UK pound falls to fresh 2.5-year low against Singdollar as 'Brexit' fears persist

[BlueKelah]

@specuvestor : Looks like Theresa somehow managed to get the Brexit approved by parliament (haha despite all the hoohah that parliament needs to agree, seems like she still gets her way and right ON SCHEDULE TOO!!) and as you said ppl are underestimating impact. 

Lets see how market responds this month to BREXIT, FREXIT, Oil price drop, FED rate rise. #excited again.

London property might take a big hit now that all hope of cancelled or soft brexit is more or less gone. 

Plus pound will be hammered again, maybe SGD1.5 per pound soon ?   

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U.K. Parliament Gives Theresa May Permission to Start Brexit

U.K. Prime Minister Theresa May is preparing to trigger Brexit in the last week of March after securing the permission of lawmakers to begin two years of talks with the European Union.

Parliament on Monday passed legislation allowing the government to invoke Article 50 of the Lisbon Treaty, with the House of Commons overturning amendments from the unelected House of Lords that sought to restrict May’s room for maneuver. She plans to announce the formal start of Brexit in the final week of March, according to two officials familiar with her plans.

The victory for May in Parliament, where she has a slim majority, allows her to negotiate Brexit with a free hand and consolidates her hold on power in the ruling Conservative Party. She now faces the simultaneous challenge of pulling Britain out of the EU on good terms while navigating a second constitutional upheaval: Scotland’s renewed bid for independence.


===================================================================

And looks like Scotland is not happy but can't do much except threaten to referendum and leave UK.

Brexit Prompts Scottish Independence Push Amid U.K. ‘Intransigence’

[YMPL]

Amsterdam is becoming an obvious choice for a new home after Brexit for banks

Japanese banks seek new home after Brexit
By:
Bloomberg
15/03/17, 07:52 am
TOKYO (March 15): As Frankfurt, Paris and Dublin vie for financial jobs that may move from London after Brexit, two of Japan’s biggest banks have been quietly building their presence elsewhere: Amsterdam.
http://www.theedgemarkets.com.sg/article...ter-brexit

[BlueKelah]

And Brexit confirmed for next week
Article 50: Theresa May to trigger Brexit process next week

#fun times

PS. Mods any chance change this thread title to UK Economic News or is there an existing one already? Couldn't find...

[weijian]

PS. Mods any chance change this thread title to UK Economic News or is there an existing one already? Couldn't find...

hi BlueKelah,
I looked at this thread and it is still mainly about Brexit.

I took at look at the section under "Economic News" and there are 2 relevant threads that you can continue on:

UK Economic News: https://www.valuebuddies.com/thread-6589.html
Euroland Economic News: https://www.valuebuddies.com/thread-5475-page-14.html

[BlueKelah]

PS. Mods any chance change this thread title to UK Economic News or is there an existing one already? Couldn't find...

hi BlueKelah,
I looked at this thread and it is still mainly about Brexit.

I took at look at the section under "Economic News" and there are 2 relevant threads that you can continue on:

UK Economic News: https://www.valuebuddies.com/thread-6589.html
Euroland Economic News: https://www.valuebuddies.com/thread-5475-page-14.html

thanks, have edited post and put the inflation link on the other thread.

[specuvestor]

Hi BlueKelah

Yes pretty sad that this generation chose to erase the past generation's 40 years of EU effort post war, just as Obama / Trump is erasing the Superpower leadership of post war (though one with much more thought than the other)

We are actually seeing history being made with both these actions having long tail effects on geopolitics which Russia will probably look to exploit and China to expand her self-interest

@specuvestor : Looks like Theresa somehow managed to get the Brexit approved by parliament (haha despite all the hoohah that parliament needs to agree, seems like she still gets her way and right ON SCHEDULE TOO!!) and as you said ppl are underestimating impact. 

Lets see how market responds this month to BREXIT, FREXIT, Oil price drop, FED rate rise. #excited again.

London property might take a big hit now that all hope of cancelled or soft brexit is more or less gone. 

