HMRC data confirms: Brexit has decimated UK exports

[NotAllThere]

June GBP 58.6 billion to GBP 61.05 billion in July.
June USD 71.7 billion to USD 71.6 billion in July.

Perhaps not good news then.

June CHF 71.9 billion to CHF 70.6 billion in July.

Still not good news.

Veteran sourced his facts from the Daily Mail, so he must be right.

[clearedforlanding]

Looking at your graph, what happened in 2009 to cause GBP to tank?
Also, you talk about GBP to EUR in 1996.
EUR was launched in 1999, and wasn’t a paper currency until 2002.

Almost like you’ve found websites that are as clueless as you.

I am afraid I must disagree with you again WTFH. Veteran sourced his facts from the Daily Mail, so he must be right.

The UK is better than the EU in simply every possible way; particularly in quality of life. GBP is strong and stable.

In such sad times of national mourning, I would encourage you to be more supportive of the Sovereign State and its currency.

You remind me of Julian Clary referring to Norman Lamont.

[WTFH]

https://fxtop.com/en/historical-exch...J=0&MM1Y=0&TR=


seems the extra dimension of the rising Dollar is confusing you, lets just compare the "racist, failed, Brexit ridden" sterling against God's own currency the Euro.

OK GBP to EUR have a look at 1996 or 2009 it went lower than now GBP to EUR that is why they are called fluctuations of course remainers blame their floppy members on Brexit so its understandable you are so confused and hurt.

Looking at your graph, what happened in 2009 to cause GBP to tank?
Also, you talk about GBP to EUR in 1996.
EUR was launched in 1999, and wasn’t a paper currency until 2002.

Almost like you’ve found websites that are as clueless as you.

[vetran]

Ah, I'm terribly sorry for my mistake.
It must be because I'm a bit of a thickie. No other explanation is possible.

https://fxtop.com/en/historical-exch...J=0&MM1Y=0&TR=


seems the extra dimension of the rising Dollar is confusing you, lets just compare the "racist, failed, Brexit ridden" sterling against God's own currency the Euro.

OK GBP to EUR have a look at 1996 or 2009 it went lower than now GBP to EUR that is why they are called fluctuations of course remainers blame their floppy members on Brexit so its understandable you are so confused and hurt.

[WTFH]

I am sorry but I cannot believe your historical FX 'facts' going back to 2015 are in any way relevant to the current situation. I find Vetran's explanation definitive.

Ah, I'm terribly sorry for my mistake.
It must be because Socialist Sleepy Joe Biden is doing a great job of turning the US around. No other explanation is possible.

[clearedforlanding]

Yes, very similar...

https://www.xe.com/currencycharts/?f...to=EUR&view=1M

€1.21 in March, €1.19 in August, €1.14 today. Practically no change at all.

Go back to August 2015 and it was €1.43. Can't think of anything that happened in 2016 onwards that would have caused the currencies to be so "similar"

I am sorry but I cannot believe your historical FX 'facts' going back to 2015 are in any way relevant to the current situation. I find Vetran's explanation definitive.

[WTFH]

Have a look at the graphs EUR & GBP are similar.

Yes, very similar...

https://www.xe.com/currencycharts/?f...to=EUR&view=1M

€1.21 in March, €1.19 in August, €1.14 today. Practically no change at all.

Go back to August 2015 and it was €1.43. Can't think of anything that happened in 2016 onwards that would have caused the currencies to be so "similar"

[clearedforlanding]

Hmm I suspect Brexit was the cause of the pound falling against the dollar to the same extent in 1985, 2001 etc?

https://www.poundsterlinglive.com/ba...gbp/GBP-to-USD

or the Euro to USD in 2000? Odd that their currency across multiple countries is more volatile the GBP?

https://fxtop.com/en/historical-exch...J=0&MM1Y=0&TR=

When was Swexit 2000?

https://fxtop.com/en/historical-exch...J=0&MM1Y=0&TR=


To quote one of the few things SASGoo got right "correlation is not causation".

I like the way you get so emotional about it all.

USD is on the rise it buys 20% more Euros and pounds than it did a few years ago. Have a look at the graphs EUR & GBP are similar.

A very well presented and referenced argument thank you. You continue to reassure me that none of the economic problems in this country are due to Brexit.

[vetran]

August 2019, £61.05b = $75b
July 2022, £61.05b = $71b

So, due to GBP tanking, we can sell the same amount in GBP, but it's still a 5% reduction on the global market.

Glad you think that a shrinking economy is something to rejoice over.

Hmm I suspect Brexit was the cause of the pound falling against the dollar to the same extent in 1985, 2001 etc?

https://www.poundsterlinglive.com/ba...gbp/GBP-to-USD

or the Euro to USD in 2000? Odd that their currency across multiple countries is more volatile the GBP?

https://fxtop.com/en/historical-exch...J=0&MM1Y=0&TR=

When was Swexit 2000?

https://fxtop.com/en/historical-exch...J=0&MM1Y=0&TR=


To quote one of the few things SASGoo got right "correlation is not causation".

I like the way you get so emotional about it all.

USD is on the rise it buys 20% more Euros and pounds than it did a few years ago. Have a look at the graphs EUR & GBP are similar.

[NotAllThere]

Exports of goods and services from the UK rose by 4.2% from a month earlier to GBP 61.05 billion in July of 2022

June GBP 58.6 billion to GBP 61.05 billion in July.
June USD 71.7 billion to USD 71.6 billion in July.

Perhaps not good news then.

[WTFH]

We are back to August 2019 levels 61.05 Billion not quite at the panic buying levels of Dec 2019 but heading that way. When that happens will all you remoaners admit you were wrong?

August 2019, £61.05b = $75b
July 2022, £61.05b = $71b

So, due to GBP tanking, we can sell the same amount in GBP, but it's still a 5% reduction on the global market.

Glad you think that a shrinking economy is something to rejoice over.

[vetran]

I'm sure vetran will be along shortly to "fact check" the article.

Why not its a service you lot obviously need. The number of business is clearly presented as an estimate. Export value is actually recorded.

https://tradingeconomics.com/united-kingdom/exports

Exports of goods and services from the UK rose by 4.2% from a month earlier to GBP 61.05 billion in July of 2022, amid increases to both the EU (7.9%) and non-EU countries (6.4%). At the same time exports of services were up 0.6%. Within goods, sales grew primarily for machinery & transport equipment (7.1%), fuels (13%), material manufactures (7.1%), chemicals (5.9%), beverages & tobacco (10.4%) and food & live animals (7.1%). source: Office for National Statistics

We are back to August 2019 levels 61.05 Billion not quite at the panic buying levels of Dec 2019 but heading that way. When that happens will all you remoaners admit you were wrong?

Maybe all those businesses that exported to the EU have changed to exporting to USA?

[DealorNoDeal]

I'm sure vetran will be along shortly to "fact check" the article.

[pr1]

point of note (from clicking into the article) - the headline 33% drop reported is the reduction in the number of businesses exporting, it doesn't mention anything about value of exports - though presumably there will be some level of correlation

[clearedforlanding]

It is worse than decimated. Decimated is 10% - the actual figures are 33% from 2020 - 2021, Think about that 2020, was peak lockdown.

https://www.thelondoneconomic.com/ne...xports-335181/