Brexit Irony

[rob murray]

Did anyone else see that regions,in England / Wales ( cornwall being one ) who have benefited from major EU funded development projects actually voted to leave, now some are carping on about the impact the loss of EU funding will make....... ironic or what ?

[tonkatojo]

Did anyone else see that regions,in England / Wales ( cornwall being one ) who have benefited from major EU funded development projects actually voted to leave, now some are carping on about the impact the loss of EU funding will make....... ironic or what ?


What worries me more is the stitch-up the bank of England bloke Carney is doing at present, he has deliberately talked the pound into the position it is now over the past week or so just to say he was correct in his assumption what will happen on Brexit. They need to get rid very quickly in my opinion.

[mi16]

The other ironic one is the Nats pushing independence in 2014 which would have resulted in being out of Europe, now they are bumping gums and gnashing teeth over the UK voting to leave Europe

[rob murray]

What worries me more is the stitch-up the bank of England bloke Carney is doing at present, he has deliberately talked the pound into the position it is now over the past week or so just to say he was correct in his assumption what will happen on Brexit. They need to get rid very quickly in my opinion.

Pound is tanking against the dollar, but pre election was at a high, markets now reacting to post brexit "nothingness / no details" = uncertainty= markets biting. Carney has talked up how UK banking system is geared up for this uncertainty markets obviously very hesitant over whats happening

[tonkatojo]

Pound is tanking against the dollar, but pre election was at a high, markets now reacting to post brexit "nothingness / no details" = uncertainty= markets biting. Carney has talked up how UK banking system is geared up for this uncertainty markets obviously very hesitant over whats happening

Nah, slight of hand and in his case mouth, there is more than what we see too this situation wish I knew what though.

[rob murray]

kNah, slight of hand and in his case mouth, there is more than what we see too this situation wish I new what though.

Conspiracy theory ?

Why would Mark Carney want to talk the pound down? The principal reason is that weaker sterling will make it much easier for the Bank to achieve its inflation target. A lower pound effectively raises the cost of imports and in the absence of wage or commodity price inflation that is realistically the only way he is going to get prices to where he wants them in the foreseeable future.What might the other implications be of a cheaper pound? First, it would be good for the UK’s exporters because their goods and services would seem more attractive in overseas markets. That too would help underpin the UK’s economic recovery
Second, it would make it more attractive, all other things being equal, for UK investors to hold US-denominated assets because their value would rise in sterling terms.
Third, it will make UK assets seem relatively cheap to overseas buyers.
source https://www.fidelity.co.uk/investor/markets-insights/daily-investment-insight/carney-talking-pound-down

[tonkatojo]

Conspiracy theory ?

Why would Mark Carney want to talk the pound down? The principal reason is that weaker sterling will make it much easier for the Bank to achieve its inflation target. A lower pound effectively raises the cost of imports and in the absence of wage or commodity price inflation that is realistically the only way he is going to get prices to where he wants them in the foreseeable future.What might the other implications be of a cheaper pound? First, it would be good for the UK’s exporters because their goods and services would seem more attractive in overseas markets. That too would help underpin the UK’s economic recovery
Second, it would make it more attractive, all other things being equal, for UK investors to hold US-denominated assets because their value would rise in sterling terms.
Third, it will make UK assets seem relatively cheap to overseas buyers.
source https://www.fidelity.co.uk/investor/markets-insights/daily-investment-insight/carney-talking-pound-down


Was that report from 6 month ago or current ?, if current this bloke has quite an insight or he knows the Carney fellow well.

[Hoggie]

Did anyone else see that regions,in England / Wales ( cornwall being one ) who have benefited from major EU funded development projects actually voted to leave, now some are carping on about the impact the loss of EU funding will make....... ironic or what ?

Maybe, or it was the voters who wanted out, as they know all that EU money came from their own pockets anyway, and it is the councillors who want to keep the money coming in, which will still come from taxpayers' pockets but at least won't have gone five rounds through the Brussels bureaucracy first.

You can't say "Cornwall voted out and Cornwall now wants the EU money" when there must be as many different opinions as there are Cornishmen. It's like saying "Scots voted Remain", when about half of us (round here anyway) voted Leave.

It will be all political games from here to the end of time by the look of it, and a fat profit to he who can speculate the best.

[rob murray]

Maybe, or it was the voters who wanted out, as they know all that EU money came from their own pockets anyway, and it is the councillors who want to keep the money coming in, which will still come from taxpayers' pockets but at least won't have gone five rounds through the Brussels bureaucracy first.

You can't say "Cornwall voted out and Cornwall now wants the EU money" when there must be as many different opinions as there are Cornishmen. It's like saying "Scots voted Remain", when about half of us (round here anyway) voted Leave.

It will be all political games from here to the end of time by the look of it, and a fat profit to he who can speculate the best.

http://www.independent.co.uk/news/uk/home-news/brexit-cornwall-issues-plea-for-funding-protection-after-county-overwhelmingly-votes-in-favour-of-a7101311.html

Cornwall, voted resoundingly to leave the EU, with 56.52 per cent opting for leave – more than the national average - compared to 43.48 per cent voting to remain. Yes it seems its Councillors who are doing the shouting ..see url.

[rob murray]

Was that report from 6 month ago or current ?, if current this bloke has quite an insight or he knows the Carney fellow well.

Think it was from early 2016, but the economic logic is still relevant, even more today, an export led recovery being upside of low pound during a predictable period of unstable times. Just type into google... Carney talking pound down.... and you get interesting reports

[tonkatojo]

I see Mr Carney was up before a select committee in the commons defending his propaganda, it shows it was not only the public that are aware of his going ons.
iI got sent this regarding Mrs Merkel, I wonder if it could be two stars when the SNP get their way.

[sprint95m]

Irony?
Messers Davis, Johnson and Fox being handed Government posts to negotiate the leaving process?

[tonkatojo]

It could have been Cameron/Osborne/Soubry/etc, now that would have been ironic.

[bekisman]

Interesting what Ms Sturgeon was saying about being in EU AND in UK; https://www.youtube.com/watch?v=_TbTC96ZUms