Central Banks and Brexit

The following is taken from http://www.brexitcentral.com for 4th April 2017.

#In today’s newslinks, there’s a confidence-boosting story from the Financial Times (http://brexitcentral.us14.list-manage.com/track/click?u=d25cbe539be88d77cfaa20e94&id=c6dc58545e&e=02b4b3fbdc) : despite uncertainty over Brexit – as pieces grudgingly reporting good news for Brexit Britain must say – central bankers around the globe are dumping euros in favour of sterling as a “long-term, stable alternative. The report goes on to state that of the reserve managers surveyed at 80 central banks, some have cut their entire exposure to the euro and that the UK’s decision to quit the EU has not affected the popularity of sterling as an investment currency so far.#

The entire case of the Remain campaign rested on two central assertions in a deliberate attempt to evade all talk of the entire range of issues in play, particularly UK sovereignty.

One was the vague,  false idea that the EU has not only preserved peace in Europe but that the EU is the sole source and guarantor of European freedom [in fact the European Convention on Human Rights and its Court are the province of the 47 member Council of Europe to which the UK continues to belong – see http://www.coe.int/en/ ].

The other was that economic Apocalypse awaited the UK as soon as such a vote was declared, let alone brought into effect.

Neither is true, as has been explained in these posts and pages.

When it comes to facts, to reality and to what actually happens beyond the realms of EUtopian wishful thinking and their obsessional belief in an idea presented as if it were reality:

central bankers around the globe are dumping euros in favour of sterling as a “long-term, stable alternative

And the EU negotiating position which suddenly demands Spanish agreement over Gibraltar as a pre-requisite ?

Just another example of the demanding and domineering, the manipulative and offensive manner in which the EU does business, regardless of the true interests of all Europeans.

Ray Catlin

http://www.coe.int/en/

http://brugesgroup.com/blog/another-nail-in-the-coffin-of-the-single-market