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London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election

 
Anonymous Coward
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09/03/2019 09:50 AM
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London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
The pound plummeted to near three-year lows on Tuesday ahead of a crucial day for Brexit in Parliament.

Sterling GBPUSD, -0.2652% fell below $1.20 to its lowest level since October 2016 as British Prime Minister Boris Johnson threatened to call a general election if MPs block a no-deal Brexit this evening.

The currency bounced back above $1.20 but was still trading down for the day.

The pound’s continued descent meant the internationally focused FTSE 100 UKX, -0.28% avoided the heavier losses felt by other European indexes, sliding just 0.3%.

What’s moving the markets?

Johnson has threatened a snap election if a group of rebel MPs succeed in blocking a no-deal Brexit through a bill being put forward on Tuesday.


Article Link: [link to www.marketwatch.com (secure)]


Snap Election Threat Link: [link to www.marketwatch.com (secure)]


:ukflag:
Anonymous Coward (OP)
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09/03/2019 09:56 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Him and Trump both face similar headwinds:


The delay bill, due to be voted on by Parliament on Tuesday, would push any exit past the current deadline of Oct. 31. U.K. media report that more than 15 members of Johnson’s own Conservative Party are likely to vote for the legislation.
MrCoolone

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09/03/2019 09:57 AM

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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Unsettled times for the London Market due to the uncertainty of Brexit. Funny though, how the markets eventually always come back.
Anonymous Coward (OP)
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09/03/2019 09:58 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Unsettled times for the London Market due to the uncertainty of Brexit. Funny though, how the markets eventually always come back.
 Quoting: MrCoolone


They just need to rip the bandaid off and be done with it..
Anonymous Coward
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09/03/2019 10:00 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Brexit won't happen.
TPTB won't let it happen.

They will destroy their economy first.
Anonymous Coward
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09/03/2019 10:01 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Unsettled times for the London Market due to the uncertainty of Brexit. Funny though, how the markets eventually always come back.
 Quoting: MrCoolone


Uncertainity is never good for any stockmarket.
Anonymous Coward
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09/03/2019 10:02 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Unsettled times for the London Market due to the uncertainty of Brexit. Funny though, how the markets eventually always come back.
 Quoting: MrCoolone


Uncertainity is never good for any stockmarket.
 Quoting: Anonymous Coward 77604116


Uncertainity = less spending = less profit,....
MrCoolone

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09/03/2019 10:07 AM

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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Unsettled times for the London Market due to the uncertainty of Brexit. Funny though, how the markets eventually always come back.
 Quoting: MrCoolone


They just need to rip the bandaid off and be done with it..
 Quoting: WyatteSmith

Britain has good leadership now with Prime Minister Boris Johnson.
Take one step back, then two steps forward, then move on.
Anonymous Coward
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09/03/2019 10:08 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
£1 = $1.20

Its been like that for months
MrCoolone

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09/03/2019 10:20 AM

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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
fivestars
Anonymous Coward
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09/03/2019 10:23 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Brexit won't happen.
TPTB won't let it happen.

They will destroy their economy first.
 Quoting: Anonymous Coward 72530568


Then so be it. Their sovereignty is waaaaay more important.
Anonymous Coward
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09/03/2019 10:28 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Brexit won't happen.
TPTB won't let it happen.

They will destroy their economy first.
 Quoting: Anonymous Coward 72530568


Yes it will happen because the UK will become a tax heaven and so the wealthy will invest ALOT into the UK when it is completed.
MrCoolone

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09/03/2019 10:40 AM

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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Prime Minister Boris Johnson is going to make it happen, leave on Oct. 31, regardless of the consequences.
Anonymous Coward
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09/03/2019 10:43 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
it really sucks when you have the worlds strongest currency. All the migrants come here to steal our work and wages, and then send it back home where they can retire and be rich with it(because the £ can buy much more of their currency back home).

Also on the globalized online marketplace all other countries but especially shitholes like india, china, pakistan etc steal our jobs and work, by offering to produce the same work for say £10 rather than £1000, this is all because the living costs in mumbai or islamabad or wherever is exponentially lower than in London or the UK. So yea let the pound plummet!
Anonymous Coward
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09/03/2019 10:46 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
General election coming.
TIO JUAN

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09/03/2019 10:49 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
I TOLD YOU .....60 DAYS IS A LONG WAY SPECIALLY WHEN QUEEN DOES NOT WANT ANY BREXIT !!

BORIS MAY NOT HANDLE IT WELL..
UNCLE JOHN
Anonymous Coward
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09/03/2019 10:56 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Brexit won't happen.
TPTB won't let it happen.

They will destroy their economy first.
 Quoting: Anonymous Coward 72530568


Brexit will happen because of the UK PTB
Anonymous Coward
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09/03/2019 11:00 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Rumours GE will be announced for Oct 14th, will prob get stick for this but Labour will be next government. Basically from what I have seen remainers to be fair to them have put a lot more effort into fighting for their cause.
I have hardly seen any leavers out there, apart from the big demo in March.
I myself went on a pro brexit march in my local town early this year, got lots of support whilst out but the size of the march was not enough say around 100.
I think leavers have just thought we have voted and that will do.
Maybe once Labour Marxist are in it may wake the rest up, because at the moment things can't really be that bad in the UK.
This is my opinion of course, hopefully I am wrong.
Anonymous Coward
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09/03/2019 11:00 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Boris has lost the commons majority

Live stream here

Alfie

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09/03/2019 11:01 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Wish they would sooner just stop these games come out and say we are cancelling.
Alfie
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09/03/2019 11:01 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
The scimitar-nosed Boris Johnson is pulling a fast one.

[link to www.thenation.com (secure)]


After Brexit, he's going to open the doors to the 3rd world, under the pretext of labor shortage, skilled workers and talent acquisition.


