[Merged]Brexit stuff

[minestrone]

Mr Williamson added that the economy could contract by 0.4% in the third quarter of this year, but that would depend on whether the current slump continued.

No chance it will drop by 0.4. File under pish.

[sirja]

Just closed my short GBP position for a nice tidy profit,

As for Brexit's impact on the economy I've always said it's just too soon to tell either way, however I expect the narrative to be increasingly gloomy over the next few months as we enter the traditional week period for the stock market, exacerbated this year the unpredictable US elections. I would not be surprised at all to see the FTSE 100 10% lower than today's levels by the end of October, while that would be a normal correction, the calls of a 'Brexit induced slump' will be very loud.

While I was strongly for remain I do feel article 50 needs to be triggered sooner rather than later. The sooner we have an outline of the what the relationship with the single market will be, the sooner uncertainty can be lifted.

Either way the next 12-18 months are to far from boring economically speaking

[GB9]

2006 rates was it?

A gal in Cambridge called me up yesterday for a contract job paying the same as I got in 2003:/)

People must be desperate if they can secure on that. Desperate.

I was on £550/day in 2006. Remember it well. The next one is considerably higher although I haven't secured it yet of course, but there is plenty of work there, having already had to decline other work as I am booked up.

[vetran]

I don't go to jobs. Jobs come to me.

at 2003 rates...

[GB9]

The OP missed out "UK manufacturers have reported the biggest jump in new exports in two years, Markit says." Worth a mention I think.

And

"Encouragingly, Markit also found that companies become less gloomy as July unfolded. The rapid political changes that saw Theresa May installed as prime minister last week may have reassure business leaders, according to Markit’s Chris Williamson."

So looks like a bit of shock after the initial vote. Unsurprising seeing as the lazy Moaners thought it was an easy win.

[Old Greg]

I've had a good increase in GBP terms since the Brexit vote.

[DodgyAgent]

Looks pretty dire and article 50 hasn't even been triggered yet and it
looks like Brexit negotiations will hit a brick wall:

Brexit Wreaks Havoc on U.K. Economy as Recession Risk Rises - Bloomberg

The negotiations won't be helped by the fact that as the UK economy falls of a cliff the EU looks quite bright.



https://www.theguardian.com/business...ts-direct-live



Oh dear....

Looks like all is not lost as the integrity of your argument is upheld

[FatLazyContractor]

Bought Hungarian Foirints a moment ago @ £1 = HUF 350.

A month ago, it was £1 = HUF 400

[MrMarkyMark]

at 2003 rates...

Well, real proof, in this instance that you get what you pay for

[DodgyAgent]

Just closed my short GBP position for a nice tidy profit,

As for Brexit's impact on the economy I've always said it's just too soon to tell either way, however I expect the narrative to be increasingly gloomy over the next few months as we enter the traditional week period for the stock market, exacerbated this year the unpredictable US elections. I would not be surprised at all to see the FTSE 100 10% lower than today's levels by the end of October, while that would be a normal correction, the calls of a 'Brexit induced slump' will be very loud.

While I was strongly for remain I do feel article 50 needs to be triggered sooner rather than later. The sooner we have an outline of the what the relationship with the single market will be, the sooner uncertainty can be lifted.

Either way the next 12-18 months are to far from boring economically speaking

Someone who takes an objective view rather than sticking to entrenched positions like many of the remainers do.

And you have done it without having to compromise on your "remain" position.