Now that the Brexit engineers have jumped ship, can we be sure the lifeboat we are all currently in is sea-worthy, rudderless as it is, and drifting towards rocks, as our pound sinks further today? I trusted both Boris and Farage, and look what happened there - a jumped up little poisonous blowfish did for them both! so we are left with a half senile crow, are we? It's times like this, I suggest, when divine intervention is needed!
I am with you. Liam Fox is a reasonable man, and intelligent, which helps. Gove is intelligent but lacks common sense and is a hopeless reader of market forces, ditto May, but less clever than some would have us believe. Grayling, Leadsom, don't know. My father knew Rees Mogg's father - good man; but all this uncertainty, has brought about our pound exiting in worrying quantity today to the US dollar, (1.30$) when I last looked! which is presently seen as the safest currency on the planet. Indian government has imposed restrictions on its citizens buying, selling and exporting gold and silver today - but the casino brigade are diving in there to leave prices more or less static (until they decide to cash in their chips), or until Britain can indicate to the world at large, where the hell she is headed, and who the hell is steering her! I don't think I've known anything like this in my lifetime! Today M&G (part of Prudential) and Aviva, following Standard Life's recent disturbing announcement, are freezing investors' redemption funds. THIS IS VERY BAD NEWS indeed. Hence Carney's announcement yesterday of an injection of 150 billion into the City - where from, is not exactly made clear! At least we can adjust the pound to reflect the market, and to some extent that relieves our trading position, even if raw materials are dearer - but with the Euro, there is no such mechanism, which is why Banks in that zone are becoming increasingly worried, and unsurprisingly, and rather ironically, Deutsche Boerse agreed the merger with the London Stock Exchange yesterday - a clear indicator that they think in the longer term the pound will survive and the euro will not!
It would seem it's Mrs May - no contest! see below may latest offerings to Times Digital... Fox and Crabb have withdrawn. So it's May, Leadsom, Gove, and those two don't appear to be about to do each other any favours, and all this while Rome burns!
Mr D Akenhead 5 minutes ago
Brighten up, you lot! The Germans are not stupid. Why else would they be endorsing the merger (yesterday) between the Deutsche Boerse and the London Stock Exchange if not in the belief that the pound has a future and the euro has none? Just a simple observation from a former FX dealer for SC!
Andrew Moore 33 minutes ago
Gove needs to drop out now and support Leadsam as the only candidate with the BREXIT credentials, Charisma and Brains to lead us.
Mr D Akenhead 1 minute ago
@Andrew Moore whistle Dixie with that one - the only consideration there is Michael Gove! God help us, Mrs May would seem to have it on a plate - here we go again! Gordon Brown Mark II!
Ouch! Pound just dropped to 1.295$ US Now 1.287$ US on the overnight...