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Cable Update (GBPUSD)

  • #432,381
  • Jun 15, 2016 5:44am Jun 15, 2016 5:44am
Quoting Bones
thats the beauty of Uk ,vote out would be out,it dose not matter if PM promised or not {quote}
Quoting coldvinc
{quote} Only thing is the PM himself clearly stated that he WILL follow it. No matter what. He made that very clear to the world. So while it's theoretically possible, it won't happen. What the people vote for, will happen.
Quoting Bones
Cameron's weak ,he's history, he promised to bring an acceptable deal in 2013 to change the EU he's failed
The PM is not the Parliament! If those guys say that long term intrests requires for a remain and people want out... PM can resign
Member
  • #432,382
  • Jun 15, 2016 5:57am Jun 15, 2016 5:57am
It doesn't work like ,that thats not demorcracy ,
theres no way parliment would go against a referendom result,


Quoting TudorIoan
{quote} {quote} {quote}The PM is not the Parliament! If those guys say that long term intrests requires for a remain and people want out... PM can resign
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,383
  • Jun 15, 2016 6:06am Jun 15, 2016 6:06am
Quoting TudorIoan
{quote} {quote} {quote}The PM is not the Parliament! If those guys say that long term intrests requires for a remain and people want out... PM can resign
That won't happen. MPs voted in favour (544 for/53 against) of the upcoming vote in European Union Referendum Act, the results of which is advicsory in the same way as was the Scottish referendum. However, it would be political suicide to ignore an out vote because "long term interests requires for a remain" or any other reason.

If a vote is for Brexit, it is very likely that Article 50 of the Lisbon Treaty will be quickly invoked and then the period of negotiations over terms of an exit will commence, with the UK on one side and 27 countries on the other. Negotiations are allowed for a period of 2 years, after which point it requires unamity from 27 member states to extend this deadline, should an extension be required.

Under the terms of Article 50, a deal can be agreed by a qualified majority of EU member states. However, some aspects, such as free trade access, will need to be ratified by all member states.

In the event of a leave vote, there is a chance that improved terms will be tabled to the UK, before Article 50 in invoked, in which case the UK parliament could vote on holding a further referendum based on any new deal on offer.
  • #432,384
  • Jun 15, 2016 6:16am Jun 15, 2016 6:16am
We have a federal election here in Australia and I kid you not our current conservative Prime Minister Malcolm Turnbull said today " The possibility of a Brexit vote is another reason why you should vote for us"

How he came to that conclusion is baffling, I think he drawing a very long bow.....
As things stand it looks like they will be re-elected with a reduced majority.
Don't Leave Money on the Table
  • #432,385
  • Jun 15, 2016 6:20am Jun 15, 2016 6:20am
Quoting TudorIoan
{quote} {quote} {quote}The PM is not the Parliament! If those guys say that long term intrests requires for a remain and people want out... PM can resign
UK constitution consists of legislature ex3ctutive and judiciary, executive is PM and cabinet etc and legislature is houses of parliament.... HoL and HoC - there is an overlap between leg and exec to which the pm is in both and pms MPS are in both - the MPS represent the public in each region and no matter what they have to stand for what the people want - under the ministerial code.
  • #432,386
  • Jun 15, 2016 6:23am Jun 15, 2016 6:23am
Ok guys, I give up
I just want to see this mess come to an end ...FOMC/Brexit gone
Member
  • #432,387
  • Edited 6:39am Jun 15, 2016 6:26am | Edited 6:39am
exactly ,which MP s going to put his hand up and say no citizens your wrong
something like this would be hugely popular UK I think ,it doesn't really matter if the amount for NHS is 100 mil or 50 mil ,seems to me theres a wave of support

