GBP Vs AUD exchange rate given the impending EU Referendum Leave or Remain

[newjez]

Talk about scaremongering.

 

None of that would happen.

 

All of that will happen. On top of that, to balance the economy you can kiss goodbye to the NHS , and probably your pensions. All to swap polish immigrants with Indian immigrants. Pray it doesn't happen. I'm very worried it will.

[Gbye grey sky]

Talk about scaremongering.

 

None of that would happen.

 

Was a worst case scenario I agree but some of those things will definitely happen. Shorters will make huge profits, Cameron will resign (and he should because he has run a poor campaign if he loses), a bandwagon to leave the EU may start unless Brexit becomes such a car crash for the UK it scares the rest (so the EU needs the UK to fail to preserve the EU), Scotland may demand a new referendum if Scots vote overwhelmingly to remain.

 

You and I are safely over here and can simply observe now fortunately though I retain some investments in the UK too but will leave them for the very long term and hope worst case scenario does not occur.

[newjez]

Was a worst case scenario I agree but some of those things will definitely happen. Shorters will make huge profits, Cameron will resign (and he should because he has run a poor campaign if he loses), a bandwagon to leave the EU may start unless Brexit becomes such a car crash for the UK it scares the rest (so the EU needs the UK to fail to preserve the EU), Scotland may demand a new referendum if Scots vote overwhelmingly to remain.

 

You and I are safely over here and can simply observe now fortunately though I retain some investments in the UK too but will leave them for the very long term and hope worst case scenario does not occur.

 

 

We should think of it not as a vote to leave the EU, but a vote to break up the UK and the EU .

[Ken]

We should think of it not as a vote to leave the EU, but a vote to break up the UK and the EU .

 

You're giving a certain section of the electorate even more reason to vote for it. Was that your intention?

[Gbye grey sky]

You're giving a certain section of the electorate even more reason to vote for it. Was that your intention?

 

That particular group would already be committed to Brexit tbf.

[newjez]

You're giving a certain section of the electorate even more reason to vote for it. Was that your intention?

 

 

I believe that is the SNP intention. Although I guess if the Scottish vote is overwhelmingly to leave the EU, it may be hard for the SNP to leave the UK with the argument that the Scots wanted to stay in Europe. But they could argue they were voting strategically.

Edited June 7, 2016 by newjez

[Makybe Diva]

I believe that is the SNP intention. Although I guess if the Scottish vote is overwhelmingly to leave the EU, it may be hard for the SNP to leave the UK with the argument that the Scots wanted to stay in Europe. But they could argue they were voting strategically.

 

I don't think the majority of SNP supporters are that clever ?

 

*takes cover*

[winter1]

Talk about scaremongering.

 

None of that would happen.

 

Really do you have a crystal ball? There is going to be a lot of uncertainty and a lot of unexpected consequences could occur. Of the £350 million the leave camp say will be brought back each week much of it is already received in subsidies for our farmers and areas such as Wales and other disadvantaged places.

If you really think the likelihood of old Etonians giving this back to where it is going now or giving it to the NHS, "We want to spend our money where we think fit" say them. Guess what it will go to tax cuts for the rich if there is any. The NHS will struggle. There could also be an exodus back to Britain of old people who have retired abroad in Spain France etc. Will these be a burden on the NHS?

Travel insurance for health cover will rocket without the EHIC card and people will have to get their passport stamped again at the border.

 

I know of one person who spends a lot of the year in France and works there he told me it won't make any difference however if the passports are being stamped on exit and entry as Australian friends we have without EU citizenship who spend 90 days a year in France do, then when he overstays the 90 days are you telling me they won't kick him out. Our Australian friends tell us they get rigorously checked. I could go on but what is Sovereignty that we lose we will only give it up to a bunch of old Etonians the real people won't get any say.

 

The pound will drop because of the uncertainty and I remember the early 1960s our industry was a basket case due to lack of investment. Investment came from Japan and overseas because we had access to the EU. It's not perfect but it's the best we have.

Edited June 8, 2016 by winter1

[Thom]

Of the £350 million the leave camp say will be brought back each week much of it is already received in subsidies for our farmers and areas such as Wales and other disadvantaged places. .

 

No.

 

The UK pays £6 billion into the CAP and gets £3 billion back in farming subsidies.

 

Try again.

[Keith and Linda]

Really do you have a crystal ball? There is going to be a lot of uncertainty and a lot of unexpected consequences could occur. Of the £350 million the leave camp say will be brought back each week much of it is already received in subsidies for our farmers and areas such as Wales and other disadvantaged places.

