its not just a 1p increase... its a 1p increase in 5mins coinciding with a political announcement 😛

Otherwise I can just keep bringing up the huge drop at the leave result

And use that to show how the markets despise brexit

*remembers back in 2016-17 when everyone and their fucking dog blamed gdp drops on brexit*

I thought the economy didn’t matter?

Well the currency dropping

its not brexit they despised, it was the uncertainty

Was due to to brexit

Omfg the goalpost shift

Brexit is bad for the economy

Simple as that

Why would the pound go up at the prospect of a leave government being more likely then though?

No deal is even worse

brexit bad <:npc:502497359419408384>

You can’t use both “the economy doesn’t matter”

It genuinely looks like it's more of an uncertainty drop than a Brexit one

And

“This 1p increase shoes brexit is good for the economy”

Do you not see how dumb this is

It’s so desperate t cling to anything

To@show any merits in brexit

<:GWchadMEGATHINK:366999806343774218>

im not sure anyone did say that... only that the gbp shifted

Jack are you seriously saying that this shows the market wants a no deal brexit over remain?

Cause that’s what you’re implying

No but it seems to follow your reasoning here

“Why would the pound go up at the prospect of a leave government being more likely then though?”

The pound has gone up 1pencr

At there being less chance of a hung parliament t

If the conservatives turned around and revoked brexit

You would see the pound shoot up

And if you deny that

Notice how if it goes down by a similar margin its all hysterics. But if it goes up, its just nothing. <:smugon:512048583806025739>

Then you’re too far gone

Of course you would, Id be stupid to deny that, an instant revocation would immediately settle brexit uncertainty

and not for nothing but the eurgbp has been range bound for the last several days (very annoying), and has just broken out of the range... this usually implies a new trend

The irony of PEP trying to downplay the rise

When the exact argument is used all the time

Hilarity

I'm not an economist but I don't think it's healthy for an economy that no one really knows where is going on a month by month basis

It'll go back up when this is settled because the UK is actually a fairly decent place