Page 6 of 7 FirstFirst ... 4567 LastLast
Results 151 to 180 of 183

Thread: Britain's financial sector reels after Brexit bombshell

  1. #151
    "One day, we shall die. All the other days, we shall live."

  2. #152
    Senior Member
    Join Date
    Jan 2010
    Location
    Amsterdam/Istanbul
    Posts
    12,462
    Quote Originally Posted by Aimless View Post
    I wonder if anyone realized that.
    Congratulations America

  3. #153
    Who needs to do their homework when they can use their gut and listen to those uninformed morons they already agree with?
    Hope is the denial of reality

  4. #154
    It is interesting though. I'd just assumed that the UK re-joining EFTA would be beneficial to--and welcomed by--all EFTA-members, provided there were no special treatment. I hadn't considered the possibility that the UK may have a disruptive and unwelcome effect on EFTA simply by joining it.
    "One day, we shall die. All the other days, we shall live."

  5. #155
    I'm guessing they might not want the UK to hijack their bargaining positions, the same way it constantly tried in the EU. Only here, the UK would have more leverage. .
    Hope is the denial of reality

  6. #156
    Btw, I have been wondering about something that I think you guys may be able to explain to me.

    If the pound drops against the dollar and some other currencies

    and then dollar drops against some of those other currencies

    does the pound rally against the dollar?
    "One day, we shall die. All the other days, we shall live."

  7. #157
    Senior Member
    Join Date
    Jan 2010
    Location
    Amsterdam/Istanbul
    Posts
    12,462
    Quote Originally Posted by Aimless View Post
    Btw, I have been wondering about something that I think you guys may be able to explain to me.

    If the pound drops against the dollar and some other currencies

    and then dollar drops against some of those other currencies

    does the pound rally against the dollar?
    Only if all other parameters stayed the same.
    Congratulations America

  8. #158
    Quote Originally Posted by Aimless View Post
    Btw, I have been wondering about something that I think you guys may be able to explain to me.

    If the pound drops against the dollar and some other currencies

    and then dollar drops against some of those other currencies

    does the pound rally against the dollar?
    Unknown.

    If the pound holds stable against those other currencies in the second phase then yes. If not, then not necessarily. More information required for a definitive answer.
    Quote Originally Posted by Ominous Gamer View Post
    ℬeing upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  9. #159
    Quote Originally Posted by Aimless View Post
    It is interesting though. I'd just assumed that the UK re-joining EFTA would be beneficial to--and welcomed by--all EFTA-members, provided there were no special treatment. I hadn't considered the possibility that the UK may have a disruptive and unwelcome effect on EFTA simply by joining it.
    There's two years to negotiate entry, why would Norway guarantee the UK entry before any negotiations have taken place whatsoever yet? I have no doubt we'll get it sorted if that is the path we go down, but it makes no sense for any party at this premature stage to give everything away unconditionally.
    Quote Originally Posted by Ominous Gamer View Post
    ℬeing upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  10. #160
    Senior Member
    Join Date
    Jan 2010
    Location
    Amsterdam/Istanbul
    Posts
    12,462
    Quote Originally Posted by RandBlade View Post
    There's two years to negotiate entry, why would Norway guarantee the UK entry before any negotiations have taken place whatsoever yet? I have no doubt we'll get it sorted if that is the path we go down, but it makes no sense for any party at this premature stage to give everything away unconditionally.
    It creates extra problems for the UK though that it has to play on several boards at the same time, with stronger and more experienced players. Just a wild example; what if Bulgaria brings up the problem of fishing rights? Sounds ridiculous doesn't it? But they could. And to make that demand go away will not be as easy as saying that it is ridiculous.
    Congratulations America

  11. #161
    Less than 2 years later, with the usual caveat that we haven't left yet but ...

    ... Sterling is back above $1.40 (indeed higher than it was a fortnight before the Brexit vote).
    ... very few jobs have moved.
    ... even more jobs have actually arrived.
    ... London is still the financial capital of Europe.
    ... FTSE is 25% higher than it was before the Brexit vote.
    Quote Originally Posted by Ominous Gamer View Post
    ℬeing upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  12. #162
    Senior Member
    Join Date
    Jan 2010
    Location
    Amsterdam/Istanbul
    Posts
    12,462
    Quote Originally Posted by RandBlade View Post
    Less than 2 years later, with the usual caveat that we haven't left yet but ...

    ... Sterling is back above $1.40 (indeed higher than it was a fortnight before the Brexit vote).
    ... very few jobs have moved.
    ... even more jobs have actually arrived.
    ... London is still the financial capital of Europe.
    ... FTSE is 25% higher than it was before the Brexit vote.
    And all of that on the presumption the UK is going to turn into a province of the EU. Congratulations.
    Congratulations America

  13. #163
    More nonsense from you. Now that reality is turning Project Fear to dust, now its "ah but you're not really leaving". Except we are and life goes on.
    Quote Originally Posted by Ominous Gamer View Post
    ℬeing upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  14. #164
    Senior Member
    Join Date
    Jan 2010
    Location
    Amsterdam/Istanbul
    Posts
    12,462
    Quote Originally Posted by RandBlade View Post
    More nonsense from you. Now that reality is turning Project Fear to dust, now its "ah but you're not really leaving". Except we are and life goes on.
    So far you only have left, and your government is very much trying to leave in name only. Finally, appearantly Breximaniacs have somehow missed the fact that the dollar is significantly down against the euro.
    Congratulations America

  15. #165
    Despite the wild imaginings of Euromaniacs like yourself, the Dollar is the global standard and global currency. While if you're satisfied that this is leaving in name only then mission accomplished.
    Quote Originally Posted by Ominous Gamer View Post
    ℬeing upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  16. #166
    Days after Khen was gloating that there was of course no chance of Financial Services being included in a Brexit deal, despite Macron confirming a bespoke deal for Britain ... we now have the Italian PM saying it would be "unrealistic" to not include Financial Services in the deal. https://www.bloomberg.com/news/artic...taly-thinks-so

    File under No Shit Sherlock, I said that was obvious all along. Continental Europe cutting herself off from the number one source of financial funding would not be clever.
    Quote Originally Posted by Ominous Gamer View Post
    ℬeing upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  17. #167
    Nope.