Finance Bill:This would abolish the 5 per cent rate of VAT on household energy bills. Paid for by savings from the UKs contributions to the EU budget.
National Health Service (Funding Target) Bill: Requirement that by the next general election, the NHS receives a 100million per week real-terms cash transfusion on top of current plans. Paid for by savings from the UKs contributions to EU budget.
Asylum and Immigration Control Bill: Ends the automatic right of all EU citizens to enter the UK by the next election. Criminals refused entry and a non-discriminatory Australian points-based system, based on skills, introduced for those wishing to enter from inside and outside the EU.
European Union Law (Emergency Provisions) Bill: This would end the European Court of Justices control over national security, allow ministers to remove EU citizens whose presence is not conducive to the public good including terrorists and serious criminals and end the growing use of the EU Charter of Fundamental Rights to overrule UK law.
Free Trade Bill: The UK would leave the EUs common commercial policy. That would restore the UK Governments power to set its own trade policy. UK would take back seat on the World Trade Organization.
European Communities Act 1972 (Repeal) Bill: Ensures the European Communities Act 1972 the legal basis for supremacy of EU law is repealed. EU Treaties will cease to form part of UK law and European Courts jurisdiction will end. UK would cease to contribute to the EU budget. EU law to be transferred into domestic law with Parliament choosing what to keep, remove or amend.


Read more: http://www.dailymail.co.uk/news/arti...#ixzz4Be8GTXwX
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Quoting Don96
{quote} UK constitution consists of legislature ex3ctutive and judiciary, executive is PM and cabinet etc and legislature is houses of parliament.... HoL and HoC - there is an overlap between leg and exec to which the pm is in both and pms MPS are in both - the MPS represent the public in each region and no matter what they have to stand for what the people want - under the ministerial code.
Attached Image (click to enlarge)
Click to Enlarge Name: gdp uk ,world.jpg Size: 79 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,388
  • Jun 15, 2016 6:30am Jun 15, 2016 6:30am
Any reason for the sudden spike???
Don't Leave Money on the Table
  • #432,389
  • Jun 15, 2016 6:30am Jun 15, 2016 6:30am
Quoting Bones
exactly ,which MP s going to put his hand up and say no citizens your wrong something like this would be hugely popular UK I think ,it doesn't really matter if the amount for NHS is 100 mil or 50 mil ,seems to me theres a wave of support Finance Bill:This would abolish the 5 per cent rate of VAT on household energy bills. Paid for by savings from the UKs contributions to the EU budget. National Health Service (Funding Target) Bill: Requirement that by the next general election, the NHS receives a 100million per week real-terms cash transfusion...

Here's one just for you, Bones

Guess who said this in 2013??????

If we left the EU, we would end this sterile debate, and we would have to recognise that most of our problems are not caused by Bwussels, but by chronic British short-termism, inadequate management, sloth, low skills, a culture of easy gratification and underinvestment in both human and physical capital and infrastructure, the London Mayor said
Why are we still, person for person, so much less productive than the Germans? That is now a question more than a century old, and the answer is nothing to do with the EU. In or out of the EU, we must have a clear vision of how we are going to be competitive in a global economy.

It was, of course, Boris Johnson, now positioning himself, somewhat disingenuously and very self-servingly, on the side of Leave.
  • #432,390
  • Jun 15, 2016 6:31am Jun 15, 2016 6:31am
Quoting Bones
It doesn't work like ,that thats not demorcracy , theres no way parliment would go against a referendom result, {quote}
Actually what you said happened more than once in Italy. Belive it or not, politicians have lots of ways to escape population's choice.
  • #432,391
  • Jun 15, 2016 6:42am Jun 15, 2016 6:42am
lol I guess they all have skeletons ,honestly I don't trust governments no matter who ,and when Boris came out I thought who the F is he
but I have warmed to him ,he has the balls to stand up against the establishment ,more colourful character who could draw political interest more than any one else
probably self serving ,but worse self serving other side imo


