How the pound (UKP) is sliding
Discussion
Hello all finance wizards!
Is this slide into oblivion planned by the treasury in an effort to boost export sales, and therby help the UK economy back onto it's feet ?
Or is it that the rest of the world just see the UKP as a currency 'not worth having' any more.
Or is there another reason the wizards on here would like to let me in on.
Is this slide into oblivion planned by the treasury in an effort to boost export sales, and therby help the UK economy back onto it's feet ?
Or is it that the rest of the world just see the UKP as a currency 'not worth having' any more.
Or is there another reason the wizards on here would like to let me in on.
It's deliberate, and calculated to:
1) Increase exports and decrease imports.
2) Stop savers saving, and entice them to spend.
3) Stop families leaving the country and spending holiday money in another country by effectively stranding them her.
All of these have been confirmed by various Gov sources.
1) Increase exports and decrease imports.
2) Stop savers saving, and entice them to spend.
3) Stop families leaving the country and spending holiday money in another country by effectively stranding them her.
All of these have been confirmed by various Gov sources.
Cpn Jack Spanner said:
It's deliberate, and calculated to:
1) Increase exports and decrease imports.
2) Stop savers saving, and entice them to spend.
3) Stop families leaving the country and spending holiday money in another country by effectively stranding them her.
All of these have been confirmed by various Gov sources.
Hmm. So you tink George Soros (among others) shorted the pound at the request of the government?1) Increase exports and decrease imports.
2) Stop savers saving, and entice them to spend.
3) Stop families leaving the country and spending holiday money in another country by effectively stranding them her.
All of these have been confirmed by various Gov sources.
That Winky chap is certainly devious. We've shafted Europe on this, that's for sure....
Weak ££ will bring Britain out of a recession maybe slower, but with better long term prospects. It's a boost for industry within the country, as has already been mentioned.
We were already exporting to Europe (a bit) before the massive fall, but that's now a huge part of our business. We're only tiny, but bringing in a fair few Euros to the UK economy in terms of % of our turnover.
Weak ££ will bring Britain out of a recession maybe slower, but with better long term prospects. It's a boost for industry within the country, as has already been mentioned.
We were already exporting to Europe (a bit) before the massive fall, but that's now a huge part of our business. We're only tiny, but bringing in a fair few Euros to the UK economy in terms of % of our turnover.
Cpn Jack Spanner said:
It's deliberate, and calculated to:
1) Increase exports and decrease imports.
2) Stop savers saving, and entice them to spend.
3) Stop families leaving the country and spending holiday money in another country by effectively stranding them her.
All of these have been confirmed by various Gov sources.
'1) Increase exports and decrease imports.
2) Stop savers saving, and entice them to spend.
3) Stop families leaving the country and spending holiday money in another country by effectively stranding them her.
All of these have been confirmed by various Gov sources.
'
This is among the ideas I have.
As a person who knows so little about the 'wheels of finance' I can see that my savings over the 35 years that I have worked hard for, are giving me next to nothing in return.
Just like you say above, this 'pound slide' makes our export goods look very attractive to almost every country in the world.
I am sure our friends across the pond are having a great time, (well the ones who have money) buying stuff here in UK for low priced exchange.
Or to the Americans, are our goods still more expensive here than there in the U.S. ?
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