Brexit Border Holes Neglecting Lorries
With six months to go until the EU transition period ends and brexit really begins, we still have no systems in place to deal with goods passing into the country. In particular, the latest government consultation doesn’t even mention lorries, according to reports. Industry experts also warn that there is no time to implement any system by the end of the year.
WTF !! Another rolling office chair expert !!! 
Nobody knows, nobody has decided or even agreed to what is going to happen. on both sides of the stream
Barnier is threatening all sorts, Macron is threatening, Merkel is in bed with Macron ( figuratively speaking ) 
the Eastern block countries are all arguing amongst themselves, wether a deal should be sorted out with the UK or not.
Europe needs the UK for all sorts of things, they are just hedging their bets and hanging out for more, more for the EU.
There is no HOLE !!!
There is NO agreement !!!
The country managed before the EU existed,sure it can manage again. Going back to the years before RoRo and containers became the predominant way of transporting when wagons sat at the docks waiting to tip or load for DAYS an extra day at borders is not going to be such a ball ache.
When Liverpools dock road was like a huge lorry park with chalk marks on your tyres so you didn`t jump the line,or Millwall and Royal docks parked you up at lorry control in rows, Southampton 104 berth did “lights” trains and then “heavies” that was if you where lucky enough to get tipped on whatever the day if not it was wait til next time round no Saturdays but you hopefully got tipped on a Sunday.
Sure the country will manage with a bit of hardship.
It is still a binary decision.
Either we carry on trading as before with the EU, but no longer paying fees…
OR we boycott EU goods outright, the moment they try to force us to pay tariffs, fees, and obey restrictions…
Leaving with no deal - means the first option in effect, leaving with a deal - means the second option.
That’s it.
Investors should start treating the British pound like an emerging market currency, analysts say
The British pound is behaving like an emerging markets currency due to Brexit and liquidity conditions, Bank of America analysts claim.
In a note this week, Kamal Sharma and Myria Kyriacou, analysts at the bank, warned that the U.K.’s departure from the European Union would permanently change sentiment around sterling.
“Using turnover statistics from the BIS Triennial Survey alone one would conclude that the depth of the GBP market should have provided some cover against volatile market moves,” they said. “This has not been the case and, in our view, Brexit is likely to permanently alter the way in which investors view the pound.”
The BIS Triennial Survey, conducted every three years by the Bank for International Settlements — an organization owned by 62 central banks — analyzes the size and structure of global foreign exchange markets.
Sterling was trading 0.2% higher on Thursday at around $1.2444. It has suffered volatile swings in value since the U.K. voted to leave the European Union in June 2016, peaking at $1.4335 in April 2018.
The BofA note’s authors attributed the change in the currency’s position to a breakdown in liquidity conditions since the Brexit referendum. Trading conditions would continue to deteriorate into the end of this year, they speculated, with liquidity risks remaining high as the end of the Brexit transition period — scheduled for December 31 — loomed.
Because of this, they noted, investor analysis of sterling could not be carried out within the framework of traditional G-10 currencies. Liquidity conditions were instead pushing the pound toward price action more closely associated with emerging markets (EM) currencies.
“A more bespoke view of the pound is required and one that would take an EM-esque view, particularly as the U.K.’s internal and external debt dynamics morph into comparisons with some of the more developed EM nations,” the note’s authors said.
They added that headwinds were building up against the pound, which led them to believe that “traditional valuation metrics vastly overexaggerate the degree of GBP undervaluation.”
A bias remained for a weaker pound versus the euro, Japanese yen and Swiss franc, the note said.
Risk-on currency
Speaking to CNBC’s “Squawk Box Europe” in March, David Bloom, global head of FX research at HSBC, compared sterling to currencies linked to risk, such as the Norwegian krone and the Australian dollar.
“Sterling has moved into a risk-on currency,” he said. “Why? Because we wanted to be global, we didn’t want to be part of the European Union, we didn’t want to be part of the big closed economy, we wanted to be an open economy. And now we are, our currency trades like a medium-sized open economy, so it does swing around very violently.”
hkloss1:
Brexit Border Holes Neglecting LorriesWith six months to go until the EU transition period ends and brexit really begins, we still have no systems in place to deal with goods passing into the country. In particular, the latest government consultation doesn’t even mention lorries, according to reports. Industry experts also warn that there is no time to implement any system by the end of the year.
Yet 12 months ago on LBC radio the head of the Port of Dover and Port of Calais said they were ready to go and so did ABP Docks management for Humber Ports region.
I’d love to know who these un-named industry experts are because they’re telling a different story to the people actually in charge of the ports.
hkloss1:
Investors should start treating the British pound like an emerging market currency, analysts say
People with vested interest in shorting Sterling make negative announcement that’s going to benefit them if the value of the pound drops shocker. Next in news, bear ■■■■■ in woods.
Conor:
hkloss1:
Investors should start treating the British pound like an emerging market currency, analysts sayPeople with vested interest in shorting Sterling make negative announcement that’s going to benefit them if the value of the pound drops shocker. Next in news, bear [zb] in woods.
