Sterling volatility hits crisis levels as Brexit pulls ahead in polls - Polidicks

[QUOTE]Brexit jitters pushed the pound down as sterling volatility surged to levels not seen since the financial crisis yesterday after three EU referendum polls put the leave campaign in the lead.[/QUOTE] [QUOTE]David Cameron, the prime minister, warned on Monday of a "decade of uncertainty" if Britain votes to leave the EU, while Boris Johnson, the former London Mayor, said it was a "delusion" to believe that "bartering away our freedom and democracy" would boost UK prosperity.[/QUOTE] [QUOTE]As the rival camps clashed on the economy, the price of insuring against a collapse in the pound against the dollar jumped to its highest since the start of 2009 after a poll showed 45pc of Britons would vote to leave the EU in the June 23 vote.[/QUOTE] [url]http://www.telegraph.co.uk/business/2016/06/06/sterling-volatility-hits-crisis-levels-as-two-polls-show-britons/[/url]

Even if the leave party wins, parliament will just reverse it anyway. [url]http://www.theguardian.com/politics/blog/2016/jun/06/reverse-maastricht-legal-politically-feasible-eu-referendum-brexit[/url]

seems their economy is gonna get pounded if they leave

The value of Sterling is a worthless barometer of economic confidence. In the run up to the Scottish independence referendum, the Better together campaign argued that independence was threatening to the pound, and after Scotland voted to stay in the UK the pound still dropped by about 0.2%. This was it's lowest since 2010. This is just more scaremongering from the Remain side.

[QUOTE=The mouse;50466825]The value of Sterling is a worthless barometer of economic confidence. In the run up to the Scottish independence referendum, the Better together campaign argued that independence was threatening to the pound and after Scotland voted to stay in the UK the pound still dropped by about 0.2%. This was it's lowest since 2010. This is just more scaremongering from the Remain side.[/QUOTE] Value of our currency doesn't really matter all too much for us anyway to be honest as long as it remains within reason. If anything, our currency is overvalued.

[QUOTE=FlashMarsh;50466848]Value of our currency doesn't really matter all too much for us anyway to be honest as long as it remains within reason. If anything, our currency is overvalued.[/QUOTE] The billions of pounds that have been taken out of the UK economy must count for something though. [URL="http://www.independent.co.uk/news/uk/politics/billions-of-pounds-taken-out-of-the-british-economy-amid-fears-of-brexit-a7069786.html"]http://http://www.independent.co.uk/news/uk/politics/billions-of-pounds-taken-out-of-the-british-economy-amid-fears-of-brexit-a7069786.html[/URL]

Oh for fucks sake UK give us young-uns a break allready! We already can't afford shit!

[QUOTE=mini me;50477241]Oh for fucks sake UK give us young-uns a break allready! We already can't afford shit![/QUOTE] Don't worry if you work hard for the rest of your life you might even be able to afford your very own house when you're 70. Just in time to retire!

[QUOTE=mini me;50477241]Oh for fucks sake UK give us young-uns a break allready! We already can't afford shit![/QUOTE] The Tories couldn't give less of a fuck if you're poor tbh

Leave the EU, reinstate borders, burn the Brussels Whorehouse to the ground. The economy of the EU is shaky at best, and you cannot simply fill a leaky ship with more people. The ship will sink, and it's better to jump and swim to shore before that occurs. Sadly, when I tried to register to vote under my dual citizenship, I realized I needed to fix up some issues with my passport, so yay. The idea of a United Europe isn't a bad idea, but at this current moment in time, it was done far to fast, and is handing to much power to people who have no clue on how to handle it properly and are making decisions for the whole of the EU without any conscious thought.

[QUOTE=Electrocuter;50466668]seems their economy is gonna get pounded if they leave[/QUOTE] I don't think an economic disconnect is even an option here. I assume that leaving would conclude to a likewise market access deal that Norway has.

If this goes through it's gonna make the situation in Northern Ireland very different, hope it doesn't happen. If I need to start pullling my passport out to go to the South I'll be pretty pissed off.

