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Nice detail about Nigel Farage is that he is married to Kirsten Mehrin, a german national. They have 2 kids. She is employed as his parliamentary secretary. He has been an MEP since 1999 and since 2009 EU has paid his salary (before that nation states paid their MEPs salaries).
Last edited by gimmick; 06-30-2016 at 03:27 PM.
£1 = US $ 1.2992
I know we're in '85 territory here. Any educated guesses where this bottoms from our knowledgeable posters?
I don't qualify for the knowledgeable part and i don't have any personal need to be precise regarding markets. For personal curiosity i do sometimes look up the direction and rough ballpark of global events.
What i picked up from the short term value of the pound before the vote they were roughly in the ball park of what Soros said about it:
"It is reasonable to assume, given the expectations implied by the market pricing at present, that after a Brexit vote the pound would fall by at least 15% and possibly more than 20%, from its present level of $1.46 to below $1.15"
15-20% gives the range of $1,25-$1,15. I would assume that the predictions assumed that the actual irrevocable leaving process (article 50) would happen sooner and leave voters would at least get something they were promised.
Part of the price sterling now is that there is fairly real possibility that either brexit doesn't happen or that it does but almost nothing happens that affects the trade with the single market.
It's quite possible that, if UK leaves and adopts a similar model to Norway with EU, then they will be in the position the leave campaign said they were before the vote. In other words they will abide all EU laws and there is a free flow of capital and workforce. What is different is that they no longer pay any fee for membership but they lose all say in any of the regulations (something that they very much had before). They also lose all use of the resources that were pooled by EU members. Such as trade negotiators that they now desperately need.
well its below my estimates I said we were going to 1.30.. Actually hit 1.2827 less then 4 hrs ago before bouncing back up $1.2932.. Id heard one forecast that predicted USD/GBP would be at 1.20 at years end.. Honestly that even might be conservative depending on where things go in the next few months.. The rally was short lived with bargain hunters it appears.. Were heading for a second day post July 4th of some more hurt HK opened 250pts lower this morning and has dropped an additional 300pts before pairing losses 100. Euro and US stock futures both looking down for this mornings opens.
Also looks highly likely the Brits are gonna have themselves a female PM for the first time since Thatcher stepped down.. 3 remaining candidates and the top 2 are female with the 4th and 5th place vote getters who dropped out both supported May who led the vote.
Bump! ... With an article about a beloved-by-Brits breakfast spread shortage due to big corporate food vender concerns over impact of Brexit. (Or just opportunism to squeeze a smaller customer).
British supermarkets are running out of Marmite. Brexit just got real.
https://www.washingtonpost.com/news/...just-got-real/
Meanwhile, Scotland's prime minister announces consultations for Scoxit from the UK before Brexit is implemented will start next week.
SNP's Nicola Sturgeon announces new independence referendum bill
http://www.bbc.co.uk/news/amp/37634338
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
The Ham Sandwich...Considered Contraband in the E.U.
It doesn't take the customs officer long to find the contraband stashed inside the car that he's just pulled over. Not guns, drugs or people smuggled over the border — but a ham sandwich wrapped in tinfoil.
"Welcome to the Brexit, sir, I'm sorry!" the convivial Dutch border official says with a chuckle as he confiscates the illicit snack.
The footage broadcast by Dutch TV network NPO 1 might seem farcical. But the official was merely acting on new rules that came into force after the post-Brexit United Kingdom stopped using European Union regulations on Jan. 1.
Full story here: https://www.nbcnews.com/news/world/w...y-u-k-n1253879
Some fishing folks who supported Brexit are now pissed that the post-Brexit government isn’t treating them as expected.
They voted for Brexit. Now many U.K. fishermen feel betrayed.
Fishermen complain of broken government promises, while exporters say they are choking on red tape.
https://www.nbcnews.com/news/world/t...rayed-n1255986
BRISTOL, England — As an island and ancient seafaring nation, the United Kingdom’s fishing communities have an outsize impact on the country’s identity.
So it should be no surprise that their fate loomed over Brexit negotiations, with politicians promising fishermen they would be big winners after the U.K. left the European Union.
But now, many members of the fishing community say they feel let down by the government. Instead of boosting the industry, they say, the new trade deal fails to deliver on lawmakers’ Brexit promises, has choked their businesses with red tape and left the struggling sector to wither away further.
“The deal was absolutely shameful and disgraceful — that’s the only way to describe it,” said David Pessell, the managing director of Plymouth Trawler Agents, a fish auctioneering business in southwest England. “They broke their word on every count in effect.”
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