Quoting gammase1
{quote} Here's one just for you, Bones Guess who said this in 2013?????? If we left the EU, we would end this sterile debate, and we would have to recognise that most of our problems are not caused by Bwussels, but by chronic British short-termism, inadequate management, sloth, low skills, a culture of easy gratification and underinvestment in both human and physical capital and infrastructure, the London Mayor said Why are we still, person for person, so much less productive than the Germans? That is now a question more than a century old, and...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,392
  • Jun 15, 2016 6:44am Jun 15, 2016 6:44am
I know it happens ,but really I doubt British would ever let that happen ,politicians already mis trusted ,anyone who tried would be lynched ,I don't know Italian politics at all


Quoting alexx90
{quote} Actually what you said happened more than once in Italy. Belive it or not, politicians have lots of ways to escape population's choice.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,393
  • Jun 15, 2016 6:46am Jun 15, 2016 6:46am
Quoting Bones
lol I guess they all have skeletons ,honestly I don't trust governments no matter who ,and when Boris came out I thought who the F is he ,but I have warmed to him ,he has the balls to stand up against the estblishment ,probably self serving ,but worse self serving other side imo {quote}
Very true.
  • #432,394
  • Jun 15, 2016 7:42am Jun 15, 2016 7:42am
guess its all about $ ,cable is range on D1 , I don't know if we could break it without a referendum result ,
Attached Image (click to enlarge)
Click to Enlarge Name: 1 gbp USD d1 (DFB).png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,395
  • Jun 15, 2016 7:49am Jun 15, 2016 7:49am
the open of gbp and fall should worry bullish gbp fans ,as seen on crosses
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPLFXMonthly.png Size: 20 KB
Click to Enlarge Name: 1 gbp nzd (DFB).png Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,396
  • Jun 15, 2016 7:52am Jun 15, 2016 7:52am
Quoting Bones
the open of gbp and fall should worry bullish gbp fans ,as seen on crosses {image}
Hey Bones,
So GBPLFX is a combination of all GBP pairs?
Don't Leave Money on the Table
  • #432,397
  • Jun 15, 2016 8:01am Jun 15, 2016 8:01am
Hi Hal
USDLFX = ((USDCHF * USDJPY * USDCAD) / (EURUSD * GBPUSD * AUDUSD*NZDUSD))^(1/8)

EUR LFX / USD LFX =EURUSD
USD LFX * LFX JPY =USDYEN
GBP LFX / USD LFX =GBPUSD
AUD LFX / USD LFX =AUDUSD
NZD LFX / USD LFX =NZDUSD
USD LFX / CAD LFX =USDCAD
USD LFX / CHF LFX =USDCHF
also calculations are cross pair as follows
GBP LFX / AUD LFX =GBPAUD
LFX JPY * GBP LFX =GBPYEN
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,398
  • Jun 15, 2016 8:02am Jun 15, 2016 8:02am
After Fed does NOT raise; GBP up w/all else. Then blah, blah, blah Brexit. Back down but not quite as far. Then, no Bexit sky's the limit.
Remember, WHY you are doing this...
  • #432,399
  • Jun 15, 2016 8:06am Jun 15, 2016 8:06am
Quoting Bones
Hi Hal USDLFX = ((USDCHF * USDJPY * USDCAD) / (EURUSD * GBPUSD * AUDUSD*NZDUSD))^(1/8) EUR LFX / USD LFX =EURUSD USD LFX * LFX JPY =USDYEN GBP LFX / USD LFX =GBPUSD AUD LFX / USD LFX =AUDUSD NZD LFX / USD LFX =NZDUSD USD LFX / CAD LFX =USDCAD USD LFX / CHF LFX =USDCHF also calculations are cross pair as follows GBP LFX / AUD LFX =GBPAUD LFX JPY * GBP LFX =GBPYEN
Thanks Bones....bit late over here to absorb, I'll get back to it tomorrow..
Don't Leave Money on the Table
  • #432,400
  • Jun 15, 2016 8:09am Jun 15, 2016 8:09am
range
$ is bullish on weekly /monthly usdx,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 month US Dollar Basket (DFB).png Size: 17 KB
Click to Enlarge Name: 1 week US Dollar Basket (DFB).png Size: 38 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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