[QUOTE=JoeSkylynx;50477368]Leave the EU, reinstate borders, burn the Brussels Whorehouse to the ground. [/QUOTE] what the everloving fuck

[QUOTE=Holt!;50466636]Even if the leave party wins, parliament will just reverse it anyway. [url]http://www.theguardian.com/politics/blog/2016/jun/06/reverse-maastricht-legal-politically-feasible-eu-referendum-brexit[/url][/QUOTE] That's about staying in the common market, not the EU [editline]8th June 2016[/editline] [QUOTE=chills2;50477406]If this goes through it's gonna make the situation in Northern Ireland very different, hope it doesn't happen. If I need to start pullling my passport out to go to the South I'll be pretty pissed off.[/QUOTE] Free travel between UK and RoI is a result of the Anglo-Irish Common Travel Area and has nothing to do with the EU

[QUOTE=smurfy;50477455]That's about staying in the common market, not the EU [editline]8th June 2016[/editline] Free travel between UK and RoI is a result of the Anglo-Irish Common Travel Area and has nothing to do with the EU[/QUOTE] They've been raving that a border will be put up that will prevent free travel for us and that NI as we know it will collapse. Just scaremongering

[QUOTE=mini me;50477241]Oh for fucks sake UK give us young-uns a break allready! We already can't afford shit![/QUOTE] The minimum wage is a prime example of this shit. It is £5.30 for 18-20, £6.70 for 21 to 24 and £7.20 for 25+. It used to be the full minimum wage was for anyone 21+, but that was stopped this April when the 21-24 band was brought in. It is a prime example of how much the Tories care about young people that they believe they shouldn't give them the same minimum wage, like things are magically cheaper for young adults. It is straight age discrimination. If you charged old people more as a shop, you would be hit with the Equality act 2010, so why is it ok to pay young adults less for their work?

[QUOTE=JoeSkylynx;50477368]Leave the EU, reinstate borders, burn the Brussels Whorehouse to the ground. The economy of the EU is shaky at best, and you cannot simply fill a leaky ship with more people. The ship will sink, and it's better to jump and swim to shore before that occurs. Sadly, when I tried to register to vote under my dual citizenship, I realized I needed to fix up some issues with my passport, so yay. The idea of a United Europe isn't a bad idea, but at this current moment in time, it was done far to fast, and is handing to much power to people who have no clue on how to handle it properly and are making decisions for the whole of the EU without any conscious thought.[/QUOTE] Kinda glad you weren't able to register to be quite honest.

[QUOTE=JoeSkylynx;50477368]Leave the EU, reinstate borders, burn the Brussels Whorehouse to the ground. The economy of the EU is shaky at best, and you cannot simply fill a leaky ship with more people. The ship will sink, and it's better to jump and swim to shore before that occurs. Sadly, when I tried to register to vote under my dual citizenship, I realized I needed to fix up some issues with my passport, so yay. The idea of a United Europe isn't a bad idea, but at this current moment in time, it was done far to fast, and is handing to much power to people who have no clue on how to handle it properly and are making decisions for the whole of the EU without any conscious thought.[/QUOTE] did you ever live in the uk btw? if your knowledge of politics thus far is just reddit and one of your parents i think you shouldn't be allowed to vote on important matters since you never really lived there? just because someones eggs or semen are british gives you the right to decide on the fate of an entire nation

[QUOTE=Xmeagol;50478074]did you ever live in the uk btw? if your knowledge of politics thus far is just reddit and one of your parents i think you shouldn't be allowed to vote on important matters since you never really lived there? just because someones eggs or semen are british gives you the right to decide on the fate of an entire nation[/QUOTE] I have lived in the UK previously, and stating, "Just because you were born to British family doesn't make you a citizen!" is one of the weirdest things I have ever heard. The implications of such a thing would mean that just because you are born somewhere, doesn't make you a citizen. As for where I learned the politics, I have a fairly good grasp of what is going on over there at the moment. The EU is in dire need of reform or to be restarted completely. Far to many groups in Central Europe are pushing for the EU to become a federalized state which will never happen, and with them constantly pushing it, it's going to only cause more problems. Look at the current problems in Greece and Spain at the moment. You have places where certain political factions are literally going around killing each other over austerity measures, and with the refugee crisis we are seeing a new rise in Far Left and Far Right terrorism. What has caused this? Lack of management, lack of understanding for another's culture, and places like Germany forcing down their ideals down the throats of other countries. This simply does not work in practice, and Europe as a whole would be better off with proper border management, trade deals which incentivize progress through cooperation and not law playing, and not causing economic recessions in some countries to protect others. At it's current state, the EU is a slowly sinking ship. It is better to remove oneself from said ship as a warning to the rest of the ship's passengers. If the UK leaves, it might bring some incentive to repair the EU's systems as a whole.

