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Sterling, good time to buy a telly..



nicko31

Well-known member
Jan 7, 2010
18,595
Gods country fortnightly
Below 1.29 on USD over night. 13% down since we jumped out of the aircraft, stuff from China is about to go. Only a matter of time before we start paying more for imported goods.
 






Diego Napier

Well-known member
Mar 27, 2010
4,416




Stat Brother

Well-known member
NSC Patron
Jul 11, 2003
73,888
West west west Sussex
If Golden Brown was still in charge we'd have a good idea when it was a good time to buy gold.
 




nicko31

Well-known member
Jan 7, 2010
18,595
Gods country fortnightly
All this stuff is brought in by surface freight so will take a few weeks to filter through. Unless retailers / manufacturers just take the hit..
 








vegster

Sanity Clause
May 5, 2008
28,274
I'm sure this is what Boris means when he says the benefits of leaving the EU have not been properly explained. This is merely the first of the many benefits the country will receive thanks to leaving the EU. This is a fantastic chance for us to start manufacturing and buying our own British made tellys , although we obviously don't make many of the components so we will have to buy them from China where obviously it's cheaper, but it's a step in the right direction...
 








Fungus

Well-known member
NSC Patron
May 21, 2004
7,160
Truro
This is a fantastic chance for us to start manufacturing and buying our own British made tellys

Could be a few more of these bad boys available soon?

SinclairFTV1_1.jpg
 


vegster

Sanity Clause
May 5, 2008
28,274

It's all a big hoax in order to deny us our liberty and freedom, we are the 5th or 6th largest economy in the world and these are just routine fluctuations in the market.....Boris said that it would " all be all right " for us all, oh apart from him now it seems.....
 


Springal

Well-known member
Feb 12, 2005
24,785
GOSBTS
Just cashed out a tidy sum of my work shares that are USD! Made a very decent amount just in the currency FX! Not all bad
 






smudge

Up the Albion!
Jul 8, 2003
7,376
On the ocean wave
I get paid in $'s. End of the month can't come soon enough. Knowing my luck it will have recovered by then.
 


Dave the OAP

Well-known member
Jul 5, 2003
46,762
at home
For business this is good news if you are exporter....BUT for consumers, good swill be more expensive from Europe and the us.

Not good if you work for an American company who have taken a huge hit on forex.
 


wellquickwoody

Many More Voting Years
NSC Patron
Aug 10, 2007
13,921
Melbourne
All this stuff is brought in by surface freight so will take a few weeks to filter through. Unless retailers / manufacturers just take the hit..

When get you unexpected blips in economic terms you are right to think that manufacturers/importers are reluctant to raise prices as they may well need to reduce them in the near future leaving them looking a little silly. Right now the overwhelming opinion is that prices of imported goods are on the rise at least in the short term and maybe into the medium term, manufacturers and importers are not going to expose themselves to losses that they may not recover for a long time. Welcome to Brexit.
 




The Maharajah of Sydney

Well-known member
Jul 7, 2003
1,417
Sydney .
Dropped from 5th to 6th biggest economy yesterday.

French GDP surpasses Britain on plunging pound.

At current exchange rates, French GDP exceeds UK

France is now the world's fifth biggest economy as the plunging pound undercuts UK GDP.

Reuters reports that with the pound below 1.30 and EUR/GBP at 0.8575 that French GDP sits at 2.182 trillion euros compared to Britain at 2.172 trillion.

The rivals have traded places several times. France was larger until 1997 but was surpassed by Britain in 2014.
 


Mental Lental

Well-known member
Jul 5, 2003
2,300
Shiki-shi, Saitama
Dropped from 5th to 6th biggest economy yesterday.

French GDP surpasses Britain on plunging pound.

At current exchange rates, French GDP exceeds UK

France is now the world's fifth biggest economy as the plunging pound undercuts UK GDP.

Reuters reports that with the pound below 1.30 and EUR/GBP at 0.8575 that French GDP sits at 2.182 trillion euros compared to Britain at 2.172 trillion.

The rivals have traded places several times. France was larger until 1997 but was surpassed by Britain in 2014.

Check how optimistic the economists were at the end of last year........

http://www.telegraph.co.uk/finance/...my-as-France-and-Italy-face-G8-exclusion.html
 


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