Cyprus-Forum.com

[Paul ZKTV]

Goldman Sachs
A lack of clarity on the outlook facing the UK economy has seen businesses pull back on investments and a flurry of European countries start to bid for UK businesses potentially looking to leave for the continent in order to maintain unfettered access to the single European market.
1.1871▼
12 Month Best:
1.4415

[miltiades]

Austrian finance minister Hans Jörg Schelling has predicted the following in German newspaper Handelsblatt:

"Britain will remain a member of the EU in the future. In five years, there will still be 28 member states."

I agree with him !!

Britain out of the EU will be like fish out of water! Once reality begins to manifest it self and the nation finds it self engulfed in an economic grimness then common sense may well prevail. Parliament has to first repeal the 1972 act of accession and then press the self destruct button. Our MPs might be a greedy lot but not that stupid.
In the meantime the pound as of now is trading at below 1.19 at 1.185 , against the Euro, almost 3 cents down from the day after referendum results were known and 12.5 cents below the day before the referendum disaster!

[Paul ZKTV]

it has to AMEND the 1972 act ,as it was changed in the 2011 act ,and add the 24 month time limit
ken clarke as his last act will get 10-30 min tory MPs on a Fact finding mission to a whisky factory in CHINA

[miltiades]

In the meantime, my £16,000 pension that a few weeks ago was worth 20800 euros has now diminished by 2000 euros per annum. Now lets see how many ..... bottles of Othello I have already lost, 2000 euros equals around 660 bottles based on 3 euros per bottle a year FFS. Yes Im so fucking happy we now have our ....country back and no more ....Eastern Europeans, just third world immigrants !!

[Robin Hood]

Milti:

NO Robin. Mission is far from being accomplished! The UK is still in the EU and subject to the continuing uncertainty who knows how Parliament will vote 2- 3 months down the line.

It depends on whether you agree with democracy or not. As I said, it is those that didn’t get the result they wanted that are playing into the hands of the EU to punish the UK and bring them down, by their continuous whining and vocal warnings with their doom and gloom predictions, of a REAL economy that is the same today as it was before the vote. We are out, just packing our bags, and making arrangements ..... we're out, you are going to have to get used to the idea.

By the way, your friend will be proven wrong. The pound will continue to fall, your pension received in Cyprus will continue to erode, like it or not the UK has gained nothing and lost a great deal by the decision taken at the the non legal binding referendum.

Your opinion ..... my source studied at London University for seven years and has a Masters Degree in Economics and whatever the Masters qualification is for an Actuary. It cost his parents thousands. The UK financial system has been hit NOT the UK economy. My pension will recover ....... but the Eurozone won’t. The Brexit and the unexpected reaction to it has struck a mortal blow to EU Federalism ....... the EU is crumbling from its very foundations!

I'm and always have been an optimist, and indeed I'm optimistic that Parliament will not trigger A.50 any time soon when the nation is faced with severe economic climate over the next few months. The Brexit voters will be demonstrating en mass in support of Parliament's reluctance to press the self destruct button.

I see that as a post by a pessimist, certainly not an optimist. We will jump ship when WE say so .... not when it suits Herr Junker!

The future both economically but most importantly politically is with a united Europe, a Europe that our future young generation can live without the fear of another war. Britain out of Europe does present in reality a possibility of a conflict developing. We know that Germany is not the flavour of present times, who is to say that if Britain did come out of Europe and faced with unprecedented financial hardship that a conflict would not erupt.

Then you are going to be disappointed! The EU and NATO are a recipe for War and are acting to support US hegemony. They have fed you all this rubbish about the ‘Russian threat’, you must have an EU army to protect Europe against ‘Russian aggression’ etc.supplied with US weapons of course.

Then US/NATO/EU act in unison and mass thousands of troops within spitting distance of the Russian border, mount an offensive missile system within a few minutes range of Moscow and then accuse Russia of aggressive behaviour when they act to counter WESTERN AGRESSION by stationing their troops within their borders as a precaution.

The danger to peace is the UK being sucked into defending Europe again. Teresa May I believe wants to rebuild the Trident Fleet immediately to protect the UK? So the UK should be OK when Putin launches a few hundred missiles on Europe when they attack Russia in a pre-emptive strike or the EU pushes its luck.

Tell me ...... honestly ....... when was the last time Russia attacked or threatened any EU country?

The last time was when they drove the Germans out of Russia and would have gone all the way to the Atlantic if the US/UK and allies had not mounted the Normandy invasion. Then they were our allies, except maybe during the cold war period. But they never attacked or threatened an EU country.

United we stand divided we .........

..... but we aren’t United as the ‘remainers’ are tearing the country apart.

[kurupetos]

Austrian finance minister Hans Jörg Schelling has predicted the following in German newspaper Handelsblatt:

"Britain will remain a member of the EU in the future. In five years, there will still be 28 member states."

Of course... what about the referendum then? What was the point of it?

[Tim Drayton]

M&G and Aviva suspend property fund redemptions as Brexit fears mount

https://www.theguardian.com/business/li ... iness-live

[Paul ZKTV]

FFS
you go to lunch ,get a bit of shopping in and its dropped again !!!

1.175▼ -1.36%
12 Month Best:
1.4415

[Robin Hood]

FFS
you go to lunch ,get a bit of shopping in and its dropped again !!!

1.175▼ -1.36%
12 Month Best:
1.4415

In Jan 2006 it hit 1.52 Euros to the pound Sterling, by Dec 2008 it was down to 1.03 a drop of around 33%. Don't panic Paul just don't buy anything for a few weeks, then things will change for the better. I would be more worried if I had put all my spare money into 'buy-to-let' property.

[miltiades]

Robin, currencies do fluctuate on a daily basis based on a plethora of economic indicators .
What is happening to the pound right now is due solely to the referendum outcome.

Your economist friend is wrong in telling you that the pound will soon recover. It will not. The downward journey will continue because investors will not take the risk.

In a month from now, and you may quote me, the pound will be on par with the Euro.