Combinables Price Tracker

What will the consequences of a no deal brexit have on the market ?
there will be a deal it is no ones interest to not have a deal if there is no deal and things go badly the voters will deelect the politicians in charge they the eu commission and the politicians know this so with the usuall eu face save a deal will be done that keeps things working

the key for farmers is what inport duty if any on food dumped into the uk the government imposes they cannot say now because the deal has not been done end of march will be when we know at the earliest
 
I don’t think it has dawned on the fx market that there may not be a Brexit deal. After all it’s in everyone’s interest.

Considering the GBPEUR was above 1.40 before Cameron announced the referendum, was above 1.30 before the vote and was 1.10 within a month or so after the Leave result and today sits at 1.11 I think the FX market has taken notice!

Remember rapeseed at £250 and wheat at £120??
 

bobk

Member
Location
stafford
Considering the GBPEUR was above 1.40 before Cameron announced the referendum, was above 1.30 before the vote and was 1.10 within a month or so after the Leave result and today sits at 1.11 I think the FX market has taken notice!

Remember rapeseed at £250 and wheat at £120??

Are you sure the fx rate was 1.40 .. :scratchhead: can't remember it being over 1.20 for the past 10 years
 

fudge

Member
Arable Farmer
Location
Lincolnshire.
Considering the GBPEUR was above 1.40 before Cameron announced the referendum, was above 1.30 before the vote and was 1.10 within a month or so after the Leave result and today sits at 1.11 I think the FX market has taken notice!

Remember rapeseed at £250 and wheat at £120??
They still are assuming that there will be a Brexit deal don’t you think?
 

shakerator

Member
Location
LINCS
Yes to some extent but who knows and the market hates uncertainty, the GBP rally will be very sharp if/when a deal is confirmed as the UK economy is actually in great shape!

This is the biggest risk
Uncertainty leads to weaker currency

Certainty will lead to stronger

Current uncertainty

Who knows what next week brings let alone next spring

Wheat is a currency !
 

SFI - What % were you taking out of production?

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  • 100% I’ve had enough of farming!

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