Brexit or Britin

[Lord Kangana]

Wow. So the actions of our governments have never influenced that then?

[Hoboh]

Wow. So the actions of our governments have never influenced that then?

Nor George Soros, the weather, China, the USA, oil prices, etc. etc.

[Lord Kangana]

So you accept that the threat of, and indeed the possibility of exit, could negatively affect our currency value?

[Lost Leopard Spot]

So you accept that the threat of, and indeed the possibility of exit, could negatively affect our currency value?

Currencies are valued relative to each other. Exchange rates don't determine a negative affect, because what's good for imports is bad for exports and vice versa.

[KeyserSoze]

it's not a zero-sum game though. If a currency is falling in value it usually indicates something is a miss, and doesn't automatically mean exports are going to be awesome. Take the currencies in Latin American for instance which have been killed since the oil price fell off a cliff. Investment isn't exactly pouring into the region.

[Lord Kangana]

So you accept that the threat of, and indeed the possibility of exit, could negatively affect our currency value?

Currencies are valued relative to each other. Exchange rates don't determine a negative affect, because what's good for imports is bad for exports and vice versa.

In this instance a fall in the pound was bad for business in the UK.

[thebish]

Anyhow - as to the BoE secret report that bedwetter mentioned. It looks like Mark Carney has just upset Jacob Rees-Mogg (for which there should be some sort of reward)

abso-fecking-lutely!!! I heard Mogg's outburst on radio 5 as I was driving - made me laugh out loud!!

[Lord Kangana]

Jacob Rees Mogg has joined in?

This exit team is a proper bell-end magnet, isn't it?

[thebish]

Jacob Rees Mogg has joined in?

This exit team is a proper bell-end magnet, isn't it?

it was the commons select committee quizzing Carney... he bent over backwards several times to repeat that he was taking no position in favour of in/out and that his remarks should not be taken to indicate a campaign position either way...

then Moggy decided that his views were speculative and pro-IN and beneath the office of the Bank of England...

in 3 HOURS of questionning he'd have been hard-pressed NOT to say ANYTHING that could be construed as an opinion re. the referendum.. in this case he was talking about the threat of uncertainty being the biggest domestuic threat to our economy - and the potential exacerbation of other non-domestic threats to our economy... the state of our economy - and the analysis of future trends and threats/opportunies being, basically, his job!

[Lord Kangana]

In English?

[Lost Leopard Spot]

In English?

He didn't really express an opinion either way. He repeated his curriculum vitae.

[Lost Leopard Spot]

In English?

He didn't really express an opinion either way. He repeated his curriculum vitae.

But I have to express my bias here. He's Canadian, and I don't see why the BofE is run by a Canadian. And this particular Canadian is keen on plastic bank notes. The wazzock. Sorry, the Canadian wazzock.
If we leave the EU can we dump Canadians from public spheres of interest too? Can we have that as a side agenda. I'd be tempted to vote leave if it was tied in...

[bedwetter2]

In English?

He didn't really express an opinion either way. He repeated his curriculum vitae.

But I have to express my bias here. He's Canadian, and I don't see why the BofE is run by a Canadian. And this particular Canadian is keen on plastic bank notes. The wazzock. Sorry, the Canadian wazzock.
If we leave the EU can we dump Canadians from public spheres of interest too? Can we have that as a side agenda. I'd be tempted to vote leave if it was tied in...

Is it officially ok to use wazzock, a colloquially acceptable term admittedly, but not generally in use across the world of high finance to describe a vulnerable Canadian banker in over his head?

[bedwetter2]

So you accept that the threat of, and indeed the possibility of exit, could negatively affect our currency value?

Currencies are valued relative to each other. Exchange rates don't determine a negative affect, because what's good for imports is bad for exports and vice versa.

In this instance a fall in the pound was bad for business in the UK.

Swings and roundabouts, innit.

[Lost Leopard Spot]

In English?

He didn't really express an opinion either way. He repeated his curriculum vitae.

But I have to express my bias here. He's Canadian, and I don't see why the BofE is run by a Canadian. And this particular Canadian is keen on plastic bank notes. The wazzock. Sorry, the Canadian wazzock.
If we leave the EU can we dump Canadians from public spheres of interest too? Can we have that as a side agenda. I'd be tempted to vote leave if it was tied in...

Is it officially ok to use wazzock, a colloquially acceptable term admittedly, but not generally in use across the world of high finance to describe a vulnerable Canadian banker in over his head?

Possibly not. But, if you sue over my usage, I will, if push comes to shove, take this all the way to the European Court of Human Rights. If we are still in of course...

[bedwetter2]

Talk of hedging FX, a very close friend of mine lost thousands of pounds on ongoing contracts on the day that the referendum was announced because of the pound slumping due to market uncertainty. That was just one day, and just an announcement.

Tell your mate apparently that doesn't amount to a hill of beans...that should make him/her fell much better.

Why has he fallen?

[bedwetter2]

In English?

He didn't really express an opinion either way. He repeated his curriculum vitae.

But I have to express my bias here. He's Canadian, and I don't see why the BofE is run by a Canadian. And this particular Canadian is keen on plastic bank notes. The wazzock. Sorry, the Canadian wazzock.
If we leave the EU can we dump Canadians from public spheres of interest too? Can we have that as a side agenda. I'd be tempted to vote leave if it was tied in...

Is it officially ok to use wazzock, a colloquially acceptable term admittedly, but not generally in use across the world of high finance to describe a vulnerable Canadian banker in over his head?

Possibly not. But, if you sue over my usage, I will, if push comes to shove, take this all the way to the European Court of Human Rights. If we are still in of course...

Good man, you have identified the nub of the legal situation clearly. I like you, Bob.

[thebish]

In English?

He didn't really express an opinion either way. He repeated his curriculum vitae.

But I have to express my bias here. He's Canadian, and I don't see why the BofE is run by a Canadian. And this particular Canadian is keen on plastic bank notes. The wazzock. Sorry, the Canadian wazzock.
If we leave the EU can we dump Canadians from public spheres of interest too? Can we have that as a side agenda. I'd be tempted to vote leave if it was tied in...

Is it officially ok to use wazzock, a colloquially acceptable term admittedly, but not generally in use across the world of high finance to describe a vulnerable Canadian banker in over his head?

Possibly not. But, if you sue over my usage, I will, if push comes to shove, take this all the way to the European Court of Human Rights. If we are still in of course...

I don't think there are any plans to leave the ECHR, are there?

[Worthy4England]

In English?

He didn't really express an opinion either way. He repeated his curriculum vitae.

But I have to express my bias here. He's Canadian, and I don't see why the BofE is run by a Canadian. And this particular Canadian is keen on plastic bank notes. The wazzock. Sorry, the Canadian wazzock.
If we leave the EU can we dump Canadians from public spheres of interest too? Can we have that as a side agenda. I'd be tempted to vote leave if it was tied in...

Is it officially ok to use wazzock, a colloquially acceptable term admittedly, but not generally in use across the world of high finance to describe a vulnerable Canadian banker in over his head?

Another "know nowt" coz he doesn't agree with you?

[Lost Leopard Spot]

I thought this government, in the body of Ms May, may or may not push through our exit from ECHR. I may be wrong.