BREXIT won't happen until 2019.
forex_trader_368734
Membre depuis Oct 13, 2016
posts 26
Jan 02, 2017 at 09:57
Hi,
I know you have not written in this forum for days, but, the Brexit issue has recently shaken my country. One in two tourists entering Spain comes from the United Kingdom, Germany or Italy. As you know, 11% of our GDP comes from tourism. The departure of the UK from the EU will have repercussions even on small and medium-sized enterprises in my country. In fact, the departure of the UK will have a negative impact on the Spanish economy, in addition to others, of course I am convinced of that. What I do not understand is how some people just say: get out! As if it were an issue that does not compromise the economy of many countries today.
It seems that they do not speak with their heads, but with their displeasure towards the European Union.
I know you have not written in this forum for days, but, the Brexit issue has recently shaken my country. One in two tourists entering Spain comes from the United Kingdom, Germany or Italy. As you know, 11% of our GDP comes from tourism. The departure of the UK from the EU will have repercussions even on small and medium-sized enterprises in my country. In fact, the departure of the UK will have a negative impact on the Spanish economy, in addition to others, of course I am convinced of that. What I do not understand is how some people just say: get out! As if it were an issue that does not compromise the economy of many countries today.
It seems that they do not speak with their heads, but with their displeasure towards the European Union.
forex_trader_368734
Membre depuis Oct 13, 2016
posts 26
Jan 02, 2017 at 09:57
tormess posted:jannel posted:
The Brexit point is: Britain can come up with or without EU. Can the EU maintain itself without Great Britain?
I also think EU can survive and do well even without UK in it. I suppose there won't be a 100% exit but definitely some hybrid deal.
It would be sensible for everyone!
forex_trader_368734
Membre depuis Oct 13, 2016
posts 26
Jan 02, 2017 at 09:57
Moreover, according to surveys, most Europeans are calling for a stay in the EU. Spain and Ireland, for example, have an opinion of 80% in favor of the UK remaining in the EU. And in the UK, even, it happens only with a little over 55% ... how can you explain this?
forex_trader_350643
Membre depuis Aug 09, 2016
posts 25
Jan 02, 2017 at 15:15
mattx posted:
Hi,
I know you have not written in this forum for days, but, the Brexit issue has recently shaken my country. One in two tourists entering Spain comes from the United Kingdom, Germany or Italy. As you know, 11% of our GDP comes from tourism. The departure of the UK from the EU will have repercussions even on small and medium-sized enterprises in my country. In fact, the departure of the UK will have a negative impact on the Spanish economy, in addition to others, of course I am convinced of that. What I do not understand is how some people just say: get out! As if it were an issue that does not compromise the economy of many countries today.
It seems that they do not speak with their heads, but with their displeasure towards the European Union.
Well Spain is just one of the many countries that will be affected in a way, UK should think about what is most convenient for them.
forex_trader_350643
Membre depuis Aug 09, 2016
posts 25
Jan 02, 2017 at 15:15
mattx posted:
Moreover, according to surveys, most Europeans are calling for a stay in the EU. Spain and Ireland, for example, have an opinion of 80% in favor of the UK remaining in the EU. And in the UK, even, it happens only with a little over 55% ... how can you explain this?
This looks more like the scream of a Spaniard against Brexit.
forex_trader_368734
Membre depuis Oct 13, 2016
posts 26
Jan 04, 2017 at 20:16
zack4 posted:mattx posted:
Hi,
I know you have not written in this forum for days, but, the Brexit issue has recently shaken my country. One in two tourists entering Spain comes from the United Kingdom, Germany or Italy. As you know, 11% of our GDP comes from tourism. The departure of the UK from the EU will have repercussions even on small and medium-sized enterprises in my country. In fact, the departure of the UK will have a negative impact on the Spanish economy, in addition to others, of course I am convinced of that. What I do not understand is how some people just say: get out! As if it were an issue that does not compromise the economy of many countries today.
It seems that they do not speak with their heads, but with their displeasure towards the European Union.
Well Spain is just one of the many countries that will be affected in a way, UK should think about what is most convenient for them.
UK must think with vision to the future and not with absurd individualism.
Membre depuis Jan 08, 2016
posts 281
Jan 08, 2017 at 08:48
mattx posted:
....most Europeans are calling for a stay in the EU. Spain and Ireland, for example, have an opinion of 80% in favor of the UK remaining in the EU. And in the UK, even, it happens only with a little over 55% ... how can you explain this?
A very successful brainwashing of the people by the State !
Everyone is watching TV and not reserching themselves....... what wonder !
