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  1. #1
    Members Stat Brother's Avatar
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    Oi Mods I want credit for saving you time - The Pound is now an emerging market currency


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    https://www.ft.com/content/4fd04fd9-...1-97466f226159

    The pound is now an emerging-market currency in all but name, according to analysts at Bank of America, who say that Brexit has turned it into a mirror of the “small and shrinking” UK economy.

    In the four years since the UK voted to leave the EU, trading conditions in the pound and the big swings in exchange rates make it a better match with the Mexican peso than the US dollar, said Kamal Sharma, a currency analyst at BofA. He said that movements in the currency since the June 2016 Brexit vote have become “neurotic at best, unfathomable at worst”.
    “Melancholy is incompatible with bicycling.” James E Starrs
    Rarely serious, frequently taken seriously.
    "The Venerable Bede is full of shit".

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    • #2
      Members Bakero's Avatar
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      At least we can use our great British pounds again and not those European kilos.
    • #3
      Members nicko31's Avatar
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      Quote Originally Posted by Stat Brother View Post
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      https://www.ft.com/content/4fd04fd9-...1-97466f226159

      The pound is now an emerging-market currency in all but name, according to analysts at Bank of America, who say that Brexit has turned it into a mirror of the “small and shrinking” UK economy.

      In the four years since the UK voted to leave the EU, trading conditions in the pound and the big swings in exchange rates make it a better match with the Mexican peso than the US dollar, said Kamal Sharma, a currency analyst at BofA. He said that movements in the currency since the June 2016 Brexit vote have become “neurotic at best, unfathomable at worst”.
      Interesting...

      Been importing products for B2B customers for 3 decades now

      More and more customers are now buying in USD just fed up with sterling being so unstable.

      Sterling's slide has been a disaster for the British consumer, ultimately it erodes living standards.

      The export led boom Brexiteers promised has never materialised
    • #4
      Members Weststander's Avatar
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      Quote Originally Posted by nicko31 View Post
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      Interesting...

      Been importing products for B2B customers for 3 decades now

      More and more customers are now buying in USD just fed up with sterling being so unstable.

      Sterling's slide has been a disaster for the British consumer, ultimately it erodes living standards.

      The export led boom Brexiteers promised has never materialised
      The £ first collapsed against the € between 2007 and 2009, moving from 1.5 to virtually parity. Later recovering all too briefly with the southern Eurozone sovereign debts crisis, until those nations towed the line imposed by Germany for bailing them out.

      Gutting for me as a frequent traveller to the continent, our holidays when the rate was 1.45 to 1.5 now a distant dream.

      Click image for larger version. 

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      Currently hooked to this track https://youtu.be/phL6fDiYNJk
    • #5
      Members nicko31's Avatar
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      Quote Originally Posted by Weststander View Post
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      The £ first collapsed against the € between 2007 and 2009, moving from 1.5 to virtually parity. Later recovering all too briefly with the southern Eurozone sovereign debts crisis, until those nations towed the line imposed by Germany for bailing them out.

      Gutting for me as a frequent traveller to the continent, our holidays when the rate was 1.45 to 1.5 now a distant dream.

      Click image for larger version. 

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      Does seem like most of the first world is more expensive than the UK these days, have to watch the pennies on hols
    • #6
      Members Weststander's Avatar
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      Quote Originally Posted by nicko31 View Post
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      Does seem like most of the first world is more expensive than the UK these days, have to watch the pennies on hols
      Although not pro us joining the Euro, completely selfishly I’d have loved us to joined and in effect locked in at 1.7. The holidays I could’ve had.
      Currently hooked to this track https://youtu.be/phL6fDiYNJk
    • #7
      Members nicko31's Avatar
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      Quote Originally Posted by Weststander View Post
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      Although not pro us joining the Euro, completely selfishly I’d have loved us to joined and in effect locked in at 1.7. The holidays I could’ve had.
      Yeah, whilst a Europhile, the Euro opt out was a great one. Crazy that Greece and Germany are using the same currency
    • #8
      Members nicko31's Avatar
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      Interesting the FTSE100 largely derives its income from overseas yet Brexit has cast a long shadow over us since 2016, the rest of the world has left us behind

      One thing is for sure is the UK is cheap right now with sterling where it is. Every dog has its day, might be worth a punt. Tufton Street take note

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    • #9
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      The good news is there's a ready made bus which can be used to highlight the way the pound has gone in the last four years

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      Am I watching Brighton or Barcelona?

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