredictable.

[AtW]

El ATW agrees with El-Erian

[original PM]

FFS are you guys still here?

It happened move in.

Warm it up Kane.

[GB9]

obviously rate should be compared with what it would have been in event of bremain - certainly over 1.50, my guess between that and 1.60

Are you really, really serious?

The rate is compared to what it was trading at pre-Brexit for quite a while.

It's like saying, 'if only my horse had won, I would have been rich'. If only, if only.......

[AtW]

It happened, yes, but the losses are not one off - they will be continious, just like gains for some lucky people

[AtW]

Are you really, really serious?

The rate is compared to what it was trading at pre-Brexit for quite a while.

It's like saying, 'if only my horse had won, I would have been rich'. If only, if only.......

We know that when market thought Remain won GBP gobe up to 1.50 - befor that market was pricing in loss, so level of 1.50 seems given in event of Remain win, that is pretty certain - we also know how low it dropped after Leave won, so comparing the two is what gives the difference between two options, why are you stupud to understand it?

[BigRed]

Gosh you people are so erm.... uneducated....

pound is still higher against euro because euro has fallen too! A LOT

Having such dumb electorate it should have never been a referendum. Stupid Cameron

Exactly, we are abandoning a sinking ship. Retaining close ties would have resulted in us declining with them.

[AtW]

Exactly, we are abandoning a sinking ship. Retaining close ties would have resulted in us declining with them.

If the EU ship is sinking then why it is UK currency that took a dive?