FTSE-100 Index

i kne albert davy said:
Most finance houses now reckon the pounds under valued, you know what people who spent their time trading in currency are like someone will make a killing somewhere along the line.
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Got any links to those reports?

The main one i've seen online from swissbank said we would end up somewhere around £1.10 to the dollar post brexit, although that report was a few months ago.
 
grunge said:
Got any links to those reports?

The main one i've seen online from swissbank said we would end up somewhere around £1.10 to the dollar post brexit, although that report was a few months ago.
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Did you see any predictions on the exchange rate and the FTSE before the Brexit vote?
 
i kne albert davy said:
Pound fell to 1.05 against the dollar in 1985,how long ago did she give this speech,amazingly currencies go up and down all the time.
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It fell below $1.20 for about an hour and a half. It's down about 1% which is well within normal fluctuations. Some people will use anything as justification of their entrenched positions.
 
SWP's back said:
Yes. What's your point?
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The point is simple, you and I are at opposite ends of the scale, there's no middle ground, no meeting of the minds, nothing. Throw in the mix that you think I'm a weirdo and I think you're a bottom feeder and it doesn't really make for healthy debate, so why don't we just agree to give each other a wide berth.

I'm sure you're as tired of me as I am of you, so let's not bother pretending this is a debate and simply ignore each other from now on.
 
The perfect fumble said:
The point is simple, you and I are at opposite ends of the scale, there's no middle ground, no meeting of the minds, nothing. Throw in the mix that you think I'm a weirdo and I think you're a bottom feeder and it doesn't really make for healthy debate, so why don't we just agree to give each other a wide berth.

I'm sure you're as tired of me as I am of you, so let's not bother pretending this is a debate and simply ignore each other from now on.
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I think you're a weirdo as well and I honestly hope you have no influence at all in the Department for International Trade. I suspect you haven't as you come across on here as an arrogant opinionated know all without the humility to realise that sometimes you might be wrong or the guts to admit when you are proven wrong. I would imagine the normal people who work there will have come to a similar conclusion.

I will follow the advice you have given SWP and will ignore you from now on. I suggest you do the same with me and that includes any trolling like you did at the start of this unpleasant exchange of opinions.
 
The perfect fumble said:
The point is simple, you and I are at opposite ends of the scale, there's no middle ground, no meeting of the minds, nothing. Throw in the mix that you think I'm a weirdo and I think you're a bottom feeder and it doesn't really make for healthy debate, so why don't we just agree to give each other a wide berth.

I'm sure you're as tired of me as I am of you, so let's not bother pretending this is a debate and simply ignore each other from now on.
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Nah. You keep making a twat of yourself and I'll keep pointing it out like with this thread when you lumped in arse first and called West Dids names without knowing anything of his politics and all because he had the audacity to look on the bright side. You called him a little englander and said he had capitulated because of that. Talk about myopia. You can't be impartial. You can't debate. You dont have the necessary brain power to be objective. That's the difference.

You, West Dids and myself all voted remain. But whilst we are getting on with stuff you're simply attempting to shout the loudest. I'm pretty certain you'd rather the UK tanks than be proven wrong.

You're a perennial loser in politics. You back the wrong horse each and every time and not once have you been graceful in defeat. You just stamp and moan and shout louder. Were you an only child by any chance?
 
west didsblue said:
I think you're a weirdo as well and I honestly hope you have no influence at all in the Department for International Trade. I suspect you haven't as you come across on here as an arrogant opinionated know all without the humility to realise that sometimes you might be wrong or the guts to admit when you are proven wrong. I would imagine the normal people who work there will have come to a similar conclusion.

I will follow the advice you have given SWP and will ignore you from now on. I suggest you do the same with me and that includes any trolling like you did at the start of this unpleasant exchange of opinions.
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SWP's back said:
Nah. You keep making a twat of yourself and I'll keep pointing it out like with this thread when you lumped in arse first and called West Dids names without knowing anything of his politics and all because he had the audacity to look on the bright side. You called him a little englander and said he had capitulated because of that. Talk about myopia. You can't be impartial. You can't debate. You dont have the necessary brain power to be objective. That's the difference.

You, West Dids and myself all voted remain. But whilst we are getting on with stuff you're simply attempting to shout the loudest. I'm pretty certain you'd rather the UK tanks than be proven wrong.

You're a perennial loser in politics. You back the wrong horse each and every time and not once have you been graceful in defeat. You just stamp and moan and shout louder. Were you an only child by any chance?
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C'mon lads, get a room.
 
The perfect fumble said:
The point is simple, you and I are at opposite ends of the scale, there's no middle ground, no meeting of the minds, nothing. Throw in the mix that you think I'm a weirdo and I think you're a bottom feeder and it doesn't really make for healthy debate, so why don't we just agree to give each other a wide berth.

I'm sure you're as tired of me as I am of you, so let's not bother pretending this is a debate and simply ignore each other from now on.
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No please don't its great for us spectators.
 
