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View Poll Results: How low will GBP/CHF go?
1.36 or higher 5 6.58%
1.3 8 10.53%
1.25 12 15.79%
1.2 13 17.11%
1.15 9 11.84%
1.1 7 9.21%
1.05 4 5.26%
Parity 9 11.84%
0.95 1 1.32%
Lower?!!! 8 10.53%
Voters: 76. You may not vote on this poll

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  #41  
Old 20.06.2016, 23:13
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Re: How low will GBP go?

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There is more truth to this than what many people realize. The devil is in the fact that the referendum is non-binding! Yes, the UK citizenry will boldly vote and the government is pretty much free to ignore the results if they are inconvenient. There is no timeframe and/or obligation for the government to act upon the results.
But that's the same for any referendum.

If the vote is to leave, I reckon both Cameron and Corbyn will go. Not a sodding clue who will replace them, but I won't be a pretty outcome.
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  #42  
Old 20.06.2016, 23:20
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Re: How low will GBP go?

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To be fair, when he promised a referendum, things were looking very much like an easy win for Remain, plus he needed a way to shut off the attacks from UKIP etc.


I understand why he did it - his back was against the wall - but he must have realised it was a kamikaze action, even as it won him the election.


Mind you, how anyone can maintain the pace of being a "world leader" (can't think of a better term at the moment) for more than two terms is beyond me anyway.


It's a worry.


BlueAngel - I reckon they're both gone anyway. As my OH remarked other day - Theresa May's been suspiciously quiet. Maybe she's the one that'll quietly step into Cameron's brogues.
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  #43  
Old 20.06.2016, 23:36
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Re: How low will GBP go?

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I understand why he did it - his back was against the wall - but he must have realised it was a kamikaze action, even as it won him the election.
I don't think so. The referendum is a good thing. There should have been a referendum before we joined and also with important treaties such as Lisbon etc.

The lack of democratic legitimacy for the UK being in the EU has really dogged us. The question needs to be answered clearly once and for all. Then we can either get out, or decide to stay in, but know that the will of the people is to stay in and make a go of it.

Maybe it is just my own perception, but I don't think that the UK seems to be really engaged in Europe, plus I think if it is clear that we are in, then there will be more pressure for UK MEPs to do their jobs properly... (I'm looking at you, Mr. Farage).
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  #44  
Old 21.06.2016, 01:07
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Re: How low will GBP go?

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I don't think so. The referendum is a good thing. There should have been a referendum before we joined and also with important treaties such as Lisbon etc.

The lack of democratic legitimacy for the UK being in the EU has really dogged us. The question needs to be answered clearly once and for all. Then we can either get out, or decide to stay in, but know that the will of the people is to stay in and make a go of it.

Maybe it is just my own perception, but I don't think that the UK seems to be really engaged in Europe, plus I think if it is clear that we are in, then there will be more pressure for UK MEPs to do their jobs properly... (I'm looking at you, Mr. Farage).
"There should have been a referendum before we joined " The United Kingdom EC referendum of 1975, also known as the Common Market referendum and EEC membership referendum was a referendum held on 5 June 1975 in the United Kingdom to gauge support for the country's continued membership of the European Communities (EC), often known as the Common Market at the time.
The electorate expressed significant support for EEC membership, with 67% in favour on a 65% turnout.

What more legitimacy do you want
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  #45  
Old 21.06.2016, 02:01
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Re: How low will GBP go?

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"There should have been a referendum before we joined " The United Kingdom EC referendum of 1975, also known as the Common Market referendum and EEC membership referendum was a referendum held on 5 June 1975 in the United Kingdom to gauge support for the country's continued membership of the European Communities (EC), often known as the Common Market at the time.
The electorate expressed significant support for EEC membership, with 67% in favour on a 65% turnout.

What more legitimacy do you want
As I said "a referendum before we joined and also with important treaty changes such as Lisbon etc."

It would be akin to the government now taking us out of the EU without a vote and a few years later holding a referendum to say, should we have left the EU?
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  #46  
Old 21.06.2016, 05:49
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Re: How low will GBP go?