    "One day, we shall die. All the other days, we shall live."

  18. #168
    I see I'm deluded for interpreting the words "Any Brexit deal must include financial services" to mean that "Any Brexit deal must include financial services". Riiiiiggghttt ....
    Quote Originally Posted by Ominous Gamer View Post
    ℬeing upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  19. #169
    Let sleeping tigers lie Khendraja'aro's Avatar
    Join Date
    Jan 2010
    Location
    In the forests of the night
    Posts
    6,239
    Quote Originally Posted by RandBlade View Post
    I see I'm deluded for interpreting the words "Any Brexit deal must include financial services" to mean that "Any Brexit deal must include financial services". Riiiiiggghttt ....
    You still do not understand that including financial deals WILL also include the four freedoms and you still bein subject to our courts?
    When the stars threw down their spears
    And watered heaven with their tears:
    Did he smile his work to see?
    Did he who made the lamb make thee?

  20. #170
    Quote Originally Posted by RandBlade View Post
    I see I'm deluded for interpreting the words "Any Brexit deal must include financial services" to mean that "Any Brexit deal must include financial services". Riiiiiggghttt ....
    No, what's delusional is assuming, over and over again, that there are such substantial disagreements between EU member states & the negotiators--about the negotiations--that the UK will end up getting unicorns that have been expressly taken off the table.
    "One day, we shall die. All the other days, we shall live."

  21. #171
    Quote Originally Posted by Khendraja'aro View Post
    You still do not understand believe that including financial deals WILL also include the four freedoms and you still bein subject to our courts?
    Fixed that for you.

    Considering TTIP was going to include Financial Services originally, would that have included the four freedoms and made the USA subject to your courts?
    Quote Originally Posted by Ominous Gamer View Post
    ℬeing upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  22. #172
    Quote Originally Posted by Aimless View Post
    No, what's delusional is assuming, over and over again, that there are such substantial disagreements between EU member states & the negotiators--about the negotiations--that the UK will end up getting unicorns that have been expressly taken off the table.
    Except the member states keep saying it should be on the table.

    Which makes sense, Europe would be engaging in a tremendous act of self-harm if it cut itself off from London's financial services. It would be like the Credit Crunch all over again, maybe this time on steroids.
    Quote Originally Posted by Ominous Gamer View Post
    ℬeing upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  23. #173
    Quote Originally Posted by RandBlade View Post
    Except the member states keep saying it should be on the table.

    Which makes sense, Europe would be engaging in a tremendous act of self-harm if it cut itself off from London's financial services. It would be like the Credit Crunch all over again, maybe this time on steroids.
    I don't see any member states clearly stating that they want and expect to see the UK get a substantial agreement on free trade in financial services once it reverts to third country status.
    "One day, we shall die. All the other days, we shall live."

  24. #174
    Well negotiations haven't even really began on the final trade deal yet let alone finished. The Irish PM has said he would like to see us have a Norway Plus deal but even I wouldn't expect that.
    Quote Originally Posted by Ominous Gamer View Post
    ℬeing upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  25. #175
    Senior Member
    Join Date
    Jan 2010
    Location
    Amsterdam/Istanbul
    Posts
    12,462
    The fun part is that the Brits hope that phase two division is going to save them. But of course WE know that in that stage of the negotiations they need us to be unanimous more than ever.
    Congratulations America

  26. #176
    I don't hope for division. I hope everyone agrees unanimously that a good trade deal is in everyone's best interests. That nobody is helped by cutting off their nose to spite their face.
    Quote Originally Posted by Ominous Gamer View Post
    ℬeing upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  27. #177
    Senior Member
    Join Date
    Jan 2010
    Location
    Amsterdam/Istanbul
    Posts
    12,462
    Quote Originally Posted by RandBlade View Post
    I don't hope for division. I hope everyone agrees unanimously that a good trade deal is in everyone's best interests. That nobody is helped by cutting off their nose to spite their face.
    It’s you who in Daily Fail style thinks it matters very much what the Irish PM says outside the Council.
    Congratulations America

  28. #178
    Of course it matters, they are key stakeholders and part of the decision making process.
    Quote Originally Posted by Ominous Gamer View Post
    ℬeing upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

  29. #179
    Senior Member
    Join Date
    Jan 2010
    Location
    Amsterdam/Istanbul
    Posts
    12,462
    Quote Originally Posted by RandBlade View Post
    Of course it matters, they are key stakeholders and part of the decision making process.
    There are no key stakeholders. You need every single government and parliament on board to get any deal on the future relationship. You are way too self absorbed to even start to understand.
    Congratulations America

  30. #180
    They absolutely are key stakeholders which is why their input was so crucial at the end of the last set of negotiations.
    Quote Originally Posted by Ominous Gamer View Post
    ℬeing upset is understandable, but be upset at yourself for poor planning, not at the world by acting like a spoiled bitch during an interview.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •