Reply to: Rising cost of Brexit leaves UK households with less cash for treats

[GB9]

For those not familiar with currency hedging.



HTH BIDI

Looks like I upset the peasants again.

Nice hedges btw.

[DimPrawn]

https://en.wikipedia.org/wiki/Foreign_exchange_hedge

I was actually hoping you'd understand, with all that 20 years trading experience it should be trivial to understand what word "hedging" means within the context of imports into country with volatile (even falling) currency.

For those not familiar with currency hedging.



HTH BIDI

[MarillionFan]

Food isn't stuff. Lidl won't be bankrupting me for a while yet...

Come Brexit, they'll be first on the boat.

[darmstadt]

I don't have any BTLs.

Liar...

[AtW]

Sterling forward rates - nobody (almost) even wants to offer hedging beyond March 2017!

British Pound Futures (GBP/USD) Quotes - CME Group

DOOMED!!!

[AtW]

And having worked with several companies with global exports, including the current client, i'm pretty sure I know more about importing and exporting than you can dream of.

You are massively out of your depth, yet again.

That's good to know, thanks for sharing.

[GB9]

https://en.wikipedia.org/wiki/Foreign_exchange_hedge

I was actually hoping you'd understand, with all that 20 years trading experience it should be trivial to understand what word "hedging" means within the context of imports into country with volatile (even falling) currency.

And having worked with several companies with global exports, including the current client, i'm pretty sure I know more about importing and exporting than you can dream of.

You are massively out of your depth, yet again.

[AtW]

It's called hedging? WTF are you on about? Do you think you can get away with talking tulipe by trying to use a few semi-technical words that you hope others won't understand?

As I've been trading markets for over 20 years it's easy to identify you are talking absolute bull-tulipe.

https://en.wikipedia.org/wiki/Foreign_exchange_hedge

I was actually hoping you'd understand, with all that 20 years trading experience it should be trivial to understand what word "hedging" means within the context of imports into country with volatile (even falling) currency.

[AtW]

I suspect the only person suffering next year will be you as the new BTL regs start to bite.

I don't have any BTLs.

[GB9]

Typical Brexit cretin - does not thing about the very near future and enjoys good weather now - them low Xmas prices, all is peachy!

I suspect the only person suffering next year will be you as the new BTL regs start to bite.

[GB9]

It's called hedging

Long hedges can be very expensive - given downside to sterling that would add extra cost even if sterling goes up, which it won't.

Given that we have total muppets in charge I expect to see another 10% next year

It's called hedging? WTF are you on about? Do you think you can get away with talking tulipe by trying to use a few semi-technical words that you hope others won't understand?

As I've been trading markets for over 20 years it's easy to identify you are talking absolute bull-tulipe.

Out of all the loser muppets we have on here you probably are the thickest idiot. Even assguru doesn't come close to you.

[AtW]

Bless AtW for he is worried about his btl empire.

I bought a load of stuff just before Xmas and was amazed how cheap everything was.

Still, good story.

Typical Brexit cretin - does not thing about the very near future and enjoys good weather now - them low Xmas prices, all is peachy!

[AtW]

Interesting that the euro owned chains seem to have managed to keep their food prices the same or lower. The UK companies have dropped their prices on many products.

It's called hedging

Long hedges can be very expensive - given downside to sterling that would add extra cost even if sterling goes up, which it won't.

Given that we have total muppets in charge I expect to see another 10% next year

[AtW]

On what basis do they see themselves being poorer?

On the basis of having less money in their pockets, by end of January plenty of people on here should feel the sting from higher divi taxes - by having to prepay more on account

[TestMangler]

Imported goods WILL rise in price because of the weakness of the pound. That already happened at a wholesale/distribution level before xmas. Still, good old UK manufactured goods should be fine, unless they use commodities traded in dollars to manufacture them. That ignores the fact that nothing is actually made in the UK anyway