Off Topic The Politics Thread
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I did, the commentators indicated that due to the NFL game, this town hall style debate was likely viewed by a larger female audience. Trump never apologized for his much publicised "locker room" comments and quickly switched questions on that topic over to ISIS, then Bill Clinton - now those really bad guys he said. Hillary took the high road on the locker room comments, but Trump managed some swipes at her private email server, deleted emails, Bill Clinton infidelities, Libya, her Wall Street speaking notes disclosed on wikileaks etc.
Normally I would agree but this spectacle has been going on now for over a year and its got repetitive and really boring.
Many travellers buying foreign currency at the UK's airports are now receiving less than one euro to the pound.
The continued fall in sterling's value means that the average rate available at 17 airport bureaux de change is now just 99 euro cents to the pound.
The worst rate is currently 88 euro cents at Moneycorp at Southampton airport and the best is €1.06 from the Change Group at Glasgow Prestwick.
Since the UK's Brexit vote in June, the pound has fallen sharply in value.
The average US dollar rate at the airports is down to $1.08 to the pound.
The continued fall in sterling's value means that the average rate available at 17 airport bureaux de change is now just 99 euro cents to the pound.
The worst rate is currently 88 euro cents at Moneycorp at Southampton airport and the best is €1.06 from the Change Group at Glasgow Prestwick.
Since the UK's Brexit vote in June, the pound has fallen sharply in value.
The average US dollar rate at the airports is down to $1.08 to the pound.
Well a decent speech will make that OK prior to Black Friday next month
I expect the pound to drop a lot more and have just transferred a load to my French bank account ... Swings and roundabouts and no biggy
You only need enough and I bet Euro travellers will still travel as much as they do
just make sure to get foreign currency from the bank and dont leave it till you get to the airport
and if you bring some back from your 2 weeks on the beach dont cfhange it back as soon as you gtet off the plane
and if you bring some back from your 2 weeks on the beach dont cfhange it back as soon as you gtet off the plane
These sharp FX movements are always reported by the doom 'n' gloom merchants as though it's great news for Helmut, Francois and Juan whilst being ****sville, Arizona only for the Brits. They're also reported as if they're here to stay, rather than being peaks or troughs. Yes, of course, the new norm may not be as lucrative for some as what went before, but I'm willing to bet that these poor rates won't remain for the long term; there will be some recovery.
Do we really think that Helmut, Francois and Juan (particularly Helmut) will be happy with the new rates for the longer term, particularly when the Brits buy fewer Mercs, Renaults and sombreros? These rates will be good for British exports, not only to the Continent, but also further afield. Perhaps we'll spend more of our hard-earned at home instead of swapping it for figaros, which can only be good news for our fellow countrymen.
P.S. All of this may lead to the Bank of England raising interest rates sooner than previously planned - they should never have lowered them further t'other month in my humble opinion - which ain't necessarily a bad thing either.
Do we really think that Helmut, Francois and Juan (particularly Helmut) will be happy with the new rates for the longer term, particularly when the Brits buy fewer Mercs, Renaults and sombreros? These rates will be good for British exports, not only to the Continent, but also further afield. Perhaps we'll spend more of our hard-earned at home instead of swapping it for figaros, which can only be good news for our fellow countrymen.
P.S. All of this may lead to the Bank of England raising interest rates sooner than previously planned - they should never have lowered them further t'other month in my humble opinion - which ain't necessarily a bad thing either.
Looks like Cornwall for me next year then. That's £1000 the French won't be getting but local English business
Economics 101 Ubes. Uneccessary I know for a financial whizz kid like you.
Currency devaluation drives up cost of imports which either increases inflation or reduces profitability in the supply chain.
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There is a sweet spot for inflation which will be driven by devaluation, coupled with proper interest rates, but I fear that the violent moves we have been seeing and the current attitude to interest rates won't help us find it. Cutting the level of 'luxury' imports is good, but given that we import nearly half of our food (which will also be possibly subject to WTO tariffs - 40% on meat, I have just learned on the news, at least until we get other deals in place), everyone will feel the pinch. Especially those on low, fixed incomes.
The £ was probably due a bit of rebalancing. I just like wittering on about the (potential) negatives of Brexit, as you may have noticed. We have grown far too used to cheap food prices in particular, it would do me no harm to think twice about the cost of a bottle of balsamic vinegar. We could also do with a hefty decline in property prices, though that would **** up my retirement plans.
Here's one for all the Leave voters that are so keen on the will of the people prevailing. How many voted in the referendum to leave the Single Market (hard Brexit)? Let's say that 10% of Leave voters wanted to stay in the Single Market. That's 5% of the vote. If you add that to the 48% who voted Remain, that's a clear majority for staying in the Single Market.
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heres one for all the remain voters
not enough of you could be arsed to bother to vote
Or they could have all been getting arsed and didn't have time to vote!
can one of the financial experts explain why the footsie is near an all time high whilst the poor old pound is going down quicker than the titanic
apparently the pound turned to **** in 2008 but recovered
FTSE 100
As of 22:46 10 October 2016 - Market closed
index value 7097.5 index change: 53.11 index change percentage: up 0.75%
Open
7044.39
Previous close
7097.50
52 week high
7104.49
52 week low
5536.97
apparently the pound turned to **** in 2008 but recovered
FTSE 100
As of 22:46 10 October 2016 - Market closed
index value 7097.5 index change: 53.11 index change percentage: up 0.75%
Open
7044.39
Previous close
7097.50
52 week high
7104.49
52 week low
5536.97
Pound is going down even while the Results coming out of the UK are mainly good because investors don't know what Brexit means but it looks a terrible financial decision, now being compounded and causing the further fall in the Pound, because the fears are made worse by the Government indications the UK will leave the free market. This is is causing big concern out here in the East as the UK is often big industry's entry point to Europe. Companies providing work considering pulling out of the UK and moving to Continental Europe. And causing further pressure on the Pound. Financial centre London may face competion from other cities in Europe. May and her loonies need to sort quick. Europe is not falling apart and won't for a long while yet. The UK may well lose Scotland.
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Because with low/zero interest rates, bonds/gilts on the slide, there is nowhere else for savers to put their money and hope for a return. Plus 75% of the profits made by FTSE companies are generated abroad and reported in £, a lower £ makes increases their profits. It's a sign of lack of choice, not confidence, in my opinion.