" How low will GBP go in the period between now and 1 month after the vote?"

If I knew the answer to that I would be on my private plane on my way to my private yacht.
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  #47  
Old 21.06.2016, 10:27
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Re: How low will GBP go?

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As I said "there was a referendum before we joined and also a good idea to have referendums with important treaty changes such as Lisbon etc."

It would be akin to the government now taking us out of the EU without a vote and a few years later holding a referendum to say, should we have left the EU?
Fixed that for you
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  #48  
Old 24.06.2016, 12:12
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Re: How low will GBP go?

low point 1.28 so far
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  #49  
Old 24.06.2016, 12:13
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Re: How low will GBP go?

Up again now though.
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  #50  
Old 24.06.2016, 12:41
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Re: How low will GBP go?

https://twitter.com/mattrooney/statu...02465/photo/12

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Matt Rooney, from the Nottingham Scouts, is on holiday in Greece at the moment and has sent us this notice that has gone up at the cash exchange in his hotel.

He said the cash machines and exchanges weren't giving out any money to British tourists.
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  #51  
Old 24.06.2016, 12:45
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Re: How low will GBP go?

BREAKING: Swiss central bank says it has intervened in currency markets to limit franc's rise after UK vote.

https://twitter.com/AP/status/746275495336083457
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  #52  
Old 24.06.2016, 12:58
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Re: How low will GBP go?

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BREAKING: Swiss central bank says it has intervened in currency markets to limit franc's rise after UK vote.

https://twitter.com/AP/status/746275495336083457


I am pretty sure it wasn't the only central bank... the intervention was pretty obvious.


I always enjoy watching how people who are otherwise for free markets start to defend these cases...
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  #53  
Old 27.06.2016, 12:57
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The British Pound: What's your forecast?

How far will it fall? When will it level off?
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  #54  
Old 27.06.2016, 13:16
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Re: The British Pound: What's your forecast?

Just for fun, have a look at the historical GBP/CHF exchange rate since 1953:
http://fxtop.com/en/historical-excha...=2016&btnOK=Go!

You'll notice that historically, the 10% doesn't really matter
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  #55  
Old 27.06.2016, 15:11
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Re: How low will GBP go?

Just keep in mind that under Bretton Woods (BW), exchange rates were fixed and prearranged by the central banks. Considering the steep fall post-BW it's probably fair to dismiss the first five or so post-BW years as well.
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  #56  
Old 27.06.2016, 16:11
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Re: How low will GBP go?

Down we go....1.29CHF per GBP right now. Anyone having issues converting CHF - GBP? Transferwise has a maximum of 2500CHF at the moment...
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  #57  
Old 27.06.2016, 16:23
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Re: How low will GBP go?

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"There should have been a referendum before we joined " The United Kingdom EC referendum of 1975, also known as the Common Market referendum and EEC membership referendum was a referendum held on 5 June 1975 in the United Kingdom to gauge support for the country's continued membership of the European Communities (EC), often known as the Common Market at the time.
The electorate expressed significant support for EEC membership, with 67% in favour on a 65% turnout.

What more legitimacy do you want
The UK joined in 1973, so the vote was not about joining but leaving.
What we have today in not what people voted for in 1975
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  #58  
Old 27.06.2016, 16:42
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Re: How low will GBP go?

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Down we go....1.29CHF per GBP right now. Anyone having issues converting CHF - GBP? Transferwise has a maximum of 2500CHF at the moment...


Seems ok for me I just tested it to see if I could send 10`000chf and got as far as the confirmation button! Would of given me an extra £700 compared to the same transfer in April!!!!!


But I would rather have the stability back and an IN vote :0(
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  #59  
Old 27.06.2016, 17:13
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Re: How low will GBP go?

Maybe it was just a short blip then...illiquidity or high volatility.


True, and the GBP could go a lot lower. Couldn't resist at these prices though.
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  #60  
Old 27.06.2016, 19:10
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Re: How low will GBP go?

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Despite the polls, I can't see Brexit happening. I'd make a transfer into GBP at either the end of this week or beginning of next week.
Saved myself about 2k by not following this tip
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