Complexity is expensive, inefficient, and ineffective > Crocodile trading
Membre depuis Dec 11, 2015
posts 1487
Jan 13, 2017 at 10:02
TheCityUK, a membership body of the UK financial markets, issued a list of key priorities that UK-based financial market participants need to address in relation to the forthcoming Brexit negotiations. The list aims to put an emphasis on topics that need to be addressed so that both the UK and the rest of the EU countries achieve the best possible deal. After on on 23 June, 2016, the UK voted to exit the European Union (aka Brexit vote), financial institutions across the EU, and in the UK in particular, are facing significant challenges. A license issued by UK’s Financial Conduct Authority (FCA) currently provides admission to all countries in the European Economic Area (EEA), but soon FCA license holders will loose access to these markets. (https://smnweekly.com/2017/01/12/thecityuk-points-key-priorities-to-address-in-brexit-negotiations/)
The presented priorities aims to engage market participants with the UK government and to help deliver a smooth Brexit and maintain the UK’s position as an attractive place to do business.
The presented priorities aims to engage market participants with the UK government and to help deliver a smooth Brexit and maintain the UK’s position as an attractive place to do business.
Jan 17, 2017 at 08:04
Anyone want to take a jab and predict what Theresa May will say?
I am short GBP (USD, AUD & NZD pairs), I will still be short in my long term view for the future transition periods regardless of the outcome today. Concern will be focused on the amount of volatility as priority over direction in the short term. Hedging with EUR.
I am short GBP (USD, AUD & NZD pairs), I will still be short in my long term view for the future transition periods regardless of the outcome today. Concern will be focused on the amount of volatility as priority over direction in the short term. Hedging with EUR.
For every loss there should be at least an equal and opposite profit.
Membre depuis Dec 11, 2015
posts 1487
Jan 17, 2017 at 11:47
I don’t have anything, I’ve decided to just sit on my hands and do nothing until I see what she’ll say.
Jan 17, 2017 at 13:32
(édité Jan 17, 2017 at 13:34)
Did not go 100% as planned yet, but I'm still in the game... gratz to the bulls if you made a buck! 😁
My hedge is doing nothing, just parking there catching some zzz's on the beach... move darnit!
My hedge is doing nothing, just parking there catching some zzz's on the beach... move darnit!
For every loss there should be at least an equal and opposite profit.
Jan 17, 2017 at 13:54
@xgavinc basically you are right, but lets not forget that it’s the markets and the speculation. Nothing moves only one way. Have you seen the GBP economic data lately its all positive. I am waiting to see when this ends and GBP would definitely recover. As I was writing this May already hit it
Jan 17, 2017 at 14:42
BaldoN posted:
@xgavinc basically you are right, but lets not forget that it’s the markets and the speculation. Nothing moves only one way. Have you seen the GBP economic data lately its all positive. I am waiting to see when this ends and GBP would definitely recover. As I was writing this May already hit it
At least I have swaps on my side, so regardless, as long as my margins hold I can ride this all the way to the end... I'm now just a sitting duck waiting to see where the current will take me.
I agree, this is not article 50 yet, so pure speculation.
Good luck with your positions 😄
For every loss there should be at least an equal and opposite profit.
Jan 17, 2017 at 15:33
xgavinc posted:
I am short GBP (USD, AUD & NZD pairs), I will still be short in my long term view for the future transition periods regardless of the outcome today. Concern will be focused on the amount of volatility as priority over direction in the short term. Hedging with EUR.
The market looks quite volatile the last day and now in fact it's quite bullish. Are you still holding a short trade on the GBPUSD pair?
Jan 17, 2017 at 15:37
mattx posted:tormess posted:jannel posted:
The Brexit point is: Britain can come up with or without EU. Can the EU maintain itself without Great Britain?
I also think EU can survive and do well even without UK in it. I suppose there won't be a 100% exit but definitely some hybrid deal.
It would be sensible for everyone!
Well, here comes the renegotiation part in fact. Maybe part of a hybrid deal will be the travel policy to the EU states. We will see.
Jan 17, 2017 at 15:40
mattx posted:
Hi,
I know you have not written in this forum for days, but, the Brexit issue has recently shaken my country. One in two tourists entering Spain comes from the United Kingdom, Germany or Italy. As you know, 11% of our GDP comes from tourism. The departure of the UK from the EU will have repercussions even on small and medium-sized enterprises in my country. In fact, the departure of the UK will have a negative impact on the Spanish economy, in addition to others, of course I am convinced of that. What I do not understand is how some people just say: get out! As if it were an issue that does not compromise the economy of many countries today.
It seems that they do not speak with their heads, but with their displeasure towards the European Union.
I guess it's time for Spain to diversify the economy, right, to prevent such risks in advance, step by step? It's just my outside perspective, you know better the situation in your country. I hope all will be good at the end for everyone!
Jan 18, 2017 at 07:41
tormess posted:xgavinc posted:
I am short GBP (USD, AUD & NZD pairs), I will still be short in my long term view for the future transition periods regardless of the outcome today. Concern will be focused on the amount of volatility as priority over direction in the short term. Hedging with EUR.
The market looks quite volatile the last day and now in fact it's quite bullish. Are you still holding a short trade on the GBPUSD pair?
Yes, I'm still short on all GBP pairs.
For every loss there should be at least an equal and opposite profit.