Len Rum said:
It is great entertainment.
Actually if you read the fumble's cv which he posted a few pages back he probably does a hell of a lot more than most on here to promote exports and help the country out in these uncertain times.
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As you can imagine, in a trade body, an organisation committed to promoting UK export, there are a lot more "foreigners" than one might expect in your average company/department. Spaniards and Italians, French and Germans, many in senior positions and they're there for their skills base and knowledge, the network of commercial sections in embassies and consulates is almost entirely populated with locals in country, with the occasional Brit here and there, they are unaffected by the status of EU nationals in the UK (though their attitude to Brexit you can work out for yourself) but for the EU nationals based in the UK it's another story, all sorts of dark humour swirls around about how they've got to start packing their bags, but that hides a real concern they have about their future.

The UK has punched below its weight in exports for years, we are below the EU average for exporting, there are many reason for this too long to note here. The department has now been re-constituted with Liam Fox at its head (a new cabinet position), regardless of what one thinks of him, no one, not even his supporters, of which there are scarcely any in his department, pretend he has any business experience at all. His job becomes redundant were we to stay in the EU or within the customs union, so his elevation and the construction of a new department, the Department for International Trade, was the first indication that we were headed for a hard Brexit.

Despite the whizzy "Exporting is Great" campaign, with adverts running even on Talksport! (By the way that campaign is run almost entirely by Americans), the departments budget has been cut year on year, 20% alone in the last 12 months. All departments are required to do more with less, but the trade department is triple blessed, with a smaller budget it is required to do more, while relentlessly producing upbeat messages to the outside world, yet at the same time it's circulating internally facts based analysis on how our export trade is nose diving, that leaving the EU is a disaster for our exports, how trade deals with others countries are years away and how the terms of those deals will be far less beneficial than the ones currently in place by dint of our EU membership, because we are 60 odd million and the EU is 300 odd million, and the EU's leverage was used to full advantage in those deals and we don't have the same clout (or even the negotiators).

But hey-ho, everything is fine, the pound is tanking today and will fall off a cliff tomorrow, companies across the country are scouting office space and industrial estates in continental Europe. Huge car parks are being sketched out to house the sea of lorries held up our side of the channel, filling in mountains of paperwork before they can enter the EU, everything is looking just peachy.

So, as you can imagine, from my perspective I'm dead set against this madness and everyone I work with is the same, yet I'm the weird one? Go figure.

On a side note, the government has what we call "inward investment advisers", one of those adviser's entire job description is to assist Man City, the lucky bastard!
 
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grunge said:
Got any links to those reports?

The main one i've seen online from swissbank said we would end up somewhere around £1.10 to the dollar post brexit, although that report was a few months ago.
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Just pop BPS undervalued in google you'll get loads of financial institutions like the bundesbank who think the pound 15% lower than needs be someone after a quick profit or some other reason perhaps.
 
i kne albert davy said:
Just pop BPS undervalued in google you'll get loads of financial institutions like the bundesbank who think the pound 15% lower than needs be someone after a quick profit or some other reason perhaps.
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I wouldn't be surprised, the Pound is a bit like the guy who goes down in a gang fight, there are always those that will go in for an extra kick and there are those who'll pick his pockets while his lights are out. In the end it's all about risk and profiteering, the underlying trends in the British economy are not much different to those that existed before the referendum.

Anyways I'm off to the footy forums, though they're scarcely more optimistic after yesterdays drumming, but there all men and women, of whatever race, colour or creed (and political persuasion) are united in love of club and bemusement about Bravo and I find that comforting in these divisive times....Au revoir.
 
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The perfect fumble said:
On a side note, the government has what we call "inward investment advisers", one of those adviser's entire job description is to assist Man City, the lucky bastard!
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Sounds like your next promotion?
As for the export trade, don't worry the Don's gonna do a good deal with us!
If you don't get the City job , you could be the deal clincher, get your photo taken with him outside the lift at Trump Towers?
 
Len Rum said:
It is great entertainment.
Actually if you read the fumble's cv which he posted a few pages back he probably does a hell of a lot more than most on here to promote exports and help the country out in these uncertain times.
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I bet I bring more inward direct investment to the UK. But I'm not sure what that's got to do with anything.

The problem is one guy labelling anyone looking at positives as being little englanders and that they've capitulated in seeing said bright side. It's fucking strange rhetoric don't you think?
 
I might be wide of the mark here as I don’t work for the Department for International Trade or run my own export business, but surely it must be easier for the UK to set up a trade deal with a non-EU country than it is for the EU as a whole to do it. For the EU to set up a deal, all 28 (soon to be 27) countries have to agree the deal and no doubt all EU countries have their own personal interests. The recent example of the Canada deal being held to ransom by a region of Belgium illustrates this. A bilateral agreement only needs to consider the interests of two parties not 29.

I work for one of Britain’s biggest exporters and most of our exports are to countries with which the EU does not have a deal. It doesn’t stop the exports going ahead. It makes sense to me that once out of the EU, some of these countries may be happy to set up a deal with the UK if it makes their imports from us cheaper. I suspect the biggest challenge for a post Brexit Britain will be to agree a trade deal with the EU due to the need for 28 countries to agree it. Deals with other countries should be easy by comparison. Maybe the financial markets realise this so a weak pound combined with the prospect of UK trade deals with countries not currently in a deal with the EU may be another factor in the rise of the index.

As I've said previously, I didn't vote for Brexit as I believe that membership of the EU brings us more than just trade benefits but I suspect being out of the single market won't be the disaster some people are expecting and it's the duty of our politicians and civil servants to make the best of it whatever their personal opinions.
 
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