Hmm, pound is looking a bit scary today!

DecentLivingWage

Hmmmn... thanks for that ..... I wonder what the Road Hauliers are doing...

grizzly1911

DecentLivingWage wrote: »

Hmmmn... thanks for that ..... I wonder what the Road Hauliers are doing...

At some point adding it to the bill we all pay.

Graham_Devon

Petrol increased 5p since this thread was started.

AA president Edmund King said: “A weaker pound has probably contributed around 2p a litre to the increase, but the rest is pure refiner and speculator activity.”

purch

Graham_Devon wrote: »

Petrol increased 5p since this thread was started.

Do you live opposite a Petrol Station, with a huge neon sign that keeps you awake all night :eek:

sabretoothtigger

General trend around New year I was seeing Sterling topped out . Not sure I see a bottom yet, others are saying this is a multi year failure so 2009 low possible.
People that noticed the petrol prices rising sharply I think are most aware this is not good. We are stuck on repeat mostly, dollar is no angel either

sabretoothtigger wrote: »

Sterling is at the same horizon peak its kept since it fell in 2008. A breakout upwards here would be nice to see otherwise its more of the same

Do you live opposite a Petrol Station, with a huge neon sign that keeps you awake all night

Anyone who likes low supermarket food prices should have paranoia.
Get friendly with the local farmers shop, long term they could become more important if transport gets expensive?

worldtraveller

GBP currently down another 0.25% today against USD to around 1.5450 which is still about 1.5 cents above last years low of the 16th January (USD1.5309).

Generali

It's within normal trading ranges. I'm not sure where this fear is coming from.

Look at a 5 year chart of GBP/USD. There's a one off repricing down from very high levels of $1.90 to $2.00 and then a fluctuation between about $1.50 and about $1.60. This is just a continuation of that fluctuation.

shortchanged_2

Generali wrote: »

It's within normal trading ranges. I'm not sure where this fear is coming from.

Look at a 5 year chart of GBP/USD. There's a one off repricing down from very high levels of $1.90 to $2.00 and then a fluctuation between about $1.50 and about $1.60. This is just a continuation of that fluctuation.

The problem is though Gen is that we are going to start heading down the road of higher fuel costs again and their knock on effect. Merv has more or less admitted this with his recent forecast of higher inflation over the coming year. Not good news for the UK economy really.

Harry_Boyle

purch wrote: »

Do you live opposite a Petrol Station, with a huge neon sign that keeps you awake all night :eek:

IIRC, GD lives miles away from work and so any movement in petrol prices impacts him significantly. Rather than try and aleviate or indeed eliminate this issue by either moving closer to work (and then walk or cycle) or get a job closer to his home (and then walk or cycle) or move to a place with decent public transport links, he prefers to stay put and moan about his lot on an obscure forum whenever prices rise.

A lot of people on internet forums seem to do this. The solution to their problems are quite straightforward, but they seem unable to take the necessary steps to help themselves. Perhaps they just like to moan?

shortchanged_2

Harry_Boyle wrote: »

IIRC, GD lives miles away from work and so any movement in petrol prices impacts him significantly. Rather than try and aleviate or indeed eliminate this issue by either moving closer to work (and then walk or cycle) or get a job closer to his home (and then walk or cycle) or move to a place with decent public transport links, he prefers to stay put and moan about his lot on an obscure forum whenever prices rise.

A lot of people on internet forums seem to do this. The solution to their problems are quite straightforward, but they seem unable to take the necessary steps to help themselves. Perhaps they just like to moan?

Would you be happy if interest rates started to rise?