19 Nov 2018

Pound v. Euro - NOT amateur radio

Whatever your views on BREXIT, we can expect difficult days ahead.

I am sure the EU wants to punish the UK for leaving the "club" and many in the UK hanker for days which cannot return when "Britannia ruled the waves" and we had an empire. This is an illusion.

Our future is very much linked to Europe as well as the rest of the world. It is reasonable to want the UK parliament to have the final say over our laws and who lives and works here. We cannot have total free movement of people within the EU. In the referendum over 2 years ago I voted "remain" but there was, and still is, a lot wrong with the EU. It is protectionist and inward looking.

In my view, the best outcome would be tariffless borders with the EU, but the UK controlling who lives and works here. Personally, I think the EU is miffed about the lack of funding from the UK and is dreading others following the UK's lead.

If an agreement can be stuck, I expect the UK pound to bounce back. If we leave the EU without agreement it is anyone's guess what will happen. In the end I am sure the UK will do fine outside the EU, but it might take several years for the dust to settle.

UPDATE 1146z: So far today, the UK pound has been climbing and is currently worth 1.126 euros.

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