>>7353 The detail you are missing is that this is a known event it is expected to drop so the market has adjusted and the price has already dropped. The actual day should in principal be inconsequential.
>>7358 In principle but not in practice. The markets still don't know whether we're heading for a Hard Brexit and what immediate effects this would have on basic trade.
It's a gamble really. If things proceed much as they already do with regard to import/export, which I'd say is more likely, the pound will likely jump as market jitters are calmed. Conversely if it's an immediate disaster then you could make a packet.
It's a fascinating situation. While it's the economic interests of every individual European country to normalise business affairs with Britain as much as possible, it's in the EU's interests to make an example of us by wreaking havoc and dissuading any potential further breakaways.
>>7360 >In principle but not in practice. The markets still don't know whether we're heading for a Hard Brexit and what immediate effects this would have on basic trade.
Those who think one way balanced with those that think another leaves it in a proportional position between the Before and After, OP only succeeds by moving it into a different currency or something if what he thinks will happen comes to pass - he does not know this, so it is a gamble.
Personally I'd just stick it into a fund that's ~15% UK weighted.
This isn't a question about currency really, it's a question of will we leave with some sort of dealio, the answer being we don't know.
>In the EU's interests to make an example of us by wreaking havoc and dissuading any potential further breakaways.
I don't think that is in their interest either, we are still a significant trading partner and ally. They want us to have a stable exit, they just don't want us to get a free ride from EU perks.
I'm not sure what you mean. EU membership works like anything else - there are costs and benefits. You have to pay your dues, you have to abide by certain rules, but you get the benefits of being in the club. The other EU members (and a long list of would-be members) seem to think that's a fair deal.
A lot of leavers seem to want the main benefit of being in that club (barrier-free trade with 27 other countries), but they don't want to pay their dues and want to pick and choose from the rules. If the EU offers Britain a bespoke deal with most of the benefits but much lower costs, the union will disintegrate. They don't have to punish us for having the temerity to leave, but they can't possibly offer us a better deal than we get now. It's like telling your gym "I want to come in and use all the equipment, but I don't want to pay a membership fee, I don't want to wipe my sweat off the machines and I want to walk around with my cock out". Who in their right mind would agree to that?
>>7366 In a transactional sense there are costs and benefits - mutually beneficial ones. If it's not beneficial it's not a perk.
> The other EU members (and a long list of would-be members) seem to think that's a fair deal.
Why the fuck am I supposed to care.
>A lot of leavers seem to want the main benefit of being in that club (barrier-free trade with 27 other countries), but they don't want to pay their dues and want to pick and choose from the rules.
Yes, it'd be great.
>If the EU offers Britain a bespoke deal with most of the benefits but much lower costs, the union will disintegrate.
Because it'd be a realisation that the costs needn't be costs at all, and that you can offer all the benefits without the costs.
If the EU were a gym we'd stay part because we pay in exchange for something we fucking want. It has been expressed that we are paying in exchange for things we don't want.
The EU as a whole would benefit from a whole bout of brexiting, and nations across europe realising that the costs exist purely for the ideals of federalists and need not be costs.