If you really think the likelihood of old Etonians giving this back to where it is going now or giving it to the NHS, "We want to spend our money where we think fit" say them. Guess what it will go to tax cuts for the rich if there is any. The NHS will struggle. There could also be an exodus back to Britain of old people who have retired abroad in Spain France etc. Will these be a burden on the NHS?

Travel insurance for health cover will rocket without the EHIC card and people will have to get their passport stamped again at the border.

 

I know of one person who spends a lot of the year in France and works there he told me it won't make any difference however if the passports are being stamped on exit and entry as Australian friends we have without EU citizenship who spend 90 days a year in France do, then when he overstays the 90 days are you telling me they won't kick him out. Our Australian friends tell us they get rigorously checked. I could go on but what is Sovereignty that we lose we will only give it up to a bunch of old Etonians the real people won't get any say.

 

The pound will drop because of the uncertainty and I remember the early 1960s our industry was a basket case due to lack of investment. Investment came from Japan and overseas because we had access to the EU. It's not perfect but it's the best we have.

 

So you think we should stay in just so you can keep the old Etonians and the rich out of things?:biglaugh:

[Keith and Linda]

Really do you have a crystal ball? There is going to be a lot of uncertainty and a lot of unexpected consequences could occur. Of the £350 million the leave camp say will be brought back each week much of it is already received in subsidies for our farmers and areas such as Wales and other disadvantaged places.

If you really think the likelihood of old Etonians giving this back to where it is going now or giving it to the NHS, "We want to spend our money where we think fit" say them. Guess what it will go to tax cuts for the rich if there is any. The NHS will struggle. There could also be an exodus back to Britain of old people who have retired abroad in Spain France etc. Will these be a burden on the NHS?

Travel insurance for health cover will rocket without the EHIC card and people will have to get their passport stamped again at the border.

 

I know of one person who spends a lot of the year in France and works there he told me it won't make any difference however if the passports are being stamped on exit and entry as Australian friends we have without EU citizenship who spend 90 days a year in France do, then when he overstays the 90 days are you telling me they won't kick him out. Our Australian friends tell us they get rigorously checked. I could go on but what is Sovereignty that we lose we will only give it up to a bunch of old Etonians the real people won't get any say.

 

The pound will drop because of the uncertainty and I remember the early 1960s our industry was a basket case due to lack of investment. Investment came from Japan and overseas because we had access to the EU. It's not perfect but it's the best we have.

 

And why not? they have paid their taxes and helped ease the burden whilst they were/are away, there are many others that burden the NHS that have contributed very little to zero which are a bigger burden.

[Thom]

So you think we should stay in just so you can keep the old Etonians and the rich out of things?:biglaugh:

 

This is a constant whine from some in the "Remain" campaign, "I vote labour, but we have a Tory govt, so I'm voting "IN" to get socialism by the back door."

 

No respect for democracy.

[aussiederek]

I think there is an awful lot of scaremongering going on at the moment. The idea that the pound will collapse if there were a Brexit result is preposterous in my view. The UK still has the fifth largest economy in the world and it will have on 24th June too.

 

People working in money markets will have considered the possible referendum outcomes a very long time ago, they won't wait until the morning of 24th June to think about it. Accordingly uncertainty and the possibility of a leave is already factored into the exchange rates. I would predict no more than a blip in sterling, whatever way the result goes.

 

Remember Y2K? Nothing happened after all the fuss and bluster!

[aussiederek]

Really do you have a crystal ball? There is going to be a lot of uncertainty and a lot of unexpected consequences could occur. Of the £350 million the leave camp say will be brought back each week much of it is already received in subsidies for our farmers and areas such as Wales and other disadvantaged places.

If you really think the likelihood of old Etonians giving this back to where it is going now or giving it to the NHS, "We want to spend our money where we think fit" say them. Guess what it will go to tax cuts for the rich if there is any. The NHS will struggle. There could also be an exodus back to Britain of old people who have retired abroad in Spain France etc. Will these be a burden on the NHS?

Travel insurance for health cover will rocket without the EHIC card and people will have to get their passport stamped again at the border.

 

I know of one person who spends a lot of the year in France and works there he told me it won't make any difference however if the passports are being stamped on exit and entry as Australian friends we have without EU citizenship who spend 90 days a year in France do, then when he overstays the 90 days are you telling me they won't kick him out. Our Australian friends tell us they get rigorously checked. I could go on but what is Sovereignty that we lose we will only give it up to a bunch of old Etonians the real people won't get any say.

 

The pound will drop because of the uncertainty and I remember the early 1960s our industry was a basket case due to lack of investment. Investment came from Japan and overseas because we had access to the EU. It's not perfect but it's the best we have.