[QUOTE=Terminutter;50477685]The minimum wage is a prime example of this shit. It is £5.30 for 18-20, £6.70 for 21 to 24 and £7.20 for 25+. It used to be the full minimum wage was for anyone 21+, but that was stopped this April when the 21-24 band was brought in. It is a prime example of how much the Tories care about young people that they believe they shouldn't give them the same minimum wage, like things are magically cheaper for young adults. It is straight age discrimination. If you charged old people more as a shop, you would be hit with the Equality act 2010, so why is it ok to pay young adults less for their work?[/QUOTE] The counter argument (not one that i subscribe to mind), is that paying younger people less gives employers an incentive to actually hire them instead of adults, thus giving youngers an 'easier' path into employment. It's total bullshit but hey thats the short n small of it

[QUOTE=JoeSkylynx;50478171]I have lived in the UK previously, and stating, "Just because you were born to British family doesn't make you a citizen!" is one of the weirdest things I have ever heard. The implications of such a thing would mean that just because you are born somewhere, doesn't make you a citizen. As for where I learned the politics, I have a fairly good grasp of what is going on over there at the moment. The EU is in dire need of reform or to be restarted completely. Far to many groups in Central Europe are pushing for the EU to become a federalized state which will never happen, and with them constantly pushing it, it's going to only cause more problems. Look at the current problems in Greece and Spain at the moment. You have places where certain political factions are literally going around killing each other over austerity measures, and with the refugee crisis we are seeing a new rise in Far Left and Far Right terrorism. What has caused this? Lack of management, lack of understanding for another's culture, and places like Germany forcing down their ideals down the throats of other countries. This simply does not work in practice, and Europe as a whole would be better off with proper border management, trade deals which incentivize progress through cooperation and not law playing, and not causing economic recessions in some countries to protect others. At it's current state, the EU is a slowly sinking ship. It is better to remove oneself from said ship as a warning to the rest of the ship's passengers. If the UK leaves, it might bring some incentive to repair the EU's systems as a whole.[/QUOTE] No you haven't. What far left terrorism by the way? Not denying violence among far left extremists but terrorism? Where?

[QUOTE=Killuah;50478236]No you haven't. What far left terrorism by the way? Not denying violence among far left extremists but terrorism? Where?[/QUOTE] Antifa threatening people in towns that vote right parties with violence, communist/anarchist going around attacking people in towns around France, quiet a bit of shit really.

[QUOTE=JoeSkylynx;50478171]I have lived in the UK previously, and stating, "Just because you were born to British family doesn't make you a citizen!" is one of the weirdest things I have ever heard. The implications of such a thing would mean that just because you are born somewhere, doesn't make you a citizen. As for where I learned the politics, I have a fairly good grasp of what is going on over there at the moment. The EU is in dire need of reform or to be restarted completely. Far to many groups in Central Europe are pushing for the EU to become a federalized state which will never happen, and with them constantly pushing it, it's going to only cause more problems. Look at the current problems in Greece and Spain at the moment. You have places where certain political factions are literally going around killing each other over austerity measures, and with the refugee crisis we are seeing a new rise in Far Left and Far Right terrorism. What has caused this? Lack of management, lack of understanding for another's culture, and places like Germany forcing down their ideals down the throats of other countries. This simply does not work in practice, and Europe as a whole would be better off with proper border management, trade deals which incentivize progress through cooperation and not law playing, and not causing economic recessions in some countries to protect others. At it's current state, the EU is a slowly sinking ship. It is better to remove oneself from said ship as a warning to the rest of the ship's passengers. If the UK leaves, it might bring some incentive to repair the EU's systems as a whole.[/QUOTE] I am amazed at how many people see the EU with rose coloured glasses, economically it's a clusterfuck.

[QUOTE=JoeSkylynx;50478275]Antifa threatening people in towns that vote right parties with violence, communist/anarchist going around attacking people in towns around France, quiet a bit of shit really.[/QUOTE] That's certainly not the same as bombs, burning whole buildings, setting off fireworks next to PTSDed refugee homes and shooting kids, I think your perception ("I have a fairly good grasp of what is going on over there at the moment") is really crooked. [editline]8th June 2016[/editline] [QUOTE=karlosfandango;50478312]I am amazed at how many people see the EU with rose coloured glasses, economically it's a clusterfuck.[/QUOTE] Yeah, only the strongest economic area in the world with less internal trade barriers than ever in the history of Europe. What a clusterfuck.

