17 Jan 2017

UK Pound UP - NOT amateur radio

Since the Prime Minister clarified our position on leaving the EU following the BREXIT vote, I see that the UK pound is up against every currency. I guess people had already factored in that we are leaving the EU and are happy to have some certainty.

Although I have said this before, it would not surprise me at all if the Euro lost a lot of value this year. The EU is in grave danger of falling apart. We may be the first to vote to leave, but we will not be the last.

OK, I voted to "remain" in the EU, but think many nations want free trade but not a United States of Europe. Originally the EU was about maintaining peace in Europe but it has grown a lot in recent years and has rather lost its way.

Free trade? Yes.
Uncontrolled immigration? No.
U.S.E.? No.

Unless the EU changes, it is in grave danger.

See http://www.bbc.co.uk/news/business/market_data/currency/default.stm .

1 comment:

Hugh said...

The EU was never about keeping peace in Europe.. NATO did that, especially with bases in Germany, although it is often quoted as a reason for the EU. EU was about steel and coal, and a federalization of Europe with a power-grab. This federalization process has been a hidden driver which Brexit has thrown a spanner in, hence the deep unpopularity with the European political elites.