DaveXF
Well-Known Member
- Messages
- 96
Single day drop...yes.
However, it could be argued that sterling was very much over valued .
Single day drop...yes.Sorry, just not true. The crash in the pound that followed the Brexit vote was the largest single-day drop that any of the four global currencies in which bulk of global hard cash reserves are held has seen since the collapse of Bretton Woods in the early 70s. To put it into perspective, it was twice as bad as Black Wednesday.
And of course there's the stuff that the "Open Insulin Project" has done...
It didn't.But the sky still did not fall down.
Please do let your MP know how you feel, whoever they are. If they are Brexiters, tell them how worried you are and the damage they are doing. If they are active remain supporters, thank them and encourage them. You can find out who your MP is here, https://www.parliament.uk/mps-lords-and-offices/mps/ There's not much time left, do it now!
Sally
How did we survive before the EU was imposed on us?
I sit on BS/EN tech committees, I've got meetings agree and planned for well into 2019.
The world will continue.
Does anyone on this site truly believe that their supply of insulin, metformin, bananas and French wine will be effected post Brexit?
Give over.
The big difference being, of course, that from the peak of 2007 to the trough of 2009, there was a systemic financial global crisis going on.But nowhere near as bad as the collapse of the pound at the end of (I think it was) 2007. If my memory serves me right, the pound slowly went from 1.5 to the Euro almost to parity not in a day but over several months. A big one day fall is rarely a big fall per se.
Type 1 here and not at all upset. I agree with all you say.You are quite right. I am T2 and don't take any meds at all, for anything. However, I do understand that many of you are worried, and I sympathise with you. I apologise if my posts have upset anyone.
Don't know if it's scaremongering but i honestly feel like i won''t make it next year. There's no plans and we're 4 months from March. I feel like i'm living in The Walking Dead world, i wish you all good luck.
We have nothing to worry about on the FX score.The big difference being, of course, that from the peak of 2007 to the trough of 2009, there was a systemic financial global crisis going on.
The one day drop incurred a hit that has also gotten bigger, and from whence we have yet to see a recovery. Most of the FX market expects further drops post a no-deal brexit. And of course this is a purely UK driven effect.
Depends on whether you consider a double whammy of increased prices as a result of FX parity and increased duty as a result of no-deal brexit "nothing to worry about"....!We have nothing to worry about on the FX score.
No!I’m scared, I’m only 19 and my life is at risk because of some vote. What do you think will happen post-Brexit? Will we run out of supplies?
Depends on whether you consider a double whammy of increased prices as a result of FX parity and increased duty as a result of no-deal brexit "nothing to worry about"....!
You are too young to remember the Millenium Bug that was supposed to happen as the year 2000 dawned and computers didn't know if it was 2000 or 1900 as they only worked on the last two digits. For months before analysts speculated that entire computer networks would crash, causing widespread dysfunction for a global population that had become irreversibly dependent on computers to hold, disseminate and analyze its most vital pieces of information. What actually happened was that nobody noticed. The media love an impending disaster to speculate about, just try not to get caught up in it.Don't know if it's scaremongering but i honestly feel like i won''t make it next year. There's no plans and we're 4 months from March. I feel like i'm living in The Walking Dead world, i wish you all good luck.
A vast amount of work went on behind the scenes to make sure that nobody noticed, to be fair. That doesn’t seem to be the case this time, the Minister in charge of all this didn’t even seem to be aware that the Dover-Calais link was important...You are too young to remember the Millenium Bug that was supposed to happen as the year 2000 dawned and computers didn't know if it was 2000 or 1900 as they only worked on the last two digits. For months before analysts speculated that entire computer networks would crash, causing widespread dysfunction for a global population that had become irreversibly dependent on computers to hold, disseminate and analyze its most vital pieces of information. What actually happened was that nobody noticed. The media love an impending disaster to speculate about, just try not to get caught up in it.
You are too young to remember the Millenium Bug that was supposed to happen as the year 2000 dawned and computers didn't know if it was 2000 or 1900 as they only worked on the last two digits. For months before analysts speculated that entire computer networks would crash, causing widespread dysfunction for a global population that had become irreversibly dependent on computers to hold, disseminate and analyze its most vital pieces of information. What actually happened was that nobody noticed. The media love an impending disaster to speculate about, just try not to get caught up in it.
I hope it does not drop, the Australian dollar has dropped a bit so my UK pension has picked up with the current rate of exchange.It ironic that the pound going down is cheered by Brexiteers because their over seas investments increase and they are better off.
I was also in a computer based industry at the time so I know about preperations, but my point for the OPs benefit was that the media played up the doom and gloom. Stories of people beavering away making preparations do not sell newspapers. Unless you are in the relevant departments in the civil service how would you know if preparations are being made or not?Actually, the reason it didn't happen was because me, and people like me spent well over a year preparing for it, rewriting code and making sure that it didn't happen. I don't see any preparations on that scale being made for Brexit.
I was also in a computer based industry at the time so I know about preperations, but my point for the OPs benefit was that the media played up the doom and gloom. Stories of people beavering away making preparations do not sell newspapers. Unless you are in the relevant departments in the civil service how would you know if preparations are being made or not?
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