Doesnt make them wrong though, does it? [poundsterlinglive.com/bank- ... BP-history](https://www.poundsterlinglive.com/bank-of-england-spot/historical-effective-exchange-rates/GBP-history) Whether or not investors, and their advisors, turn a profit from it, the pound isnt doing too well. Being a smaller, lighter, independent economy, rather than tied into a larger trading block, there will likely be more volatility. Some view being smaller and more nimble as being an advantage, but no gain is without it`s cost.
Smaller is inherently less stable, surely? Free to rise quickly, but also free to drop quickly, so they are right.
Conor:
hkloss1:
Brexit Border Holes Neglecting LorriesWith six months to go until the EU transition period ends and brexit really begins, we still have no systems in place to deal with goods passing into the country. In particular, the latest government consultation doesn’t even mention lorries, according to reports. Industry experts also warn that there is no time to implement any system by the end of the year.
Yet 12 months ago on LBC radio the head of the Port of Dover and Port of Calais said they were ready to go and so did ABP Docks management for Humber Ports region.
I’d love to know who these un-named industry experts are because they’re telling a different story to the people actually in charge of the ports.
From Oct 2019:
lloydsloadinglist.com/freig … vc9JGhKjIU
"Port of Dover is as prepared as possible for the logistical challenges of Brexit, but chief executive Doug Bannister has warned that there would still be congestion and disruption, and the UK and European freight transport industry and its traders need to know the “rules of the game”.
“As prepared as can be” = the boss is doing all he can = when it goes ■■■■-up, Im not to blame. "Bannister told a Freight Transport Association (FTA) conference in London that Dover and its opposite number ports of Calais and Dunkirk, plus Eurotunnel, are “100% prepared for Brexit”. But he cautioned: “That is not a 100% guarantee that there is not going to be any congestion; that would be foolish. Of course, there is going to be friction and there will be some congestion; that is a fact." . So, congestion, delays, and costs will be unavoidable, in spite of the channel ports being "ready". From personal observation the French side have signage and extra parking areas ready. I havent noticed any on the UK side, bit guess Manston is still on the cards as overflow parking for the western channel?
hkloss1:
Investors should start treating the British pound like an emerging market currency, analysts sayThe British pound is behaving like an emerging markets currency due to Brexit and liquidity conditions, Bank of America analysts claim.
That article was posted 3 days ago in the Financial Times.
Yesterday in the Financial Times…
ftalphaville.ft.com/2020/06/25/ … -currency/
For a start, for sterling to really be an emerging market currency, wouldn’t Britain have to be an emerging market? It seems an odd designation for the fifth- or sixth-biggest economy in the world, where income-per-capita is above $45,000 (almost four times above the threshold the World Bank sets to demarcate a “high-income country”).
Stephen Jen, CEO of Eurizon SLJ hedge fund that specialises in emerging markets:
When you think of the uses of money — you have store of value, unit of account, medium of exchange — on all three measures it’s very difficult to argue that sterling is not one of the prime, prime, currencies in the world. It’s the number three reserve currency in the world, based on the global data, and it takes a lot of soft power for a currency to achieve that status. If you look at all the currencies that have a reserve status, they are issued by countries that have a lot of soft power. It’s not just economic might — look at India and China, their currencies are nowhere on the list.It’s difficult to lose that soft power, which would include things like culture, rule of law, if it’s perceived to be fair, if it operates without a lot of intervention or controls from the government, no surprises, and if it’s governed by English law, which is well understood by the markets and the world — intangible and difficult-to-quantify practices of a country. All of these underpin the support for a currency such as sterling, and it’s very difficult to supplant such a status.
Conor:
hkloss1:
Investors should start treating the British pound like an emerging market currency, analysts sayThe British pound is behaving like an emerging markets currency due to Brexit and liquidity conditions, Bank of America analysts claim.
That article was posted 3 days ago in the Financial Times.
Yesterday in the Financial Times…
ftalphaville.ft.com/2020/06/25/ … -currency/
For a start, for sterling to really be an emerging market currency, wouldn’t Britain have to be an emerging market? It seems an odd designation for the fifth- or sixth-biggest economy in the world, where income-per-capita is above $45,000 (almost four times above the threshold the World Bank sets to demarcate a “high-income country”).
Stephen Jen, CEO of Eurizon SLJ hedge fund that specialises in emerging markets:
When you think of the uses of money — you have store of value, unit of account, medium of exchange — on all three measures it’s very difficult to argue that sterling is not one of the prime, prime, currencies in the world. It’s the number three reserve currency in the world, based on the global data, and it takes a lot of soft power for a currency to achieve that status. If you look at all the currencies that have a reserve status, they are issued by countries that have a lot of soft power. It’s not just economic might — look at India and China, their currencies are nowhere on the list.It’s difficult to lose that soft power, which would include things like culture, rule of law, if it’s perceived to be fair, if it operates without a lot of intervention or controls from the government, no surprises, and if it’s governed by English law, which is well understood by the markets and the world — intangible and difficult-to-quantify practices of a country. All of these underpin the support for a currency such as sterling, and it’s very difficult to supplant such a status.
