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Pound and Oil at seven-month high

24567

Comments

  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Joeskeppi wrote: »
    Drinks on you then, mine's a pint.

    HaHa, no problem, pop down to the sky bar on friday night and I'll buy you a pint

    www.worldsbestbars.com/city/kuala-lumpur/sky-bar.htm
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Really2 wrote: »

    As for the spring/sumer 2008 what are you on about our currency did not strengthen then?

    pick your self up and try again.:D

    Did I say it did? News to me :)
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    Did I say it did? News to me :)


    Now I remember why I don't post.:rolleyes:

    So what will imports do on a rising £ graham? Let me know as our company is a slave to the $ exchange and you seem to know somthing!
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    purch wrote: »
    One of those is good news.

    I can't quite work out which one.

    For those that import $ exchange rate improves margins.

    Though not good for exports.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Really2 wrote: »
    I noticed Shell near me dropped diesel down to 99.9p this weekend from 101.9p

    QUOTE]

    Has demand for diesel dropped as HGV's have been laid up due to lower activity?
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »

    Has demand for diesel dropped as HGV's have been laid up due to lower activity?

    Definatly the gap between Diesel and petrol as shortened drasticaly over the year.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    No I didnt.

    As fuel goes up, it goes up throughout the world, dearest    . Not just in the UK. Which means, we will be paying more for the import in the first place thanks to the rise in costs to keep crops growing.
    p :)

    As fuel goes up, it goes up throughout the world, dearest

    I would have thought that USD was weakening against most currencies thus mitigating oil price rises throughout the world.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • wolvoman
    wolvoman Posts: 1,183 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Graham_Devon wrote: »
    Remember spring/summer 2008? Did our high exchange rate protect us from increasing rises? No.

    Petrol was about £1.20 a litre at the peak last year Graham whilst the £:$ rate was about 1:2. If the rate was $1.60 as now then petrol would have cost around £1.35 a litre.

    So yes, the high exchange rate did protect us.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    wolvoman wrote: »
    Petrol was about £1.20 a litre at the peak last year Graham whilst the £:$ rate was about 1:2. If the rate was $1.60 as now then petrol would have cost around £1.35 a litre.

    So yes, the high exchange rate did protect us.

    He is not having a good day is he icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    Oil moving up is obvious, there will be volatility until the recession is behind us, but when it is, look for $200 by 2012, peak oil is here folks like it or not, no one in power seems to be able to see the elephant in the room, or maybe they can and don't have clue how to deal with it, so hope ignoring it means it will go away, unfortunately like everything else in life, burying your head in the sand won't help.
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