French Election

[cyprusgrump]

No U-turn at all Poppy; just giving the most likely scenarios (echoed by the article below). So far I have been pretty much right on ALL my predictions with regard to the run-up to Brexit;

No, your claims and assertions have been demonstrably false time and time and time again...

No wonder you claim that you always win arguments - I can see now that you actually believe you do!

Ah but don't forget CG, The E.U. hold all the aces and goalposts are there to be moved.

And everyone that voted Brexit is shortsighted and stupid...

[cyprusgrump]

Items highlighted in blue are what I have been saying all along.

But you haven't been saying those things 'all along' have you...?

You've been claiming the Pound was 'plummeting', in 'free fall' etc.

Here for example...

That's the reality folks, with I suspect, more to come. Perhaps now you'll appreciate the extent to which the pound is plummeting

In fact, the Pound is stronger today than when you made your ridiculous claim!

[kingfisher]

My understanding is that the financial world has been pummeling the pound at every opportunity over the past year. Aside from shorting the pound, one of their methods is “talking” it down.
So what are HSBC and Deutsche Bank actually up to? If they really believed what they are “predicting”- parity between euro and sterling- they would keep VERY quiet about it, place their bets, and make a lot of money when their prediction materializes. As both of these large banks have been found guilty of fraud recently, and had to pay huge fines, they obviously aren’t charitable institutions, so what motivates them to tell the world about it?

[cyprusgrump]

My understanding is that the financial world has been pummeling the pound at every opportunity over the past year. Aside from shorting the pound, one of their methods is “talking” it down.
So what are HSBC and Deutsche Bank actually up to? If they really believed what they are “predicting”- parity between euro and sterling- they would keep VERY quiet about it, place their bets, and make a lot of money when their prediction materializes. As both of these large banks have been found guilty of fraud recently, and had to pay huge fines, they obviously aren’t charitable institutions, so what motivates them to tell the world about it?

Precisely!

If they had genuine information on the future value of a currency (or any commodity for that matter) they'd keep shtum and make millions...

...as would HiC obviously!

[cyprusgrump]

Wake up guys, smell the coffee, stop blaming everyone else for the pound's demise - it's the folly of Brexit, pure and simple! The outcome you voted for and still appear to support

Flip-flop, flip-flop...

All because of Brexit, Brexit hasn't happened yet, the Pound is plummeting, the Pound is trading within a range...

But pof course you are always right - even when you contradict your own position!

[Jimgym]

Wake up guys, smell the coffee, stop blaming everyone else for the pound's demise - it's the folly of Brexit, pure and simple! The outcome you voted for and still appear to support

Flip-flop, flip-flop...

All because of Brexit, Brexit hasn't happened yet, the Pound is plummeting, the Pound is trading within a range...

But pof course you are always right - even when you contradict your own position!

I wonder what would happen if as mentioned on another thread the EU stopped QE? Perhaps then the €/£ exchange rate would be slightly different?

[cyprusgrump]

Wake up guys, smell the coffee, stop blaming everyone else for the pound's demise - it's the folly of Brexit, pure and simple! The outcome you voted for and still appear to support

Flip-flop, flip-flop...

All because of Brexit, Brexit hasn't happened yet, the Pound is plummeting, the Pound is trading within a range...

But pof course you are always right - even when you contradict your own position!

I wonder what would happen if as mentioned on another thread the EU stopped QE? Perhaps then the €/£ exchange rate would be slightly different?

Well, it wouldn't make any difference because the Pound has only weakened against the €uro 'because of Brexit' silly...

[kingfisher]

Jimgym- You ask what would happen if the ECB stopped quantitative easing? Well, if the Eurozone has needed- since 2012- to print nearly 3 billion (3,000,000,000) euros a DAY just to stagger on, then I believe it could implode. Besides, Draghi said he would "do what it took to save the eurozone".
Sooner we are safely away from that nonsense, the better. (MIght be why they're trying to rob us blind at the doorway!)

[Jimgym]

The International Monetary Fund has once again upgraded its UK growth forecast, reversing nearly all of the downgrade it pencilled in after last summer’s Brexit vote.
In its latest assessment of prospects for global growth, published on Tuesday, the IMF predicted the UK economy will expand this year by 2 per cent, a sharp increase of 0.5 percentage points from the forecast it made in January. The IMF also upgraded its UK forecast for next year, from 1.4 per cent to 1.5 per cent.

The IMF’s new forecast ranked the UK as the world’s second fastest growing major advanced economy for this year, behind the US, which is expected to grow at 2.3 per cent. However, the IMF’s forecast for next year would put the UK joint fourth in a G7 league table, with the US, Canada and France all predicted to grow more quickly in 2018.
https://www.ft.com/content/5213d9fc-227 ... f7e0cd0a16 Sorry to rain on your parade yet again Lloyd, getting boring now!

Sterling was lower than it currently is in at least 2010, which to my reckoning was NOT 30 years ago!!
Now that I've added some truths to your laughable post Lloyd lets talk about Q.E. shall we? I'd really love to hear your thoughts on your beloved EU spending obscene amounts of money to prop up what appears to be a very sick currency.
"To the best of my knowledge the ECB has been doing just that continuously for the past several years, and plans to continue doing so indefinitely.
At 80 billion euros per month, this works out at nearly 3 billion a day, or 6 euros a day for every man woman and child in the Eurozone.
And with almost zero interest rates, this means we're all getting poorer by over 2000 euros per annum". ( Copied from Kingfishers posting on another thread)

I've kept things brief here for those who have a short attention span, Lloyd.

[ApusApus]

Talk your way out of that article Jimgym, kingsher, ApusApus and Poppy!

