OT. The futures Bright, the Futures Brexit!!!

[MadAmster]

It's still got some way to go to recover to the amount it was before it fell off the cliff after the brext vote.

Oh how I wish we still had the exchange rate from when I moved here in 1984 of £1 = 4.2 Dutch Guilders, which is 1.90 Euro rather than the €1.19 it currently is. That would mean another 4 or 5 holidays a year. Come on UK sort yersens aht

[SithHappens]

Oh how I wish we still had the exchange rate from when I moved here in 1984 of £1 = 4.2 Dutch Guilders, which is 1.90 Euro rather than the €1.19 it currently is. That would mean another 4 or 5 holidays a year. Come on UK sort yersens aht

it was 1.30 the day before the vote and lost 10 cents immediately and then nearly hit parity for a short while as confidence remained low.

It has been doing better of late I know our holiday last year we only got around 1.09 and this time was 1.18 ish.

We were promised sunny uplands and only good things by the likes of farage and Bozo, still waiting to see those unicorns. Seems we are still living in the 'brexit hasn't been as bad as it might have been', rather than being able to detail any improvements it's made to our lives.

[MadAmster]

it was 1.30 the day before the vote and lost 10 cents immediately and then nearly hit parity for a short while as confidence remained low.

It has been doing better of late I know our holiday last year we only got around 1.09 and this time was 1.18 ish.

We were promised sunny uplands and only good things by the likes of farage and Bozo, still waiting to see those unicorns. Seems we are still living in the 'brexit hasn't been as bad as it might have been', rather than being able to detail any improvements it's made to our lives.

It would seem the only oven ready thing BoJo ever had was that pig at Eton...

[Trickytreesreds]

It's still got some way to go to recover to the amount it was before it fell off the cliff after the brext vote.

It has been £0,88 to the euro before,when actually in the EU. Do you remember that?

[Geoff Parkstone]

Over the last 10 years the euro sterling exchange rate has varied between 1.06 and 1.44. it's currently 1.20, broadly mid market.

TTR's (inverse) 0.88 is equivalent to around 1.14. there has never been a scenario where euro was worth more than £ (or $ but that has got close a few times)

[SithHappens]

It has been £0,88 to the euro before,when actually in the EU. Do you remember that?

it was 1.02 euro to the gbp in 2008

[SithHappens]

What is beyond dispute is it dropped significantly because of brexit and has never recovered

[Trickytreesreds]

What is beyond dispute is it dropped significantly because of brexit and has never recovered

and you can deduce from that, that the freedom from Brexit has never been exploited. The current regime is trying to go through the back door now. Factor in the lack of enthusiasm to push on our industrial freedoms. You can see where the political elites loyalties lie.

REMEMBER THIS QUOTE

In January 2023, Emily Maitlis asked Labour Party leader Keir Starmer:

You have to choose now between Davos or Westminster?

Starmer replied:

Davos

[Geoff Parkstone]

I disagree

In October 2019 the euro rate was pretty much exactly what is is today with a few minor fluctuations between the dates

[ramAnag]

and you can deduce from that, that the freedom from Brexit has never been exploited.

Hmmm…that’s perhaps what you - an arch Brexiteer in denial - might deduce. The more rational amongst us might ‘deduce’ that Brexit hasn’t been terribly beneficial for our country and was based on a pack of lies. ‘Proof’s in the pudding’ and all that…or was that an ‘oven ready deal’?

[Geoff Parkstone]

The big drop from 1.40s to 1.20s happened in 2015 which may have been the market anticipating calling referendum and it's result ,- but maybe not

[SithHappens]

The big drop from 1.40s to 1.20s happened in 2015 which may have been the market anticipating calling referendum and it's result ,- but maybe not

it dropped 10 cents the day after the referendum, it continued to struggle after that and while recovering slightly has never gone back up to pre referendum levels

[Andy_Faber]

I disagree

In October 2019 the euro rate was pretty much exactly what is is today with a few minor fluctuations between the dates

Likewise agreed, not sure where folk get their info from, and the rate was often much worse during our membership of EU

[swaledale]

Likewise agreed, not sure where folk get their info from, and the rate was often much worse during our membership of EU

As a statement true but to add some context, its lowest rate was during the financial crisis of 2008.

On average over the last decade, the pound's value against the Euro has been lower than the previous decade.

Following the Brexit referendum result, the Pound dropped sharply in value against the Euro.

The Pound fell 16% against the Euro in the 4 months following the Brexit referendum, including 6% on the actual day of the result.

The rate has yet to rebound to pre-Brexit levels.

For the last few years, the Pound to Euro rate has spent most of the time in a range between €1.10 – €1.20, although it has briefly traded outside this range on a few occasions.

[SithHappens]

The drop in the value of the pound vs euro when the result of brexit was announced was the single biggest drop ever, the value against the dollar also hit a 30 year low.

Must be just coincidence mind.