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GBP vs USD

Discussion in 'General Vegas Talk' started by Rubos, Jun 13, 2016.

  1. RTG10

    RTG10
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    The truth of the matter is all of the uncertainty around Brexit is already baked into the 1.4 price. This is evidenced by the fact that even a sniff of a positive remain opinion poll sent it rocketing to 1.47 . The market is desperate to bounce back and even if we left it would rebound on the outcome of the decision.

    In terms of the government not legally having to respect the vote your right, however, if they didn't they would make themselves unelectable for decades. Realistically an exit vote would set in motion a slow roll of epic proportions whilst they negotiate our exit terms, there would be a general election in between and my guess is a swing in parliament would mean a new government would come in an over turn it.

    I seriously can't see any scenario where we exit despite a leave vote.
     
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  2. newmans

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    I feel badly for all you Brits with travel plans. It's ugly today. GBP spot is 1.3692 vs 1.4636 from a month ago.
     
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  3. Hoofy7

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    I guess I'm not in the majority here at all but I can understand the WHY of why it was done. I'm surprised that any states in US haven't started something of this nature yet. Or at least attempted.
     
  4. Luke

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    There was a sharp drop last night, but it's already recovered some of it. I'm sure they will ultimately temper the situation with some labor market agreements like Norway and Switzerland have in place.
     
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  5. RTG10

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    I had to buy my USD for next week today, got 1.3 for it. Terrible.

    I will be setting up a PayPal account where you can all donate any unused comps for my next TR!

    Poor Brits!

     
  6. Mrs. K.

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    Yeah, why not Tex-it?
     
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  7. squidward

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    Have you ever heard of this State called Texas? Right-on Ms.K!

    Oh that could have been construed as ambiguous... so let me clear it up Pro Brexit, Pro Texit, Pro Trump... are we all clear now? I'm 1/3 so far!
     
    #17 Jun 25, 2016
    Last edited: Jun 25, 2016
  8. bayoubengal

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    Check out US History, 1861-1865
     
  9. openwindow

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    Do you think GBP has hit its lowest? Good time to invest in some GBP hoping it will rise in future?
     
  10. CorinneUK

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    I would be buying if I were you. Wish I needed to buy GBP instead of USD. It's pretty bad for us. Luckily I got some dollars the day before the referendum.
     

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