Maybe why the FTSE is it's highest since Aug last year despite all the suggested post-BREXIT 'panic'?BBCWatcher wrote:Post-referendum, investors are desperately seeking safe havens for their sterling.
p.s/add: Quite WD40, point well made.
Maybe why the FTSE is it's highest since Aug last year despite all the suggested post-BREXIT 'panic'?BBCWatcher wrote:Post-referendum, investors are desperately seeking safe havens for their sterling.
I don't think it is when measured in other major currencies. Moreover, the FTSE indices aren't exclusively (or even very) U.K. domestic. Multinationals are multinationals, even if they're part of a FTSE index. Burberry, GSK, Diageo, and Intercontinental Hotels -- picking four examples at random -- are truly global companies.JR8 wrote:Maybe why the FTSE is it's highest since Aug last year despite all the suggested post-BREXIT 'panic'?
How this Joker got in such a strong position is criminal anyway.JR8 wrote:Haha Merkel is going to take her axe to Juncker [although hang on, who voted for her to run Europe?]
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'Angela Merkel 'to oust Jean-Claude Juncker' as Europe splits deepen over Brexit response
'Angela Merkel could move to oust Europe’s federalist chief Jean-Claude Juncker 'within the next year', a Germany government minister has said, in a sign of deepening European divisions over how to respond to Britain’s Brexit vote.
The German chancellor’s frustration with the European Commission chief came as Europe split over whether to use the Brexit negotiations as a trigger to deepen European integration or take a more pragmatic approach to Britain as it heads for the exit door.
“The pressure on him [Juncker] to resign will only become greater and Chancellor Merkel will eventually have to deal with this next year,” an unnamed German minister told The Sunday Times, adding that Berlin had been furious with Mr Juncker “gloating” over the UK referendum result.
Mr Juncker’s constant and unabashed calls for “more Europe”, has led to several of Europe other dissenting members – including Poland, Hungary and the Czech Republic – to lay some of the blame for Brexit at his door.
Even before he was appointed President of the European Commission - against the wishes of David Cameron - concerns were raised about Mr Juncker's alchohol consumption which were dismissed as a "smear campaign" by his officials.
At the time The Telegraph and several other newspapers reported officials worrying about Mr Juncker having "cognac for breakfast" and rolling through long negotiations fortified with large quantities of claret and brandy. ' [continues]
http://www.telegraph.co.uk/news/2016/07 ... its-deepe/
The response at the result among those who voted to Remain is most interesting. The willful ignorance of the affluent, educated and cosmopolitan on how divided and polarised British society has become is striking. The voting patterns mirrored divisions along the lines of class, economic standing, education, age, residence and ethnicity.
The debate was always between economics and sovereignty (in the guise of immigration and border control). Exaggerated claims of economic losses, based on macroeconomic models which have failed repeatedly over recent years, to engender fear were rejected. Some UK regions reliant on exports to the EU voted strongly to Leave. For the disenfranchised, the fruits of growth, investment and international trade remain unattainable. Threats – perceived or real – to jobs, and uncertainty about nationality, are powerful forces. The inconvenience of the non-EU line at immigration or the ability to own a holiday retreat on the continent does not concern those who have never had those opportunities.
The European Union is to show its determination to make no concessions to the UK on Brexit terms by telling Switzerland it will lose access to the single market if it goes ahead with plans to impose controls on the free movement of EU citizens.
Check that. Nigel Farage just resigned (again) as UKIP leader. He decided he couldn't top his Brexit win -- and it is his "win," in ample measure -- so now is a good time to spend more time with his family. Maybe he'll come back again, but this time he probably means it.BBCWatcher wrote:And the only leader who lost his/her job is...David Cameron.
I doubt it, but even if it did, that's not an argument justifying why the United Kingdom would vote to leave. EU countries are still going to be adjacent (or even connected to, in the case of Northern Ireland) the United Kingdom. They aren't going anywhere. The tectonic plates aren't shifting that fast.JR8 wrote:If the EU carries on like this it's going to implode.
Do you even have the slightest idea why a vast majority of the folk who voted to leave did so?BBCWatcher wrote: Hating Europe and Europeans -- rooting for lack of comity in Europe -- isn't a viable strategy, and it's not in the United Kingdom's own national interest. It's just dumb -- always has been. And it's also "outside the barn" now.
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