[Merged]Brexit stuff

[LondonManc]

the way he screws around how about 'two Slags?'

Better chance with him of having a Jezza as PM?

[vetran]

So we might as well join the euro then.

I'm sure they will let Scotland join the Euro, you may make Greece look prosperous though.

[scooterscot]

I'm sure they will let Scotland join the Euro, you may make Greece look prosperous though.

Just because neither country does not have it's own printing press

[northernladyuk]

I'm sure they will let Scotland join the Euro, you may make Greece look prosperous though.

I've instructed the old man, MF and the other girls only to take Euros, Dollars and Swissies now. But we have a fairly international clientele down the docks.

[The_Equalizer]

Isn't the FTSE100 a whisker away from an all time high?

[tomtomagain]

Isn't the FTSE100 a whisker away from an all time high?

Yes. But mainly because the £ is at a 30 year low.

[The_Equalizer]

Yes. But mainly because the £ is at a 30 year low.

So basically the FTSE 100 is telling me that the softening of Sterling is good for UK business? Oh, and it's not a 30 year low across the board, just the dollar.

[tomtomagain]

So basically the FTSE 100 is telling me that the softening of Sterling is good for UK business? Oh, and it's not a 30 year low across the board, just the dollar.

Well the FTSE 100 is telling you that sterling is declining. It's not telling you whether it is good or bad for business. Oil companies for example earn all their income in dollars. Their share-price fluctuates dependent on the $/£ rate. Regardless of how their underlying business is doing.

Obviously a lower exchange rate gives competitive advantage to exporters ( which is why China has been manipulating its currency for decades )
but the flip side to that is that anything priced in $ is going up in price.

Someone, somewhere, along the supply chain is currently taking the hit. It doesn't seem to be the UK consumers, it's either the retailers or the manufacturers.

So far we've not seen any imported inflation. I would expect to see some movement in that direction within the next few months.

A lot of it depends on the individual companies and the agreements they have signed with suppliers. So for example if Tesco has a fixed-price agreement with a T-Shirt supplier for the next 24 months, the price of T-Shirts will stay the same.

[northernladyuk]

So basically the FTSE 100 is telling me that the softening of Sterling is good for UK business? Oh, and it's not a 30 year low across the board, just the dollar.

Is it UK business that is doing well or international business?



Edit: Blue line shows FTSE 100 GBP value, white line shows FTSE 100 USD value, purple line shows GBP to USD:

[NotAllThere]

...Oh, and it's not a 30 year low across the board, just the dollar.

And the Swiss Franc.