doublegunshop.com - home Forums General Discussion DoubleGun BBS @ doublegunshop.com Strong $US vs. pound Sterling

So who is shopping Brit or will the gun prices in pounds Sterling take a quick uptick to adjust for present exchange rate/politic?

The present may or may not be a good time to acquire a nice double from across the pond. Anyone care to speculate?

Pound is at the lowest level to US dollar since 1985. Biggest single one day drop ever. Euro drops as well. Brexit will have huge and unknown impact to British, European and world economies. My guess is the medium to long term benificiaries will Britain, the remnants of The Comminwealth, America and Russia. In the short term a different story. Disruption everywhere. I'd buy Sterling if I was a currency trader.

will there be a chain reaction ?will germany leave now ?is the immigrant influx the reason for the split.10% loss on brit currency.wow i didn't think this would happen.is cameron gone?

It's a lot of speculation at this point but id say Cameron will be gone shortly. I think Germany won't leave suddenly as a result of this. Free trade I think is a major component of influence. And I think it's more than just immigration.....although that's the face of it....it's the loss of sovereignty. Your government being told by another entity what the rules are.

i have read that people in other EU country's could go to england for jobs(and germany)but with so many eu countries having economic problems maybe the britts have had enough of this collectivism.i didn't expect them to leave,is this a repeat of the 1979 resurgence of conservatism in England.

The future gona tell more, the British people voted yesterday and the result is that 52 % voted for the Brexsit. Pond is all ready 10% down this morning.
Cheers, Marc.

Mr Cameron has resigned; he'll stay in post until a new Prime Minister is selected by the Conservatives, but will be gone before the Tory party conference in convenes in October.

The ramifications both political and financial are all unknowns at this point, although the anti-EU sentiments with the other EU countries are making themselves felt. Elements in the Dutch parliament have already called for a referendum in Holland.

This vote does not IMO reflect any rise in conservatism; it was the Labour party heartlands that brought in the biggest "Leave" numbers.

The immigration thing has been vastly overplayed; there are 400,000 Asian Muslims in Birmingham and not one of them will go back home because of this result.

As regards the EU citizens coming here to work, London is already the seventh largest French city. I expect a lot will be going home as London loses it's position as a world financial centre. Invest in Frankfurt!

I voted to remain, but we've got what we've got, and as the old curse has it "May you live in interesting times."

Eug

Short term the Pound will keep dropping as it will take time to figure out how the exit will be done. People who hate uncertainty will sell pounds for what they hope are more stable investments. Long term the Pound should recover and rise. If you are traveling there or buying say guns there, to bring back, the stronger dollar is like a sale price on what you buy.

The real question is how stable can the EU be in both the short and long term? Face facts if the most solvent countries leave the EU is doomed. Contracting economies are not stronger banning together, they need rising economies to bring them up as they grow. An EU without GB, Germany or France is just a mini UN of second and third rate countries. If you loose two out of those three it's all over. It all comes down to what happens next in the next two or three years. More exits will be bad but if none happen quickly the EU might survive in a weaker form.

I think its a good thing....this new world order crap just screws over middle class working people....lowers wages...and further fills the pockets of those that have it all already....

The pound will go up and down like Yo-yo for a while as the market hates uncertainty. It's known as a 'dead cat bounce'. Other European countries also fed up with the E.U. are looking on with interest. It will take at least two years to negotiate the split. Don't get too excited about exchange rates just yet as they first went up before going down during the night. It's business as usual for now. U.S. trade with the U.K. should get easier without E.U. interference. Lagopus.....