Manager of UK Investment Hedge Fund says UK is a good place to invest?
Conor:
Next in news, bear [zb] in woods.
.
And no-one has said
Conor:
for sterling to really be an emerging market currency, wouldn’t Britain have to be an emerging market?
hkloss1:
should start treating the British pound like an emerging market
Franglais:
Manager of UK Investment Hedge Fund says UK is a good place to invest?
I see your remainer reality distortion field is in full effect. He’s the manager of a hedge fund that specialises in emerging markets. The UK being a good place to invest in has no impact on his hedge fund.
Conor:
Franglais:
Manager of UK Investment Hedge Fund says UK is a good place to invest?I see your remainer reality distortion field is in full effect. He’s the manager of a hedge fund that specialises in emerging markets. The UK being a good place to invest in has no impact on his hedge fund.
A volatile market is seen as a good place to invest. At least by those not risk adverse, with a hunger for profit.
Not necessarily a good place to invest for a steady future growth nor s good place to live and plan for future retirement.
Good for “investment” in funds isn’t the same as investment in factories and steady employment for the greater population.
You’re still wearing your red braces then?
Meanwhile a senior brexiteer writes a letter to Michel Barnier.
Comedy gold. lol
m.youtube.com/watch?v=FQZ7tgl5068
Comments below the video are as always, brilliant, haha
Conor:
Franglais:
Manager of UK Investment Hedge Fund says UK is a good place to invest?I see your remainer reality distortion field is in full effect. He’s the manager of a hedge fund that specialises in emerging markets. The UK being a good place to invest in has no impact on his hedge fund.
There’s not much point doubling up your investment though, in any country with brokers that then run off with your cash…
It is surprising how many would-be “investors” would not DREAM of risking their cash on an “honest” venture such as Liquid derivatives contracts such as Gold and Oil - but don’t hesitate to invest overseas in some vague fund where profits are “assured” so much, that the taker of such an investment - even bothered to go abroad to seek out new would-be investors…
Pineapple Chunks in Venuzuela to the Prime Sushi for East Timor for the Japanese market… 
….When you’d be better off going long or short of a highly-liquid London traded contract, which keeps your uninvested cash safe and sound, even if you end up making lousy investment decisions with your “pot”.
hkloss1:
Meanwhile a senior brexiteer writes a letter to Michel Barnier.
Comedy gold. lolm.youtube.com/watch?v=FQZ7tgl5068
Comments below the video are as always, brilliant, haha
Why pretend we want a deal when we don’t, or pretend the EU must have one, when in fact they only need pay through the nose to get one?
How much would you sell a tenner for?
The EU offered nothing to start with, a fiver halfway through the past four years of “negotiations”, and now at the 11th hour - they offer not £11 but £9.00 instead.
“No Deal” and put your tenner back in your pocket. Don’t worry about the background moves to try and weaken the pound so that £10 is worth less than the £9.00 it was offered as earlier by the EuroIdiots who’ve probably never played a hand of cards across green baize in their entire unworthy lives…
Franglais:
Conor:
Franglais:
Manager of UK Investment Hedge Fund says UK is a good place to invest?I see your remainer reality distortion field is in full effect. He’s the manager of a hedge fund that specialises in emerging markets. The UK being a good place to invest in has no impact on his hedge fund.
A volatile market is seen as a good place to invest. At least by those not risk adverse, with a hunger for profit.
Not necessarily a good place to invest for a steady future growth nor s good place to live and plan for future retirement.
Good for “investment” in funds isn’t the same as investment in factories and steady employment for the greater population.
You’re still wearing your red braces then?
You bid a joke low price when buying, and offer up your investment straight away for “closing sale” at a much higher, almost unrealistic price, that is however “within the day’s current trading range”.
The basis of professional day-traders up and down our land, that are doing rather nicely out of Furlough - IF you can raise the grub stake to get started, these days being about £100,000, which alas excludes yours truly. 
The UK racing downwards, to be a fourth rate fantasy chithole. Absolutely nothing looks good just now and under this useless government there is very little hope for the futude. Mass unemployment, mass poverty and total despair.
jamdoms:
The UK racing downwards, to be a fourth rate fantasy chithole. Absolutely nothing looks good just now and under this useless government there is very little hope for the futude. Mass unemployment, mass poverty and total despair.
And three million people on the way from the Far East…
Don’t criticise this government though, someone will be along to say they are doing their best… That is what you say to the fat kid losing the race at school, ‘he was doing his best’.
Darkside:
jamdoms:
The UK racing downwards, to be a fourth rate fantasy chithole. Absolutely nothing looks good just now and under this useless government there is very little hope for the futude. Mass unemployment, mass poverty and total despair.And three million people on the way from the Far East…
Don’t criticise this government though, someone will be along to say they are doing their best… That is what you say to the fat kid losing the race at school, ‘he was doing his best’.
Remeber though,
“When someone puts an alligator in the pool, you don’t need to be the best swimmer to prosper - second worst to the fat guy will do.”