Appointment of a Muslim Chancellor and a Hindoo Home Scertary shows his true intentions.

What would everyone say, if the straight-nosed Trump had appointed a Muslim VP and Hindoo Secretary of State, and started talking about reducing immigration?



I'm the first London Mayor Prime Minister of 'Muslim extraction', Boris Johnson boasts as he pleads for Arab investment in the capital


[link to www.dailymail.co.uk (secure)]


Crypto Muslim-Turk Boris, a nice Middle-Eastern carpet salesman.

.
Anonymer Feigling

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09/03/2019 11:03 AM

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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Like I said in another thread a couole of days ago.
This is a coup de etat from within, from an unelected politician.
The ONLY party which will win at the end is "The City".
Emotion beats reason
Don't let it be that way
Anonymous Coward
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09/03/2019 11:05 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Like I said in another thread a couole of days ago.
This is a coup de etat from within, from an unelected politician.
The ONLY party which will win at the end is "The City".
 Quoting: Anonymer Feigling


Exactly - The city of London want to be a tax haven and they will win out - A Deal would be the icing on the cake as they still get their deal, and if the rest of the country works as normal then few questions will be asked.

clappa
Anonymous Coward
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09/03/2019 11:07 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
it really sucks when you have the worlds strongest currency. All the migrants come here to steal our work and wages, and then send it back home where they can retire and be rich with it(because the £ can buy much more of their currency back home).

Also on the globalized online marketplace all other countries but especially shitholes like india, china, pakistan etc steal our jobs and work, by offering to produce the same work for say £10 rather than £1000, this is all because the living costs in mumbai or islamabad or wherever is exponentially lower than in London or the UK. So yea let the pound plummet!
 Quoting: Anonymous Coward 77974323



Whats says you, when this crypto-Muslim Turk, Boris Johnson has appointed a Muslim Chancellor and a dothead Hindoo as Home Secretary?


Trump has appointed only good solid White Christian men to the top jobs like VP, Secretary of State, Chief of Staff, Defense Chiefs and the two SCOTUS judges.


Either Brexit is not going to happen, or even if it does you will be filled up with more Muslims/Arabs, Pakis, Hindoos and other 3rd worlders.

.
Hawkshot

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09/03/2019 11:26 AM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Rumours GE will be announced for Oct 14th, will prob get stick for this but Labour will be next government. Basically from what I have seen remainers to be fair to them have put a lot more effort into fighting for their cause.
I have hardly seen any leavers out there, apart from the big demo in March.
I myself went on a pro brexit march in my local town early this year, got lots of support whilst out but the size of the march was not enough say around 100.
I think leavers have just thought we have voted and that will do.
Maybe once Labour Marxist are in it may wake the rest up, because at the moment things can't really be that bad in the UK.
This is my opinion of course, hopefully I am wrong.
 Quoting: Anonymous Coward 77965145


Labour has lost the vote from it's once northern heartlands....I have alot of dealings with folk up north and they hate the sight of that grubby Corbyn....London is his power base and Muslims...No way in a million years will he ever lead this country.
InTheGLPHood

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09/03/2019 12:13 PM

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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Like I said in another thread a couole of days ago.
This is a coup de etat from within, from an unelected politician.
The ONLY party which will win at the end is "The City".
 Quoting: Anonymer Feigling


hesright
Anonymous Coward
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09/03/2019 12:51 PM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
just to let you know the pound was mch stronger way before britian even joined the eu
Anonymous Coward
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09/03/2019 02:15 PM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Britain's Brexit-mired Johnson Likely to Lose Control of House of Commons

[link to www.voanews.com (secure)]
Anonymous Coward
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09/03/2019 02:16 PM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
Brexit won't happen.
TPTB won't let it happen.

They will destroy their economy first.
 Quoting: Anonymous Coward 72530568


Wrong it will happen come what may.

The order for the referendum to take place came from the very top i.e the queen.

The elite want to protect their wealth so their will be a no deal brexit and maybe a trade agreement of sorts thrown in by the eu towards the end.
Anonymous Coward
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09/03/2019 02:16 PM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
just to let you know the pound was mch stronger way before britian even joined the eu
 Quoting: Anonymous Coward 77703185


bump

Up until 1717, when gold was adopted in its stead, silver was the commodity against which the pound was valued, and much like the empire in which it served, sterling reigned supreme. Only after two world wars and the economic slump of the 1930s, did it enter into decline, eventually being surpassed by the U.S. dollar as the international reserve currency of choice. In 1976, sterling fell below the value of two American dollars for the first time, and while it has seen its ups and downs since then, this is the approximate rate that most of us have come to know. Indeed, in spite of its fall from the top and long years of turmoil, the pound today remains among the strongest currencies in the world, sitting in fifth place on our list.
Anonymous Coward
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09/03/2019 02:18 PM
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Re: London Markets:::::::::::Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election
btw never knew until now

At number 1 on our list, the Kuwaiti dinar reigns as the strongest currency in the world. The dinar was first introduced in 1961, the same year Kuwait gained independence from Britain. During the Iraqi invasion in 1990, Kuwait’s currency was replaced by the Iraqi dinar, and large quantities of coins and banknotes were stolen by the invaders. After liberation in 1991, the Kuwaiti dinar was restored and a new series of bank notes was issued, thereby demonetizing the old series of notes, along with what had been stolen. In March 1975, the dinar was pegged to a weighted currency basket (the currencies contained in said basket remain undisclosed). This was the case until January 2003, when the dinar became pegged to the U.S. dollar. However, from June 2007 the dinar was re-pegged to a currency basket and remains so to this day.

1 Kuwaiti dinar =
2.69304419 British pounds

[link to blog.continentalcurrency.ca (secure)]





GLP