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gammase1 replied Jun 11, 2016We are not members of Shengen, so would not be obliged, under EU law, to accept any migrants coming into the EU from Turkey. Academic studies have shown that inward EU migration has been a net benefit for UK economy - meaning the migrants pay more ...
Cable Update (GBPUSD)
- gammase1 replied Jun 11, 2016
How can you say the EU does not have a good record in trading with the rest of the world? Germany does okay with the rest of the world, don't you think? We're not insignificant but the impact of tariffs will have a more detrimental effect on the UK ...
Cable Update (GBPUSD)
- gammase1 replied Jun 11, 2016
This isn't true. Yes, the UK buys more from the EU than it sells. But the UK relies on the EU for 45% of its exports, whereas the UK is the destination for under 15% of EU exports. Clearly, the EU would have the upper hand in any trade negotiations ...
Cable Update (GBPUSD)
- gammase1 replied Jun 11, 2016
I don't see immigration as a "problem" per se. My point was related to the tactics of the Leave campaign changing, in light of losing the economic argument for withdrawing. Their focus has shifted to bringing immigration to the fore and the effects ...
Cable Update (GBPUSD)
- gammase1 replied Jun 10, 2016
Agreed on highlighted area. The Brexit campaign has totally lost the economic argument and now relies on pushing immigration fears as being the driver of their case for leaving.
Cable Update (GBPUSD)
- gammase1 replied Jun 10, 2016
How do you arrive at a 50 billion hit? The UK holds roughly 100bn in foreign exchange reserves, so a 50bn hit would imply the UK using all its reserves in foreign exchange markets and sterling taking a 50% depreciation. The BOE should not fight any ...
Cable Update (GBPUSD)
- gammase1 replied May 27, 2016
Hahahahaha... Fantastic quote which holds a large element of truth.
The Really Useless Thread
- gammase1 replied May 26, 2016
A weak print on the preliminary number for Business Investment, combined with in-line numbers for the rest of the release, was enough to take some of the wind out of this pair's sails. Remains bullish above the below line.
Cable Update (GBPUSD)
- gammase1 replied May 26, 2016
London session all the way for cable, as it's when the bulk of the moves occur, when the pair is the most liquid and when macro data is released. Nothing to be gained from trading the pair during the Asian session, save for the odd exceptional time.
Cable Update (GBPUSD)
- gammase1 replied May 24, 2016
The meat of this move is a reaction to the poll results published this morning by the Telegraph. These showed a decisive 13 point leave for the remain camp, along with - crucially for the remain camp, as these are the demographic group most likely ...
Cable Update (GBPUSD)
- gammase1 replied May 19, 2016
Very funny. Also, it's good to see the internet used for its intended purpose: the promulgation of wild and unfounded conspiracy theories. Yours is quite tame compared to some of the stuff I've seen on Forex Factory. You could improve by ...The Really Useless Thread
- gammase1 replied May 18, 2016
Fed Funds futures and 2-year treasury yields are a great indication of what the market is pricing, and how it is broadly positioned, in relation to rate hikes - the former offers clearer information than the latter. Both of these have shown an ...
The Really Useless Thread
- gammase1 commented May 17, 2016
Now you're contradicting yourself. Your arguments are very confused. In an earlier post you say: "The customer always picks up the import tax. If someone wants a particular car they will pay the price for it" Now, in your most recent post you state ...
Bank of England's Carney denies overstepping mark with Brexit warning
- gammase1 commented May 17, 2016
You are wrong. Yes, the cost of any import duties (in my example 10% slapped on cars made in the UK and sold to the EU) will be borne by the consumer. Which leads to the inevitable conclusion that any cars made in the UK will be totally ...
Bank of England's Carney denies overstepping mark with Brexit warning
- gammase1 commented May 17, 2016
You're being conveniently selective and using the UK's gross contribution, instead of the net payment - a much lower sum. Also, you overlook the diminished ability of the UK to negotiate more and better trade deals with the rest of the world, ...
Bank of England's Carney denies overstepping mark with Brexit warning
- gammase1 commented May 17, 2016
I wholeheartedly agree with this point.
Bank of England's Carney denies overstepping mark with Brexit warning
- gammase1 commented May 17, 2016
Of course, there is income inequality in the UK, some of which I believe can be addressed by effective government (which I don't believe exists), but do you really believe this situation will be effectively addressed and improved by the Conservative ...
Bank of England's Carney denies overstepping mark with Brexit warning
- gammase1 commented May 16, 2016
Very true. It's thinking that is divorced from reality.
Bank of England's Carney denies overstepping mark with Brexit warning
- gammase1 commented May 16, 2016
Not when we export high value services to emerging economies, leading to wealth, growth and prosperity coming back into the UK, which causes our economies of scale (finance, legal, design etc) to further strengthen, leading to greater wealth and ...
Bank of England's Carney denies overstepping mark with Brexit warning
- gammase1 commented May 16, 2016
And that manufacturing of lower value goods can take place in, say, China and the supply of high value services to supplement those makers, such as IT, legal, finance and design can take place in another country, such as the UK. In a global economy, ...
Bank of England's Carney denies overstepping mark with Brexit warning