Reply to: BoE downgrades GDP growth. Pound plummets

[scooterscot]

Talk about spin, the CEO was on R4 today saying they would keep their small office in Amsterdam to access the EU market.

Apple have a small 5-man office in Luxembourg - $13 billion dollar operation I hear

[Paddy]

Talk about spin, the CEO was on R4 today saying they would keep their small office in Amsterdam to access the EU market.

He said that to stop having his head kicked in by the taxpayers.

[PurpleGorilla]

Further GDP shrinking

RBS plans move to Amsterdam for post-Brexit EU hub

https://www.theguardian.com/business...ost-brexit-hub

Talk about spin, the CEO was on R4 today saying they would keep their small office in Amsterdam to access the EU market.

[Paddy]

Further GDP shrinking

RBS plans move to Amsterdam for post-Brexit EU hub

https://www.theguardian.com/business...ost-brexit-hub

[Jog On]

Intersting the Asian markets did not scope up on the losses made by the £ yesterday - usually you see some pick up the following morning. Very interesting when the East begins to shy away from the £. Be afraid. Be very afraid.

Asian markets tend to not do very much at the best of times. £/$ is BAU with it's technical pattern. I wouldn't expect much action in anything until 1:30 PM today.

https://www.dailyfx.com/gbp-usd

[scooterscot]

Intersting the Asian markets did not scope up on the losses made by the £ yesterday - usually you see some pick up the following morning. Very interesting when the East begins to shy away from the £. Be afraid. Be very afraid.

[scooterscot]

You're comparing 2 different timeframes?

I watch £/$ anyway which has already shrugged this news off. The technical are still intact

Not comparing, presenting. US hasn't woken up proper yet. Wait until the Asian markets open.

[Platypus]

Yay. 24 hours after I had some dollars transferred in to my account. That would have been a very nice bonus.

[Jog On]

Better but those euros quick before it reaches parity... EU will be putting up rates soon.


Last month or so




Today

You're comparing 2 different timeframes?

I watch £/$ anyway which has already shrugged this news off. The technical are still intact

[Paddy]

not sure where you got your figures from but it was no where near 1.185. it closed at 1.1151 yesterday, so maybe you meant 1.1185?

So it's a loss of about £10.

I think you are right... I won't rush to the FX then

[BrilloPad]

12:00 1.185
Now 1.107

So that's a loss of £78 in a couple of hours on a £1000 FX for someone on holiday

https://www.theguardian.com/commenti...nment-journeys

[doconline]

12:00 1.185
Now 1.107

So that's a loss of £78 in a couple of hours on a £1000 FX for someone on holiday

not sure where you got your figures from but it was no where near 1.185. it closed at 1.1151 yesterday, so maybe you meant 1.1185?

So it's a loss of about £10.

[Paddy]

Hasn't 'plummeted' very far...

12:00 1.185
Now 1.107

So that's a loss of £78 in a couple of hours on a £1000 FX for someone on holiday

[scooterscot]

Hasn't 'plummeted' very far...

Better bu those euros quick before it reaches parity... EU will be putting up rates soon.


Last month or so




Today

[scooterscot]

I really look forward to them locking us out of the market. Im sure it wont hurt them at all...

I really look forward to British manufactured cars and Cornish red wine with a dab of Highland olive oil.