Hey there! Sign in to join this conversationNew here? Join for free

May announces hard Brexit - £ surges Watch

Announcements
    • Thread Starter
    Offline

    11
    ReputationRep:
    On its way to its biggest intraday gain since 2008.

    Don't think you will be hearing abput that much on the anti Brexit, biased BBC.
    Offline

    20
    ReputationRep:
    go the £
    • Political Ambassador
    Offline

    17
    ReputationRep:
    (Original post by astutehirstute)
    On its way to its biggest intraday gain since 2008.

    Don't think you will be hearing abput that much on the anti Brexit, biased BBC.
    They are trying so hard to keep it a secret, what with a headline about the pound rising being their third front page headline.
    Offline

    20
    ReputationRep:
    our plucky bulldog £ has shown those effeminate so called Euros what a real currency is like
    • Very Important Poster
    Offline

    19
    Then you obviously dont look at the front page


    The pound has strengthened after Prime Minister Theresa May outlined her plans to take the UK out of the EU.
    Sterling rose sharply when Mrs May started speaking and continued to surge, up 2.4% against the dollar for the day at $1.2332.
    Against the euro, it added 1.5% to reach 1.1528 euros.
    At the same time, the benchmark FTSE 100 share index, which was already in negative territory, fell further to stand 0.76% lower at 7,271.57.
    http://www.bbc.co.uk/news/business-38650529

    I wouldnt get carried away over one days trading, still a long way to go before it reyrns to the $1.50 level it was before the referendum.
    Online

    21
    ReputationRep:
    I think this is a bigger surprise than Leicester winning the Premier League

    or perhaps not. It's probably only because the PM said she will let Parliament vote on her plan.
    Offline

    15
    ReputationRep:
    (Original post by shawn_o1)
    I think this is a bigger surprise than Leicester winning the Premier League
    😂😂
    • TSR Group Staff
    Offline

    18
    ReputationRep:
    Yes, the pound has definitely surged, all the way from $1.20 to a whopping $1.23. Fantastic news, but seeing as it was up at $1.49 before the referendum, I wouldn't crack out the champagne just yet.
    • Thread Starter
    Offline

    11
    ReputationRep:
    (Original post by Dez)
    Yes, the pound has definitely surged, all the way from $1.20 to a whopping $1.23. Fantastic news, but seeing as it was up at $1.49 before the referendum, I wouldn't crack out the champagne just yet.
    You Remoaners can't ever stop the anti Brexit, talk down your own country spinning can you?

    This is the biggest one day rise in nearly a decade!
    Offline

    0
    ReputationRep:
    (Original post by astutehirstute)
    You Remoaners can't ever stop the anti Brexit, talk down your own country spinning can you?

    This is the biggest one day rise in nearly a decade!
    Does that change the fact that it dropped so significantly since brexit?
    Offline

    0
    ReputationRep:
    It's such a minor market response, brexiters have learnt to get impressed over the smallest things because theyre facing a wave of disappointment lmao
    • Thread Starter
    Offline

    11
    ReputationRep:
    (Original post by 999tigger)
    Then you obviously dont look at the front page




    http://www.bbc.co.uk/news/business-38650529

    I wouldnt get carried away over one days trading, still a long way to go before it reyrns to the $1.50 level it was before the referendum.
    Typical BBC spin.

    The headline is "Pound gains but FTSE falls"

    No mention up until then that the FTSE was at record levels. Some profit taking is given an equivalence to a record breaking day for sterling. The extraordinary extent of which is not mentioned.

    Same old anti Brexit, biased BBC. Always lying!
    • TSR Group Staff
    Offline

    18
    ReputationRep:
    (Original post by astutehirstute)
    You Remoaners can't ever stop the anti Brexit, talk down your own country spinning can you?

    This is the biggest one day rise in nearly a decade!
    • Thread Starter
    Offline

    11
    ReputationRep:
    (Original post by remoaner)
    It's such a minor market response, brexiters have learnt to get impressed over the smallest things because theyre facing a wave of disappointment lmao
    What wave of disappointment would that be? The best growth rate in the G7 maybe?
    • Very Important Poster
    Offline

    19
    (Original post by astutehirstute)
    Typical BBC spin.

    The headline is "Pound gains but FTSE falls"

    No mention up until then that the FTSE was at record levels. Some profit taking is given an equivalence to a record breaking day for sterling. The extraordinary extent of which is not mentioned.

    Same old anti Brexit, biased BBC. Always lying!
    You are being really pathetic. It is one days trading.

    The headline is factual, why do you need any spin on it?


    Here look get excited.

    Name:  £ short.PNG
Views: 35
Size:  90.6 KB
    Attached Images
     
    Offline

    0
    ReputationRep:
    (Original post by astutehirstute)
    What wave of disappointment would that be? The best growth rate in the G7 maybe?
    We have not left the EU yet. Let's see if there's growth once we leave the market which accounts for 50% of our trade.
    • Thread Starter
    Offline

    11
    ReputationRep:
    (Original post by remoaner)
    Does that change the fact that it dropped so significantly since brexit?
    It was overvalued before, it corrected too sharply, now it is undervalued.

    You do realise that the price of sterling is controlled by currency speculators, right?

    What fell will eventually rise when they cover their short?
    Offline

    0
    ReputationRep:
    (Original post by astutehirstute)
    It was overvalued before, it corrected too sharply, now it is undervalued.

    You do realise that the price of sterling is controlled by currency speculators, right?

    What fell will eventually rise when they cover their short?
    This is directly contradictory to your overjoy of seeing the pound strengthen by a couple of cents. Which reinforces my first point which is that brexiters get excited over the smallest and most negligible things. So out of touch.

    Thanks for that, you played yourself : ))))))))
    • Very Important Poster
    Offline

    19
    (Original post by astutehirstute)
    It was overvalued before, it corrected too sharply, now it is undervalued.

    You do realise that the price of sterling is controlled by currency speculators, right?

    What fell will eventually rise when they cover their short?
    If its all down to just speculators, then why are you banging on about a rise? Wouldnt that all just be specualtion?
    • Thread Starter
    Offline

    11
    ReputationRep:
    (Original post by remoaner)
    This is directly contradictory to your overjoy of seeing the pound strengthen by a couple of cents. Which reinforces my first point which is that brexiters get excited over the smallest and most negligible things. So out of touch.

    Thanks for that, you played yourself : ))))))))
    No, I am just intellectually honest.

    It is a Leave trait. You Remoaners and your friends in the BBC and the Guardian
    are the liars and spinners.
 
 
 
Reply
Submit reply
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Updated: January 23, 2017
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Will you be richer or poorer than your parents?
    Useful resources
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.