Great Britain and America are in competition to see who can screw themselves over the worst.

With Brexit, Great Britain has forged a lead, but America has the Trump card.

Ohhhh! Maybe BMW will sell off the MINI brand name to someone who will actually make a small, economical, basic, functional.... Mini.

God, you're a dimwit. You get worse with every screen name... 

It all depends on who actually owns the car manufactureres.. BMW = MINI = pissed off Germans and they may pull the plug.
Also with the low pound, buying in material becomes more expensive.

Dont hit on obama if you dont want bikewitz to get mad at you... Lol

Obama is my HERO !!! Hahhaha

With apologies for the rude word, but it seems appropriate at this time - I'll remove it if anyone reeeeally object to the swearing but not the content.

The low CAD to the U S Dollar is a boon to Canadian exporters,making money "hand over fist"

This helps the manufacturing side of our economy and offsets the horrendous losses in the Oil Fields, no Excell pipeline no great future in Canadian oil-

Of course the Chinese will take it all if we can get it thru BC to the coast-

Big AL

Nothing wrong with the Canadian economy per se, but it's not (at this time) viewed as a better place to stash wealth than some other countries. That's why the value is 1.35-1 vs. the USD. If other economies are in flux, money flows to what is perceived as the more stable ones. I can't say why the Canadian economy is viewed in that way - perhaps people still believe Canada is highly dependent on oil prices.

Obviously, a few years ago the CAD was much higher and a store people were looking to park their wealth at. This was when oil prices were sky-high. So if OPEC succeeds or the Saudis decide to give up trying to drive North American oil producers out of business, the £ could well reach $1.50 CAD.

I think the pound was weak three years ago, (I seem to recall it hitting about $1.46 USD then) so that combined with a resurgent CAD would do the job as it did then. Probably the CAD needs to come back within the next year though. I don't think the £ will stay down for more than a year or two max unless crazy stuff like Scotland and Northern Ireland seceding takes place.

I wouldn't expect so either....like I said, I'm waiting or $1.50   The last order I put in to Mini pares a few years ago, it was at about $1.45

The Canadian economy is just fine. It is all the other countries' economies that are in a state of flux. (The rest of the world is fluxed up.) 

And talking about $1.33 , that is what l paid to-day for one U S Dollar

Crazy

Big AL

I don't know that the £ will ever plummet to $1.35 CAD... I think for that to happen, it'll be the Canadian economy turning around. I doubt the pound will go too much lower than it is now, actually. Hard to believe actually that the CAD $ was worth more than the USD $ just three years ago.

Are you suggesting in Britain, it's time for a wine and cheese party instead of a tea party?

Az from $2.15 to $2.37 in 2 days... Sheyt !!    This UK / EU thing is affecting the entire world.. Im so mad!!
now i need to put $3 gas in my mini instead of just $2

$1.72.....still a ways to go

as of 12:14 AM PST, it's $1.3469 US = £1 GBP. It's been in this range for at least the last 36 hours (I've been checking it regularly...)

I have a big order in my basket at Mini Spares, been sitting there for a year....hoping the GBP drops to at least $1.50....then I'll pull the trigger

It's the Brits' version of "no taxation without representation"...having Brussels run your country for a couple of decades is not what they wanted.

It depends on relative size of the UK vs. the EC, and I don't think the UK is big enough to shrug off the EC if it acts vengefully as I expect it to. I don't believe the UK makes of 30% of the EC's trade. Even the USA can't just say "big deal" to the the EC. There's going to be some pain to the UK unless the EC folds and gives it great terms. Certainly it's not going to deal the UK a death blow or consign it to third world status or anything like that. But some people cheering the exit are going to end up on the dole despite it all.

Reminds me of how people in my state of Washington in the Pacific Northwest lead the charge against free trade pacts (especially the Asian one) even though Washington is one of the states most dependent on exports, and perhaps the most dependent based on percentage of overall economy. But the people are smug and assume other countries won't do anything or trade elsewhere, so they oppose free trade treaties.

Not that I am a big supporter of the EC and the way it does business. Economically, larger units make sense. But the EC seems to often overstep into political dictates, and that's what I think the Brexit is all about. I doubt the leave vote would have succeeded if it had been about buying your vegetables locally.

I'm convinced it's the immigration issue, and the anger that EC commissioners seem to be controlling the UK's internal policies. That's what has powered the exit. But with Scotland and Northern Ireland strongly supporting "remain", and people under 40 strongly supporting it - those type of sharp divisions are going to have some major consequences politically, economically, and socially.

Finally, if the EC does want to be tough on Britain, the goods trade is the lesser aspect of it. They can make financial transactions much less attractive, and that's where Britain really mints the money as a EC member. That's going have a bigger impact by far than the peddling of fruits, meat, and MINI's.

An excellent summary! one I would have written myself only I cant type that fast....................