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AtW
19th June 2016, 00:15
City bets on pound to suffer bigger plunge than "Black Wednesday" after Brexit vote* (http://www.telegraph.co.uk/business/2016/06/18/city-bets-on-pound-to-suffer-bigger-plunge-than-black-wednesday/)

"Sterling is expected to drop to €1.05 to €1.20 on the day after a vote for Brexit, sliding towards parity with the common currency for the first time in its history."

:eek:

jamesbrown
19th June 2016, 01:03
The bounce on Bremain will also be doom, depending on your perspective. However, the upside is probably 5-10% max, whereas the downside is probably 10-30%. The downside will take a while to feed through into inflation though - perhaps a year - so, unless it persists, it's largely irrelevant (good, even).

The_Equalizer
19th June 2016, 04:00
City bets on pound to suffer bigger plunge than "Black Wednesday" after Brexit vote* (http://www.telegraph.co.uk/business/2016/06/18/city-bets-on-pound-to-suffer-bigger-plunge-than-black-wednesday/)

"Sterling is expected to drop to €1.05 to €1.20 on the day after a vote for Brexit, sliding towards parity with the common currency for the first time in its history."

:eek:

Although Sterling was nearly at parity during late 2008. It's not as if movement either way doesn't have pros and cons.

ctdctd
19th June 2016, 05:39
Although Sterling was nearly at parity during late 2008. It's not as if movement either way doesn't have pros and cons.

Indeed, it was down to 1.02 or thereabouts and the world didn't come to an end.

I have a one euro coin in my war chest so if it does happen - BOOMED, not DOOMED

BrilloPad
19th June 2016, 06:49
City bets on pound to suffer bigger plunge than "Black Wednesday" after Brexit vote* (http://www.telegraph.co.uk/business/2016/06/18/city-bets-on-pound-to-suffer-bigger-plunge-than-black-wednesday/)

"Sterling is expected to drop to €1.05 to €1.20 on the day after a vote for Brexit, sliding towards parity with the common currency for the first time in its history."

:eek:

I hope it will plunge alot further than that. Most countries are trying to make their currency weaker.

VectraMan
19th June 2016, 10:34
I hope it will plunge alot further than that. Most countries are trying to make their currency weaker.

Zimbabwe is booming.

shaunbhoy
19th June 2016, 12:51
EU referendum: Campaigns resume with new warning - BBC News (http://www.bbc.co.uk/news/uk-politics-eu-referendum-36569338)

Oh no.........Gidiot says "the hit to the economy might be worse than forecast". So yet another flawed forecast then? What a trumpet!!

And this coming amidst suggestions that the last few days of campaigning should be focusing on the positives.

:eyes

PurpleGorilla
19th June 2016, 13:00
EU referendum: Campaigns resume with new warning - BBC News (http://www.bbc.co.uk/news/uk-politics-eu-referendum-36569338)

Oh no.........Gidiot says "the hit to the economy might be worse than forecast". So yet another flawed forecast then? What a trumpet!!

And this coming amidst suggestions that the last few days of campaigning should be focusing on the positives.

:eyes

http://www.arranalexander.co.uk/ekmps/shops/macduffdave/images/chicken-licken-ladybird-book-favourite-tales-series-gloss-hardback-1993-73-p.jpg

http://ichef-1.bbci.co.uk/news/640/cpsprodpb/86F4/production/_86884543_86884542.jpg

original PM
19th June 2016, 14:53
So currently at 1.27 so could drop by as little as 7 or as much as 22.

Or something else.

Interesting and yet largely irrelevant.

SantaClaus
19th June 2016, 20:15
There is absolutely no way the powers that be will allow a Brexit.

Even if our manipulated media cannot persuade everyone to vote Bremain by Thursday, the vote will be rigged.

Mock all you want, but come back to this thread on Friday and we'lll compare notes :smokin

DimPrawn
19th June 2016, 20:19
There is absolutely no way the powers that be will allow a Brexit.

Even if our manipulated media cannot persuade everyone to vote Bremain by Thursday, the vote will be rigged.

Mock all you want, but come back to this thread on Friday and we'lll compare notes :smokin

^ This.

Even if the polls said it was now 99% Brexit odds, the actual result will be Bremain, by 1 or 2% margin.

I'm so sure it will be remain, if we actually Brexit, I will flounce from CUK forever, never to return....