Plus pound will be hammered again, maybe SGD1.5 per pound soon ?   

================================================================

U.K. Parliament Gives Theresa May Permission to Start Brexit

U.K. Prime Minister Theresa May is preparing to trigger Brexit in the last week of March after securing the permission of lawmakers to begin two years of talks with the European Union.

Parliament on Monday passed legislation allowing the government to invoke Article 50 of the Lisbon Treaty, with the House of Commons overturning amendments from the unelected House of Lords that sought to restrict May’s room for maneuver. She plans to announce the formal start of Brexit in the final week of March, according to two officials familiar with her plans.

The victory for May in Parliament, where she has a slim majority, allows her to negotiate Brexit with a free hand and consolidates her hold on power in the ruling Conservative Party. She now faces the simultaneous challenge of pulling Britain out of the EU on good terms while navigating a second constitutional upheaval: Scotland’s renewed bid for independence.


===================================================================

And looks like Scotland is not happy but can't do much except threaten to referendum and leave UK.

Brexit Prompts Scottish Independence Push Amid U.K. ‘Intransigence’

[BlueKelah]

@specuvestor : I think for many UK people immigration is the big issue. Its something we will probably not get a good feel of as all our illegal immigrants are given some caning and deported back where they came from. Not to mention no such thing as humanitarian refugee. Even FT coming in is already a sensitive issue here.

Indeed very exciting times. Trump is trying to expand American army and continue superpower dominance though, not sure if he will succeed.

Russian economy will back to crap again if oil price drop further, they need oil$$ for their military expansion.

China is having big trouble cleaning house now, fake GDP, housing bubble, financial system clampdowns, frauds, corruption, pollution, aging population, not sure how much economic power they will end up having if their shift to consumerism fails and end up Japan 2.0 as I always prattle on about. Very uncomfortable with their nuclear subs plying our oceans as well.

Just waiting for frexit and Eu to fall apart. That would really make thing historical!! Something to tell our kids about..


Sent from my MotoG3 using Tapatalk

[YMPL]

After a confirmation of hard Brexit, market players are starting to act accordingly. It is a critical two years for the UK.

---
Goldman, Morgan Stanley signal London job moves ahead of Brexit
http://www.theedgemarkets.com.sg/article...ead-brexit

[BlueKelah]

Yup uk is going to face some inflation pressures and if their property bubble falls apart, their central bank wont be able to do much with rates already so low. Add on hard Brexit and possibly scottish leaving UK and taking their oil money with them, there's not much left of GREAT britain.

Last week was Trump vs. Merkel
Next week May vs. Merkel
Next month Le Pen vs. Merkel

seems like EU not very popular nowadays.

[specuvestor]

@specuvestor : I think for many UK people immigration is the big issue. Its something we will probably not get a good feel of as all our illegal immigrants are given some caning and deported back where they came from.  Not to mention no such thing as humanitarian refugee. Even FT coming in is already a sensitive issue here.

Indeed very exciting times. Trump is trying to expand American army and continue superpower dominance though, not sure if he will succeed.

Russian economy will back to crap again if oil price drop further, they need oil$$ for their military expansion.

China is having big trouble cleaning house now, fake GDP, housing bubble, financial system clampdowns, frauds, corruption, pollution, aging population, not sure how much economic power they will end up having if their shift to consumerism fails and end up Japan 2.0 as I always prattle on about. Very uncomfortable with their nuclear subs plying our oceans as well.

Just waiting for frexit and Eu to fall apart. That would really make thing historical!! Something to tell our kids about..


Sent from my MotoG3 using Tapatalk

Populism and immigration is the common theme. Singapore was not spared but we managed it better

Superpower is not just by military might alone. It is about leadership and getting collaboration in the "New World Order". Trump is not exhibiting political leadership.

Don't underestimate a country that can defy UN, invade crimea defend syria in the midst of oil and currency crisis. In short I continue to believe that only Merkel, not even Obama, is of the same political shrewdness as Putin

You know my view on China