So Brexit is a done deal, how are you going to cope?

[AtW]

[AtW]

I'll look after it for you, for very reasonable fees.

Will you take Sterling?

[NotAllThere]

Will you take Sterling?

Absolutely. I'll convert it to Flanian Pobble Beads so it won't lose too much of its value.

[BlasterBates]

About right, but wouldn't hold any cash in Euros either. Dollars or CHF.

Not sure about the "Trump" affect on the dollar, the Euro currently looks undervalued with respect to both. Investors seem to be overestimating the possibility of Frexit and Italexit. Ain't going to happen.

[AtW]

Not sure about the "Trump" affect on the dollar, the Euro currently looks undervalued with respect to both. Investors seem to be overestimating the possibility of Frexit and Italexit. Ain't going to happen.

Trumpanomics can only work if dollar gets stronger.

[d000hg]

Ain't going to happen.

We were saying that about Brexit quite recently. And now there's precedent been set!

[GB9]

I'm starting to realise why some of you Remnants voted Remain. You're nuts!

[AtW]

I'm starting to realise why some of you Remnants voted Remain. You're nuts!

There are two kinds of nuts my friends...

[BlasterBates]

We were saying that about Brexit quite recently. And now there's precedent been set!

You might have been

[jamesbrown]

Not sure about the "Trump" affect on the dollar, the Euro currently looks undervalued with respect to both. Investors seem to be overestimating the possibility of Frexit and Italexit. Ain't going to happen.

It's going to depend on the GOP's Border Adjusted Tax (BAT) plan vs. targeted import tariffs (Trump's preference). If they push through the BAT then, in theory, the USD will appreciate massively, by around 15-20% (i.e. about as much as the CT cut). At the same time, the markets are increasingly worried by Trump's rhetoric. He clearly hasn't calmed down, post election.

The Euro looks over-valued to me, even against Sterling Sterling has a lot of negativity baked in at this point, so the upside is far greater than the downside, but there's clearly some downside in a WTO scenario (1.05-1.1 vs. USD IMO).