1.26 and falling
Oct 12th 2016, 2:13 pm
#106
Lost in BE Cyberspace
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Re: 1.26 and falling
They won't raise rates. The housing market is too fragile.
Oct 12th 2016, 6:27 pm
#107
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Location: West Kensington, Dubai
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Oct 12th 2016, 7:35 pm
#108
Forum Regular
Thread Starter
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Re: 1.26 and falling
Oct 13th 2016, 5:34 am
#109
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Re: 1.26 and falling
http://news.sky.com/story/tesco-pulls-brands-such-as-marmite-amid-unilever-price-row-10614934
Inflation
Inflation
Oct 13th 2016, 6:28 am
#111
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Re: 1.26 and falling
I still think rate cuts before rises. You need to jack up the rates a lot to make a difference as the 80s showed us. The issue we have is political risk, not economic. Economic policy cannot fix political policy.
Oct 13th 2016, 6:30 am
#112
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Re: 1.26 and falling
cheese, marmite, bread and ale.
Actually, doesn't sound so bad.
Oct 13th 2016, 6:48 am
#113
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Re: 1.26 and falling
Without any positive political announcements (on trade deals and market access), I fear the £ will continue stumbling. Which is of course terrible for the UK residents, and for UK assets. How bad to we think the impact [inflation] will get?
For those of us earning in Dollar/pegged and planing to eventually repatriate this is a good boost to our remittances. But should we hold off, as it doesn't seem to have bottomed?
My personal view is that £ will take 2 decades to recover, if the current political situation endures!
For those of us earning in Dollar/pegged and planing to eventually repatriate this is a good boost to our remittances. But should we hold off, as it doesn't seem to have bottomed?
My personal view is that £ will take 2 decades to recover, if the current political situation endures!
I am going on holiday to DisneyWorld Florida next year, my flights were bought in £, my hotel cost has been agreed in £ and I got the dining plan. So I only have to worry about my Mickey Mouse themed souvenirs costing a bit more than they might have done. Otherwise, nope nothing terrible has happened.
Currencies don't typically take twenty years to recover. People say that all the time when they see a drop, but it inevitably start to go the other way and sometimes just as quick. In this case though, like the poster above, I think it could be about two years of weak sterling.
Oct 13th 2016, 7:26 am
#115
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Joined: Jan 2015
Posts: 3,520
Re: 1.26 and falling
True.
One of my American friends pointed out that the EU-USD was at 1.4 USD to the euro just a few years ago and now it's at 1.1.
The USD went through a fairly long period when it was very weak relative to other currencies but now it's strong again. Swings come and go. And it doesn't always overlap economic realities on the ground.
One of my American friends pointed out that the EU-USD was at 1.4 USD to the euro just a few years ago and now it's at 1.1.
The USD went through a fairly long period when it was very weak relative to other currencies but now it's strong again. Swings come and go. And it doesn't always overlap economic realities on the ground.
I am a UK resident and nothing terrible has happened to me since the pound started falling. It happens from time to time, but my life is in £ and there is enough competition in the UK economy for me to not worry too much about price rises. Haven't noticed anything so far either.
I am going on holiday to DisneyWorld Florida next year, my flights were bought in £, my hotel cost has been agreed in £ and I got the dining plan. So I only have to worry about my Mickey Mouse themed souvenirs costing a bit more than they might have done. Otherwise, nope nothing terrible has happened.
Currencies don't typically take twenty years to recover. People say that all the time when they see a drop, but it inevitably start to go the other way and sometimes just as quick. In this case though, like the poster above, I think it could be about two years of weak sterling.
I am going on holiday to DisneyWorld Florida next year, my flights were bought in £, my hotel cost has been agreed in £ and I got the dining plan. So I only have to worry about my Mickey Mouse themed souvenirs costing a bit more than they might have done. Otherwise, nope nothing terrible has happened.
Currencies don't typically take twenty years to recover. People say that all the time when they see a drop, but it inevitably start to go the other way and sometimes just as quick. In this case though, like the poster above, I think it could be about two years of weak sterling.
Oct 13th 2016, 7:37 am
#116
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Oct 13th 2016, 7:58 am
#117
Forum Regular
Joined: May 2016
Posts: 56
Re: 1.26 and falling
I am a UK resident and nothing terrible has happened to me since the pound started falling. It happens from time to time, but my life is in £ and there is enough competition in the UK economy for me to not worry too much about price rises. Haven't noticed anything so far either.
I am going on holiday to DisneyWorld Florida next year, my flights were bought in £, my hotel cost has been agreed in £ and I got the dining plan. So I only have to worry about my Mickey Mouse themed souvenirs costing a bit more than they might have done. Otherwise, nope nothing terrible has happened.
Currencies don't typically take twenty years to recover. People say that all the time when they see a drop, but it inevitably start to go the other way and sometimes just as quick. In this case though, like the poster above, I think it could be about two years of weak sterling.
I am going on holiday to DisneyWorld Florida next year, my flights were bought in £, my hotel cost has been agreed in £ and I got the dining plan. So I only have to worry about my Mickey Mouse themed souvenirs costing a bit more than they might have done. Otherwise, nope nothing terrible has happened.
Currencies don't typically take twenty years to recover. People say that all the time when they see a drop, but it inevitably start to go the other way and sometimes just as quick. In this case though, like the poster above, I think it could be about two years of weak sterling.
I have my doubts that international airlines and hotels can absorb the losses of maintaining their £ product prices. I think inflation is inevitable at this point.
Oct 13th 2016, 8:09 am
#118
Banned
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Location: Luton
Posts: 1,162
Re: 1.26 and falling
When will WW3 happen? I'll need to book time of work for it, no doubt it'll get rejected.
Oct 13th 2016, 10:12 am
#120
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Re: 1.26 and falling
http://www.zawya.com/mena/en/economy...3nL8N1CJ22LX2/
LONDON, Oct 13 (Reuters) - A legal bid to force the British government to seek parliamentary approval before starting the formal process of leaving the European Union began on Thursday, with ministers calling it an anti-democratic tactic to delay Brexit.
LONDON, Oct 13 (Reuters) - A legal bid to force the British government to seek parliamentary approval before starting the formal process of leaving the European Union began on Thursday, with ministers calling it an anti-democratic tactic to delay Brexit.
