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Anyone any view on if we leave eu the affect on prices - particularly high end kit.
Sterling has already taken a hit because of the uncertainty around in or out.
The latest was if we trade on WTO then it would cost us 9bn on import so prices would go up.
The rate is the same as it was 12-14 months ago, before all the referendum nonsense.
Short-term the pound takes a dive against pretty much all currencies. Imports (and holidays) get more expensive. All very up-down, but mostly down with a dead cat bounce or two,
Medium- to long-term impossible to say. It depends what agreements are reached and how the markets respond to them. The markets are inherently conservative and dislike change/uncertainty, so expect volatility for a prolonged period until negotiations are well underway and the future looks less uncertain. Political decisions may favour lowering the value of Sterling to keep exporting attractive at the expense of consumer buying power. The uncertain post-Brexit UK political landscape doesn't help with making predictions. Which direction will the Conservative party lurch (under Boris or Gove or AN Other)? will the Left collapse or rally?
If we leave can we still use our Continental Quilts ?
I am completely sick to the back teeth of foreign bedding coming over here keeping us warm at night, putting blankets out of a jobIf we leave can we still use our Continental Quilts ?
Most economists agree that we will be better off in the long run within EU from an economic point of view.
Longer term larger markets do better.
Personally i think those predicting the demise of the EU have taken a very short term view of the last few turbulent years.
So in answer to the question, no-one really knows .....
To be fair, we didn't stop making it.We won't need to import s*** from the EU if we actually made it ourselves again
You very rarely get experts agreeing on anything but the overwhelming majority of experts agree staying in the EU is better. Funny how the Brexiteer's just dismiss that but I bet if it were the other way around they'd be trumpeting it from the rooftops as gospel.Most? but not all.
There's nothing to stop us from trading with the rest of the world right now. It's not mutually exclusive. We can have free trade with the rest of EU countries AND trade with the rest of the world.Agreed, so that's the rest of the world then?
The EU is stagnant & our exports to the EU have been decreasing over many years. (now less than 44%)
all you exchange rate "experts" should be able to make loads of money in the currency markets then
If you can tell us which way the result will go...all you exchange rate "experts" should be able to make loads of money in the currency markets then
???? What are you talking about ???
The whole point is if we stay in the EU, the pound will strengthen. If we exit, it will weaken - this is pretty much guaranteed.
What we don't know, and hence the speculation and therefore risk, is the result of the Brexit vote.
Tell me the result of the EU vote and I will "make loads of money in the currency markets" - using your words !
If you can tell us which way the result will go...
No ,if you read the thread you'll see that the predictions are that Sterling will fall if we vote to Leave. That's no certainty, despite what you may wish to believe.read what has been said in this thread Alastair ........ Sterling seems "doomed" (in this thread) and according to the contributors can only go one way
what do you mean "what am I talking about", read the postings above were people are convinced that the pound will fall ....... if they and (you) know what is going to happen, back your convictions with your money ............. that's what many are doing
read what has been said in this thread Alastair ........ Sterling seems "doomed" (in this thread) and according to the contributors can only go one way
Unlikely to be the 24th. Apparently results might not be in for at least 24 hours after polling closes. Which is probably a good thing, as the result will be announced whilst markets are closed over the weekend.No ,if you read the thread you'll see that the predictions are that Sterling will fall if we vote to Leave. That's no certainty, despite what you may wish to believe.
A Remain vote will likely see a short-term spike in Sterling on the morning of the 24th.
No ,if you read the thread you'll see that the predictions are that Sterling will fall if we vote to Leave. That's no certainty, despite what you may wish to believe.
A Remain vote will likely see a short-term spike in Sterling on the morning of the 24th.
The markets will almost certainly react to exit polls, which will be available the minute the polls close on the 23rd. Plus, the markets never really close - the "official" markets just play catch-up first thing on Monday morning.Unlikely to be the 24th. Apparently results might not be in for at least 24 hours after polling closes. Which is probably a good thing, as the result will be announced whilst markets are closed over the weekend.
Do you feel confident enough that we're wrong to put it to a bet? They are just predictions, but do you think them unlikely or unrealistic? The options markets are already reported as covering likely drops post a Leave vote - www.bbc.co.uk/news/business-36462507No if you read the predictions on this thread you will see that they are meaningless ............ is anyone remotely qualified on this thread to predict what will happen and even to say that it is a result of Brexit
There's nothing to stop us from trading with the rest of the world right now. It's not mutually exclusive. We can have free trade with the rest of EU countries AND trade with the rest of the world.
from the '90s onwards we got tight-fisted and wanted everything cheap (e.g. the rise of Primark and the slow death of the UK textiles industry)