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Showing posts with label exchange rate. Show all posts
Showing posts with label exchange rate. Show all posts

Tuesday, 21 February 2017

Exchange rates

It is my view that the Euro will lose value this year so the UK Pound will buy more Euros. Of course, I could be entirely wrong! The reasons for thinking this are:
  • Greek debt is still a big issue and there will be fewer nations able to bail them out.
  • Several nations are disillusioned with the Euro project and are worried by totally free movement within the EU.
  • Several nations are in favour of tariff-free borders to trade but are nervous of ever closer integration.
  • I think the UK will show the world it can succeed outside of the EU.
No, several things point to an improved exchange rate. As for the US Dollar and the Japanese Yen I am less clear.

Sunday, 14 August 2016

UK Pound

At the moment, the UK pound seems to have stabilised since we voted to leave the EU. The value (about 10% lower) should work in favour of exporters, although less so if their raw materials are imported.

Imports become more expensive.  Does this mean we will buy more UK food like UK bacon? At the moment we import far more than we need.

See .