Whats happening in London recently?

forexer · 06-05-2009, 10:44 AM

Hi all,

As you all know something not very good has occurred in London. I don't know exactly what but i know its about some members of some entity resigning that sparked a sell off in the pound.

Can someone who knows what happened and is happening kindly explain. Thanks

Forexer

Tekmnd · 06-08-2009, 09:39 PM

Hi Forexer,

Here are 2 articles on it.
UK Government: Brown Resignation Rumor "Complete Nonsense"
Britain's Brown rejigs cabinet to calm crisis | Top News | Reuters

PM Gordon Brown is under some heat, and has taken steps to try and shake up his administration. There were also some rumors that he may step down.
This is something to really keep an eye on.

Cheers
Tek

advfn2828 · 06-09-2009, 12:23 AM

Quote:

Originally Posted by Tekmnd

PM Gordon Brown is under some heat, and has taken steps to try and shake up his administration. There were also some rumors that he may step down.

Hi Tek/all

This guy will not step down, he will only go if the majority Labour party goes against him, and judging by the article below, although pressure is mounting, the grass roots still wants to be behind him and unity.

You have to remember that if he steps down Labour would have no choice but to call a general election which they know they havent got a cat in hells chance of winning.

But if they hold on, let the economy recover in time for the next election (Maybe!), then they can say " see - how clever are we!", and of course the stupid Brit public could get suckered in. (Or at least that is their plan)

As you say though, needs to be watched closely, if I am wrong then GBP could plummet from the uncertainty, with maybe USD as benefactor and certainly EUR

Any other thoughts on this?

Graeme

forexer · 06-09-2009, 01:34 AM

So its all political tension plus some other stuff. I see now, heard some news on bloomberg that Brown won't step down. Anyway, i don't trade the pound so its not very important for me to completely understand this.

I just know the IMF wants the ECB to further ease the economy. For US open, the treasury looks to release 10 names of those who are allowed to repay TARP.

Forexer

forexer · 06-10-2009, 02:02 AM

Hell,

What's happening to the tube in london? Why is there a strike. So cool.

Forexer

Summerwind · 06-10-2009, 03:17 AM

Its about wages and guarantee of no redundancies.

The union is one of the most militant and is demanding rediculous wage increases in view of the current economic climate.

forexer · 06-10-2009, 03:30 AM

Thats very bad for them, the tube and commuters. How do you get to work? Hopefully you drive there

I hope those guys won't put up a riot, just a strike at most.

Forexer

06-05-2009, 10:44 AM	#1 (permalink)
forexer Badges About Assets Total Awards: 1 Join Date: Jan 2009 Location: Singapore Posts: 1,503 InformedPoints: 130.96 Funds	Whats happening in London recently? Hi all, As you all know something not very good has occurred in London. I don't know exactly what but i know its about some members of some entity resigning that sparked a sell off in the pound. Can someone who knows what happened and is happening kindly explain. Thanks Forexer __________________ Time must be used Very Prudently

06-09-2009, 01:34 AM	#4 (permalink)
forexer Badges About Assets Total Awards: 1 Join Date: Jan 2009 Location: Singapore Posts: 1,503 InformedPoints: 130.96 Funds	So its all political tension plus some other stuff. I see now, heard some news on bloomberg that Brown won't step down. Anyway, i don't trade the pound so its not very important for me to completely understand this. I just know the IMF wants the ECB to further ease the economy. For US open, the treasury looks to release 10 names of those who are allowed to repay TARP. Forexer __________________ Time must be used Very Prudently

06-10-2009, 02:02 AM	#5 (permalink)
forexer Badges About Assets Total Awards: 1 Join Date: Jan 2009 Location: Singapore Posts: 1,503 InformedPoints: 130.96 Funds	Hell, What's happening to the tube in london? Why is there a strike. So cool. Forexer __________________ Time must be used Very Prudently

06-10-2009, 03:17 AM	#6 (permalink)
Summerwind Badges About Assets Join Date: Jun 2009 Location: Plymouth UK Posts: 11 InformedPoints: 0	Tube Strike Its about wages and guarantee of no redundancies. The union is one of the most militant and is demanding rediculous wage increases in view of the current economic climate.

06-10-2009, 03:30 AM	#7 (permalink)
forexer Badges About Assets Total Awards: 1 Join Date: Jan 2009 Location: Singapore Posts: 1,503 InformedPoints: 130.96 Funds	Thats very bad for them, the tube and commuters. How do you get to work? Hopefully you drive there I hope those guys won't put up a riot, just a strike at most. Forexer __________________ Time must be used Very Prudently

06-08-2009, 09:39 PM	#2 (permalink)
Tekmnd Community Co-Host Badges About Assets Total Awards: 6 Join Date: Aug 2008 Location: San Diego Posts: 2,345 InformedPoints: 18,963.18 Funds	Hi Forexer, Here are 2 articles on it. UK Government: Brown Resignation Rumor "Complete Nonsense" Britain's Brown rejigs cabinet to calm crisis \| Top News \| Reuters PM Gordon Brown is under some heat, and has taken steps to try and shake up his administration. There were also some rumors that he may step down. This is something to really keep an eye on. Cheers Tek

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