Reply to: How much have you lost because of brexit.

[GB9]

So if you say it's not too difficult on one hand, but on another you can't leave without permission - what's the problem if it's easily obtainable?

WTF should we have to ask permission from other countries?

You are clearly a fan of SDC.

[AtW]

Defence spending may drop after Brexit - parliamentary committee - BBC News

[Mordac]

So if you say it's not too difficult on one hand, but on another you can't leave without permission - what's the problem if it's easily obtainable?

We cancel the direct debit, and wait for the awkward phone call...

[AtW]

Well there's 31 of them now so it shouldn't be difficult, but it just shows the mentality of the EU to say you can't leave without their permission, we never even voted to join them.

So if you say it's not too difficult on one hand, but on another you can't leave without permission - what's the problem if it's easily obtainable?

[BigRed]

Apparently from April 2017 it would be necessary to get 14 EU members approval to exit EU.

Well there's 31 of them now so it shouldn't be difficult, but it just shows the mentality of the EU to say you can't leave without their permission, we never even voted to join 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?

[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]

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?

[AtW]

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

[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.......

[original PM]

FFS are you guys still here?

It happened move in.

Warm it up Kane.

[AtW]

El ATW agrees with El-Erian

[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]

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]

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%.