[QUOTE=Killuah;50478313]That's certainly not the same as bombs, burning whole buildings, setting off fireworks next to PTSDed refugee homes and shooting kids, I think your perception ("I have a fairly good grasp of what is going on over there at the moment") is really crooked.[/quote] 'The radicalism I like is obviously far better than the radicalism I'm reactionary toward'. [quote]Yeah, only the strongest economic area in the world with less internal trade barriers than ever in the history of Europe. What a clusterfuck.[/QUOTE] To certain countries sure- but the closing off of Europe from the world ensures that European industry becomes weak on an international scale. The common/[b]closed[/b] market and how it operates is flawed. I'm amazed by your cognitive dissonance/flippancy sometimes.

[QUOTE=Killuah;50478313]That's certainly not the same as bombs, burning whole buildings, setting off fireworks next to PTSDed refugee homes and shooting kids, I think your perception ("I have a fairly good grasp of what is going on over there at the moment") is really crooked. [editline]8th June 2016[/editline] Yeah, only the strongest economic area in the world with less internal trade barriers than ever in the history of Europe. What a clusterfuck.[/QUOTE] As usual your simplistic rhetoric strikes again. The EU is in recession, struggling to recover due to it's crap fiscal policies and the doomed Euro. Critically high unemployment in many countries, euroland as a whole has a debt percentage exceeding 60% with deficits substantially exceeding 3% of GDP. One countries failed economy could bring down the rest of Europe. Speak to the Greeks, Italians and the Spanish about their austerity measures needed to meet EU quota's. The Stability and Growth Pact does exactly the opposite of what it say's on the tin, it restricts countries options in times of economic strife. None of the countries with the euro can internally adjust interest rates to encourage investment in times of trouble because it is federally controlled by the ECB, likewise with currency devaluation, not possible either. Countries with higher labour costs cannot regain competitiveness in the usual way through depreciation. Qualified majority voting can mean voting against public interests of certain individual countries for the greater good. All I ever hear is rhetoric about trade barriers but the reality for citizens is not good and economically Europe is drowning, albeit very slowly. The Euro will go pop eventually and then the wheels will fall off completely.

[QUOTE=Ruski v2.0;50478590]'The radicalism I like is obviously far better than the radicalism I'm reactionary toward'. [/QUOTE] What even is this saying? How is the notion that the main problem in Europe right now is right wing extremism is a far bigger problem right now than left wing extremism wrong? Can you like... I don't know, make a point? What left wing extremism acts of terror are comparable to dozens of burning refugee homes, shooting 77 people, bombings ([url]https://en.wikipedia.org/wiki/National_Socialist_Underground[/url]) and all of that other shit? [editline]8th June 2016[/editline] [QUOTE=karlosfandango;50478597] None of the countries with the euro can internally adjust interest rates to encourage investment in times of trouble because it is federally controlled by the ECB[/QUOTE] That is not true and a broad generalization though? There are many many means to encourage investments? And about the ECB, are you talking about interest rates? What do you want ?The countries to have seperate currencies? That's actually an investment barrier. And even then, the current key interest rate is 0.00% Do you want negative interest rates? [editline]8th June 2016[/editline] [QUOTE=karlosfandango;50478597]As usual your simplistic rhetoric strikes again.[/quote] [quote] the doomed Euro. [/quote] [editline]8th June 2016[/editline] I agree that the austerity measures are fucking bullshit though that's what I criticize my own government for HEAVILY(and what is actually what many left groups are saying too btw) But that doesn't mean [quote]"economically it's a clusterfuck."[/quote] [I](simplistic rhetoric)[/I]

i dont want to leave :(

karlosfandango posted: None of the countries with the euro can internally adjust interest rates to encourage investment in times of trouble because it is federally controlled by the ECB That is not true and a broad generalization though? There are many many means to encourage investments? mmm only one keyword (generalisation) What means are there to encourage investment in an economic downturn other than devaluing currency or adjusting interest rates that are proven to work?

Taxes, deregularization, trade deals, protectionist laws, support programms, I am not a financial expert but I think interest rates below zero are not so cool