 

They don't stamp passports nowadays as they are all electronically scanned ... easy.

As regards the predicted dire consequences of leaving the EU, all I can say is "Remember Y2K"? Nothing happened!!

[winter1]

This is a constant whine from some in the "Remain" campaign, "I vote labour, but we have a Tory govt, so I'm voting "IN" to get socialism by the back door."

 

No respect for democracy.

 

I didn't say I vote Labour I have always been floating voter. Now as for democracy the Conservative party received 36% of the vote from a turnout of 66.4% of the electorate that means that 63.9% of the electorate didn't vote for them and Labour and the Lib Dems together polled 52%. yes good old British democracy oh and UKIP got 12% and only got 1 seat.

[winter1]

 

And why not? they have paid their taxes and helped ease the burden whilst they were/are away, there are many others that burden the NHS that have contributed very little to zero which are a bigger burden.

 

I agree they have contributed. Although they may be forced back to the UK when Spain and France refuse them the current healthcare or they have to pay very expensive health insurance which will not cover some conditions. They also have to live somewhere some will buy their own places but others will want council or housing association accommodation but that's what they are entitled to.

Many of the migrants are working and relatively fit and don't cost much and put far more back into the system. There are also many from migrants from outside the EU who have nothing to do with European agreements. The government should deport them they already have the powers.

As they are elderly then their conditions could be complex. The NHS will have to treat them if they return

[winter1]

They don't stamp passports nowadays as they are all electronically scanned ... easy.

As regards the predicted dire consequences of leaving the EU, all I can say is "Remember Y2K"? Nothing happened!!

 

Australian passports are stamped on the first entry into a European country then you can travel within the EU without any further ones. I was questioned at Brussels Airport when I caught a flight back to Australia from there as my Australian passport wasn't stamped. I had given my Australian passport as I was travelling back to Australia however I was OK once I presented the UK one.

If they didn't why does the UK sell 32 page and charge extra for a 72 page passports for frequent travellers?

[winter1]

No.

 

The UK pays £6 billion into the CAP and gets £3 billion back in farming subsidies.

 

Try again.

 

Britain's annual contribution is £18.2 billion but much of it come back and to add to that Tory MP Sarah Wollaston has quit the leave campaign as she can no longer justify the lies that the leave campaign are saying that £350 million a week that "will be available to the NHS" it is just not there.

 

Also When Michael Gove spouted we could reduce VAT on fuel to zero outside the EU he forgot to mention that the Conservative government already has the power to reduce all other VAT from 20% to 15% but they haven't.

Edited June 9, 2016 by winter1

[Dippenhall]

Don't foget there is also Australian Federal Election on 2 July

[NicF]

They don't stamp passports nowadays as they are all electronically scanned ... easy.

As regards the predicted dire consequences of leaving the EU, all I can say is "Remember Y2K"? Nothing happened!!

 

Completely different scenario. Anyone who worked in programming would have told you at the time that Y2k was never going to be the issue that the media portrayed it to be (and yes at the time I was working on Y2k fixes to programs). I doubt very much that the UK will fall apart immediately if the leave vote wins but no one really knows exactly what the consequences will be on a short or long term basis.

[ElToro]

I think there is an awful lot of scaremongering going on at the moment. The idea that the pound will collapse if there were a Brexit result is preposterous in my view. The UK still has the fifth largest economy in the world and it will have on 24th June too.

 

People working in money markets will have considered the possible referendum outcomes a very long time ago, they won't wait until the morning of 24th June to think about it. Accordingly uncertainty and the possibility of a leave is already factored into the exchange rates. I would predict no more than a blip in sterling, whatever way the result goes.

 

 

Hindsight is a wonderful thing Bungo. :jiggy:

[Jarp]

Aussie elections....

 

 

Vote for indepedance?:tongue:

Edited June 28, 2016 by Jarp

[The Raillys]

The pound is at the lowest it has been in years thats a fact, not scaremongering. Its Fact. If it stays there or not is anyones guess. Even top finacial experts have no idea. People should stop pretending they know what will happen. Knowone knows. It may go to its higest point ever it may not. I think we can all stop using the word Scaremongering. The vote is done.

[Parley]

Has @Bungo gone into hiding ?

[Ken]

The pound is at the lowest it has been in years thats a fact, not scaremongering. Its Fact. If it stays there or not is anyones guess. Even top finacial experts have no idea. People should stop pretending they know what will happen. Knowone knows. It may go to its higest point ever it may not. I think we can all stop using the word Scaremongering. The vote is done.

 

The vote is done. The decision on whether or not the UK leaves the EU is however still to be taken.