Interesting video about Brexit

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MikeB4
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#1579649 24-Jun-2016 16:09

One thing this shows me, The UK is not a puppet state, it has shown that they can and will stand on their own and self determine.

Will Scotland and Northern Ireland remain in the UK?

Here is a crazy notion, lets give peace a chance.

Fred99

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#1579657 24-Jun-2016 16:12

Geektastic:

MikeB4: I think the Pound will rebound.

Of course it will. It's been a massively desirable currency for a very long time. These wobbles will soon dissipate.

Better hope so - because it isn't just the GBP being rattled. The USD has fallen 5% against the JPY, (that's coming to about a 14% drop for the GBP against the yen).

That's also very messy as Japan's central bank has negative interest rates, not much they can do to drop the yen.

Now why would Japan care about the UK referendum? Yet they clearly do, as the Nikkei index has collapsed by about 8% today. Japan probably cares, as this vote signals the possibility or probability that the EU will fail.

Much less than what's happened today sparked the GFC, and unfortunately the world is in a far worse position to deal with the aftermath if this isn't a "temporary blip".

DravidDavid

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#1579660 24-Jun-2016 16:20

Being a total n00b to the markets,

Does this mean if I buy a few British pounds now, I can eventually make a lot of money when it inevitably bounces back?

MikeB4

MikeB4
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#1579661 24-Jun-2016 16:20

The currency will rebound and some tidy profits made. Something that did come to mind what could this do to our bubble?

Here is a crazy notion, lets give peace a chance.

DravidDavid

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#1579663 24-Jun-2016 16:21

MikeB4: The currency will rebound and some tidy profits made. Something that did come to mind what could this do to our bubble?

So...Find a broker and empty credit card? Who do I talk to about doing this? haha

MikeB4

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#1579665 24-Jun-2016 16:24

DravidDavid:
MikeB4: The currency will rebound and some tidy profits made. Something that did come to mind what could this do to our bubble?

So...Find a broker and empty credit card? Who do I talk to about doing this? haha

I wouldn't but if you are considering a trip to the UK it would be a good time to get your travel money.

Here is a crazy notion, lets give peace a chance.

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Fred99

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#1579668 24-Jun-2016 16:28

DravidDavid:

MikeB4: The currency will rebound and some tidy profits made. Something that did come to mind what could this do to our bubble?

So...Find a broker and empty credit card? Who do I talk to about doing this? haha

So long as you understand that to do this, then you're gambling that your opinion that the GBP will rebound is a more valid opinion than that of the punters who have already invested billions against you.
They're mainly trained professionals (like John Key was) with access to mountains of data - and you're not. So be prepared to lose.

The pound is still dropping - down over 11% against the USD.

DravidDavid

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#1579674 24-Jun-2016 16:47

I wouldn't but if you are considering a trip to the UK it would be a good time to get your travel money.[/quote

My girlfriend will be traveling over there in November. If my "gamble" does not pan out in the next few months, then she can use it as cheap money. I can afford to buy low to sell back in a year or so, just to play. We're not talking big bucks, maybe $2000 or so. Perhaps that's not enough money to start with anyway.

Geektastic

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#1579677 24-Jun-2016 16:54

DaveB:

Big, big, BIG smile on my face at the moment.

I wont say I called it on page 1 just yet ........... but BIG grin and more than likely $200 better off!

Never in all my born days have I been more happy to be wrong!!

Geektastic

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#1579679 24-Jun-2016 16:56

Fred99:

Geektastic:

MikeB4: I think the Pound will rebound.

Of course it will. It's been a massively desirable currency for a very long time. These wobbles will soon dissipate.

Better hope so - because it isn't just the GBP being rattled. The USD has fallen 5% against the JPY, (that's coming to about a 14% drop for the GBP against the yen).

That's also very messy as Japan's central bank has negative interest rates, not much they can do to drop the yen.

Now why would Japan care about the UK referendum? Yet they clearly do, as the Nikkei index has collapsed by about 8% today. Japan probably cares, as this vote signals the possibility or probability that the EU will fail.

Much less than what's happened today sparked the GFC, and unfortunately the world is in a far worse position to deal with the aftermath if this isn't a "temporary blip".

There are things like Japanese car factories (Honda and Nissan for sure - maybe others since I left) in the UK so I guess they's have an interest, as well as financial investments in the FTSE etc.