What .............. no CG?


Shane

[smudger]

I'll take the IMF over a guardianista journalist any time!

Good article Jimgym!

[cyprusgrump]

Talk your way out of that article Jimgym, kingsher, ApusApus and Poppy!

What .............. no CG?


Shane

[cyprusgrump]

It can be quite lonely being the last Remainer on PL to argue the case. But I firmly believe right is on my side, just as you lot do. You've taken me to task over time, because all the forecast negatives and downsides of Brexit didn't appear in the timeframe you expected. You've been jubilant because the UK economy and employment has held up well. Remainers' warnings of what was to come have constantly been universally derided as 'scaremongering'.

Guess what guys, things are starting to change. Not only is the pound once again weaker than it's been for a long time, not only is inflation starting to have a significant effect on the UK economy, but many other aspects of the economy are now faltering. It's starting to look like many of the predictions made by Remainers are coming to fruition. But it's not just me saying it, read the 'wake-up' article below...and for those with short attention spans I've emboldened the salient points

Oh, poor you!

Perhaps you are lonely because those fellow Remainers that used to praise your posts claiming 'The Pound is plummeting', etc. have realised that you have been consistently wrong on the subject?

Perhaps it is because all of the dire predictions for 'the immediate aftermath' of a Leave vote simply failed to happen?

Perhaps it is because you continue to praise the wondrous EU and €uro in the face of evidence of its abject failure?

Perhaps it is because you continue to post biased articles from your echo chamber like the Guardian one? I mean, the Pound at its lowest for 30 years? Really?

Just sayin'

[OhSusana]

Wierd post.
Hasn't the pound fallen from 1.19 to 1.142 over the past month?
Before all the Brexit garbage it was 1.42, not 1.142
Just sayin" )))

As for being the last of the "remainers" - indeed - expats in Cyprus are not typical of the UK population.
Typically they are old. Much much older than the average age in the UK.
And we all know the old supported Brexit - dreaming of the "good ol' days" when they were young, attractive, the days of the Empire!
As Houseman put it -
The happy highways where I went/ And cannot come again
Sadly the old generation Brexiteers have yet to understand the last four words...

I would say, from talking to many, that they are typically lower on the intelligence scale. I've hardly met anybody with even one degree!
Put together the two - old, and uneducated, and you have your typical 'brexit voter.
Better to trust your own judgement Hic, rather than listen to the wining of somebody who spends his life on forums "grumping", and has such financial wisdom, that, on his own account, he has been unable to sell his house for nigh on a decade!

[holitec]

OhSusanna, 52% of the UK voters are not "old, un-educated, or ex-pats", and I will bet many have degrees - anyway I have met many computer "geeks" with degrees (who worked in the NHS) and look what happened to their wonderful systems a couple of weeks ago.

Brexit or not the pound will float, Don.t panic things will settle.

[OhSusana]

OhSusanna, 52% of the UK voters are not "old, un-educated, or ex-pats",

Agree.
But analysis has shown that older people were more likely to vote for Brexit.
And also those with a "lower level of education" - I believe the phrase was something like that.

I'm just saying .... put the two together....
How many of the expats on this forum are young, and/or have say an Oxbridge education?!

[cyprusgrump]

Wierd post.
Hasn't the pound fallen from 1.19 to 1.142 over the past month?
Before all the Brexit garbage it was 1.42, not 1.142
Just sayin" )))

As for being the last of the "remainers" - indeed - expats in Cyprus are not typical of the UK population.
Typically they are old. Much much older than the average age in the UK.
And we all know the old supported Brexit - dreaming of the "good ol' days" when they were young, attractive, the days of the Empire!
As Houseman put it -
The happy highways where I went/ And cannot come again
Sadly the old generation Brexiteers have yet to understand the last four words...

I would say, from talking to many, that they are typically lower on the intelligence scale. I've hardly met anybody with even one degree!
Put together the two - old, and uneducated, and you have your typical 'brexit voter.
Better to trust your own judgement Hic, rather than listen to the wining of somebody who spends his life on forums "grumping", and has such financial wisdom, that, on his own account, he has been unable to sell his house for nigh on a decade!

And there you have it...

Your idea of debate is simply to insult or try and put down anybody that disagrees with you... And of course everybody that voted Brexit...

BTW, as far as I can see The Pound hasn't been at £1 = €1.42 since November 2015 - but lets not let facts get in the way for your argument eh...?

[Poppy]

Well well OhSusanna,you may well have a degree and be educated but a pity that you cannot spell!! If you want to use the w word then it is spelt weird not wierd. You see you cannot always trust to the i before e except after c rule. I really thought that you may have known that!!

[kingfisher]

OhSusana
“The happy highways where I went/ And cannot come again
Sadly the old generation Brexiteers have yet to understand the last four words..”.

Try viagra!

[OhSusana]

Wierd post.
Hasn't the pound fallen from 1.19 to 1.142 over the past month?
Before all the Brexit garbage it was 1.42, not 1.142

BTW, as far as I can see The Pound hasn't been at £1 = €1.42 since November 2015 - but lets not let facts get in the way for your argument eh...?

You are the classic case in point, CG.
You told me your life history at a classic car exhibition in Paphos a few years ago.
You completely fit the profile, albeit a little younger than most.

Read what I wrote.
Cameron announced the referendum officially in Feb 2016.
Obviously rumours were circulating a couple of months before....
The pound was at 1.42 - according to you in Nov 2015.
Before the "Brexit garbage"..
What is there that is so complicated in what I wrote that you can't understand Mark?
I mean - this is really really basic. And you simply can't get it!