Article 50

Hey Sup Forumsacks, I'm a /biz/nessman that occasionally browses this board.

Is Article 50 going to get triggered some time this week? I saw some banter about it earlier but didn't read too much into it. Is it confirmed happening for Tuesday?

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ft.com/content/847bba22-070b-11e7-ac5a-903b21361b43
bloomberg.com/news/articles/2017-03-12/eu-turmoil-makes-russia-the-sanctioned-bond-market-traders-love).
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bump

make it happen Britain i want to short the pound

Yeah if any of you Sup Forumsacks are financially competent, you might want to take a look at shorting FXB. You'd essentially be betting that the value of the pound will be going down.

Maybe you should try asking at some time other than 3am m8.

Fuck, forgot about the time difference.

>bongs cant handle extreme american time zones

this is why you lost the colonies

it seems its gonna happen some time this week prob the 15th based on reports

ft.com/content/847bba22-070b-11e7-ac5a-903b21361b43

Today most likely

We're not sure. All T.M has said is that she's "On the brink" of triggering article 50.

BASED BRITBONGS

So, by triggering Article 50, will there be any more negotiations, or are you guys basically telling the EU to go fuck itself?

When We Trigger Artical 50 The Eu Either Accepts our deal or dosn't and we trade with other people. really that simple

>European Union starts a trade war with a consumer country

pic related

I think that Article 50 is enough to start the death spiral for the pound regardless. Article 50 indeed only formally initiates severance. A lot of details may effect specific financial institutions for both Britain and the EU, i.e. Euro clearing houses in Britain.

I am curious about if it would be wise to short the Euro as well.

Isn't the pound stronger then is been in a while right now?
Euro will Drop like a brick once 20% of there economy no longer exists

ye germany is pretty fucked if they dont want to trade with us due to the fact 50% of there car sales are to the uk

I'm not sure about exchange rate, but the ETF's tracking the pound are the lowest they have been in a few years. I think that Belgium will make withdrawal from the EU as destructive as possible for both currencies.

I think its tracking so low because once £1=1euro they'll lose a lot of money, the markets will crash all over Europe which im fine with

The pound will decrease in value significantly and then recover over the course of the rest of the week most likely. Such a dramatic decrease hasn't had a negative effect on FTSE 100 companies since it boosts your country's exports.

I think you might be right about a euro decline causing a european market crash though. Britain triggering article 50 and giving the EU the middle finger might spark a trade war with the europeans trying to shoot themselves in the foot by punishing the biggest buyers of their goods, when England can easily just go to India, China, and other sellers in the global marketplace. European companies would take a nosedive as they lose a big chunk of their demand.

thank you.
Finally some gets it

I don't understand how people don't understand this. The only negative argument is that the euro-denominated derivatives trade might move to continental europe, but europe is a fucking mess for banks right now.

France thinks they can lure bankers back to the country with a 75% tax on the wealthy as it stands right now. No chance of that.

Germany could potentially have a chance at getting the trade, but the fact that the Europeans have such onerous banking regulations proves otherwise. I mean, for fucks sake, the Europeans were discussing a financial transactions tax that would basically fuck over all financial activity. This diminishes any cuckservative argument for the European Union as a "pro-market organization": they have the option to become the financial heart of Europe and they're not doing any of the right steps because they're a bunch of socialist globalist cucks.

I hope Le Pen and Wilders win so I can do the same trade and short the euro.

didn't the German bank crash/crashing? i may be wrong

Deutsche Bank's fall was mostly linked to the Justice Department's hefty fee. Bankers aren't well liked here on Sup Forums, but it was a common practice for the Obama Justice Department to fine banks and other corporations very high charges, but they would then withdraw those fines if they donated lesser amounts to liberal activist groups, effectively extorting the private sector.

The whole spiel with Deutsche smelled fishy at the time and no doubt if you looked at their corporate contributions you could find something. I remember them moving out of North Carolina because of HB-2 recently, which might've been linked to it, but that also might've been before.

It's also cheaper to insure Russian debt than Italian debt now (bloomberg.com/news/articles/2017-03-12/eu-turmoil-makes-russia-the-sanctioned-bond-market-traders-love). Basically, investors think that russia has a higher chance of paying its debts than Italy. If there's one thing that signifies the failure of the Euro, it's this.

ah, thnx.
guess that's makes sense.
A lot of people dont realize how fucked so many countries are under Europe e.g Greece. Due to Greece owning money the EU kicked out the party in power and appointed there own

Yeah Greece was a pretty fucked up situation. I'm by no means in agreement with Syriza, but the way the Europeans shafted Greek sovereignty was outright disgraceful.

It was bound to happen anyway. The euro is basically a subsidy for German exports. The value has to reflect all member states' conditions, so it's too low for the Germans, whose currency should have a much higher value to reflect their stronger underlying fundamentals, while it should be lower for the Greeks, Spanish, and Italians, reflecting lower fundamentals. Having a weaker currency isn't a bad thing, Australia's dollar is weaker than the United States and Australia hasn't had a recession in 25+ years. However, because the Germans are fixated on keeping everyone attached to one standard, Mediterranean manufacturers and businesses can't compete, and Germans and some French basically run the game.

And now the Germans are mass importing Syrians, when they could just start a guest worker program within Europe for those displaced Southern Europeans if they really cared about the union. The fact that they aren't doing that just goes to show that the European Union isn't about Europe, it's about globalist socialism.