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The pound
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we buy oil in dollars but when theuond is weak it costs us more ,but when the pound was strong , i think for a while it was over the $2 mark fuel didn't get any cheaper0
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The pound which has been converted to monopoly money by the government printing presses should be renamed the lira or some other worthless currency.0
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US$ 1.4598 at 6:28 this morning, but has recovered a bit since.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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it could be a good time to invest in investments that pay dividends in USD's...worldtraveller wrote: »US$ 1.4598 at 6:28 this morning, but has recovered a bit since.0 -
Sterling has fallen around 1% today to hit a 3-month low of USD1.5308 against GBP1.00.
This seems to be largely about uncertainty about how to solve the debt crisis and increasing pressure on the the Euro.
If we see a fall below USD1.5270 Sterling will be at it's weakest since July 2010.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
GBP was recently down to USD1.5245 today, so it's now the weakest it's been since July 2010. It seems to be mainly due to the weaker outlook for UK growth and inflation and the increasing likelyhood of more QE by the BOE before long.
According to the Commodity Futures Trading Commission currency speculators piled into the USD this week, while Euro shorts rose to a record 155,195 contracts.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
1984ReturnsForReal wrote: »but what we import becomes more expensive...
Which is the majority of what we buy in a supermarket.
Is it? I was in the UK again last week and it struck me how much local stuff was being sold. When you start to break it down, what exactly is imported that are regular buys from supermarkets. Some fruit, of course (but not all) and perhaps some luxury items. But the staples - meat, fish, vegetables, cleaning materials, stock basics like butter, milk, jam, spreads, cheese, ready-made meals etc - all seem to be made in the UK.0 -
And as the imported goods get more expensive it will cause people to reduce the amount they buy, or make UK sourced materials more attractively priced. That assumes that the supermarkets pass through prices increases/decreases of course!All I seem to hear is blah blah blah!0
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GBP was down to USD1.5271 earlier today, now bumping around USD1.5300There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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