Reply to: Pound Euro Exchange Rate Hits New Lows on Wednesday

[northernladyuk]

The concept of competitiveness is obviously as far beyond your grasp as quantum theory is past a baboon's

Yes. Imports are booming and have reached record levels!

[TestMangler]

I prefer when they were called the KLF.

They were justified and ancient rather than strong and stable though.

[Hobosapien]

There's always the IMF.

I prefer when they were called the KLF.

[northernladyuk]

Inneresting you stopped listening.

Oh hang on, you never started listening.

Thank you for your valuable contribution to the conversation.

[BrilloPad]

So nothing to do with Brexit, then?

Interesting you've stopped defending the impact on the UK's economy. Probably for the best.

Inneresting you stopped listening.

Oh hang on, you never started listening.

[OwlHoot]

How come the GBP is plunging against the euro at the same time UK publishes supposedly amazing employment statistics? ...

The concept of competitiveness is obviously as far beyond your grasp as quantum theory is past a baboon's

[northernladyuk]

Perhaps you need to speak to your buddies in the EU because it will be they who decide your fate.

So nothing to do with Brexit, then?

Interesting you've stopped defending the impact on the UK's economy. Probably for the best.

[The_Equalizer]

So the silver lining of Brexit is that it is trashing the Irish economy as well as the UK economy?

Perhaps you need to speak to your buddies in the EU because it will be they who decide your fate.

[The_Equalizer]

Did find this interesting though:

Britain is not Ireland's most lucrative EU trading partner - Belgium is

[northernladyuk]

Still won't be so good after Brexit, eh!

So the silver lining of Brexit is that it is trashing the Irish economy as well as the UK economy?

[The_Equalizer]

I know. The funny thing is that the balance of trade surplus (seasonally adjusted) for Ireland hit a record high of €5,051 million in March 2017.

Ireland Balance of Trade | 1970-2017 | Data | Chart | Calendar | Forecast

Whereas the UK’s deficit on trade in goods and services widened by £2.3 billion to £4.9 billion in March 2017. Imports increased in the month by £2.9 billion to a new record high of £53.9 billion. Exports increased by £0.6 billion to £49.0 billion. It's very odd as our Brexiteer friend s assured us that the more compeititive steling would mean that the UK would export more and import less. But it seems that importas are just costing more. Probably just international élite / EUSSR propaganda.

United Kingdom Balance of Trade | 1955-2017 | Data | Chart | Calendar

Still won't be so good after Brexit, eh!

[northernladyuk]

Says the man who lives in a country that required recent IMF 'assistance'.

I know. The funny thing is that the balance of trade surplus (seasonally adjusted) for Ireland hit a record high of €5,051 million in March 2017.

Ireland Balance of Trade | 1970-2017 | Data | Chart | Calendar | Forecast

Whereas the UK’s deficit on trade in goods and services widened by £2.3 billion to £4.9 billion in March 2017. Imports increased in the month by £2.9 billion to a new record high of £53.9 billion. Exports increased by £0.6 billion to £49.0 billion. It's very odd as our Brexiteer friend s assured us that the more compeititive steling would mean that the UK would export more and import less. But it seems that importas are just costing more. Probably just international élite / EUSSR propaganda.

United Kingdom Balance of Trade | 1955-2017 | Data | Chart | Calendar

[The_Equalizer]

Stop with the sarcasm.

Sooner or later the money men will spot the potential of UK exports of Scones, Jam and Cricket Jumpers to Canada, New Zealand and Nigeria and all these bremoaners will have to concede they were wrong.

And 'Scottish' oil. Don't forget the oil.

[TestMangler]

Meanwhile, the UK nips in with its lean and mean competitive currency and cleans up with a balance of trade surplus.

Stop with the sarcasm.

Sooner or later the money men will spot the potential of UK exports of Scones, Jam and Cricket Jumpers to Canada, New Zealand and Nigeria and all these bremoaners will have to concede they were wrong.

[The_Equalizer]

Meanwhile, the UK nips in with its lean and mean competitive currency and cleans up with a balance of trade surplus.

Says the man who lives in a country that required recent IMF 'assistance'.