Why is the £ doing so poorly against the $ and €?

bear66

bear66

Well-known member
This is a worldwide issue so what's different about our economy compared with Europe and the USA? I can understand people putting their hope in the dollar but why the Euro?
 
not currencies again ! - They are transitory. They very rarely if ever reflect a valuation of a country's politics.
What is more interesting is the state of the US stock market. The last 3 years pre virus Trump has made a big thing about the big advancement of the US stock market indicies being an endorsement and a reflection of his masterful handling of the economy.

Now that has all but disappeared. He will now have to come up with a plausible explanation why the opposite is true before November
 
Well the rest of the world prefers their currency to be transitory downwards and spend a lot trying to do it. Why do you think that might be ?

Out of interest why do you personnally want a strong pound ?
 
They haven't any concerns over consumers' interests, which we all are. Virtually all my higher priced purchases have been imported manufactured goods over the last three years. Probably cost me at least £4000 so far not including £2000 for three holidays.

I haven't heard any country happy about their currency weakening except those politicians grasping at straws for an ill-conceived referendum.
 
So with some basic maths you have spent 20 grand on imported items and 2k on hols. I hope you consider yourself fortunate to have the means to do so.
On the other side of the coin maybe some businesses have been able to thrive , making good profits exporting and keeping the less fortunate in good paid employment.
 
They kept the RMB overvalued from the 70s until 2015 when they freed it's link to the dollar (they went a little that way in 2005). Not completely but at a rate it could cope with as it devalued.

All of our business in China was in dollars from 1977, as most western companies, so they could do little else but peg to the dollar.
 
HundredRoom said:
So with some basic maths you have spent 20 grand on imported items and 2k on hols. I hope you consider yourself fortunate to have the means to do so.
On the other side of the coin maybe some businesses have been able to thrive , making good profits exporting and keeping the less fortunate in good paid employment.
Click to expand...
I am very fortunate but it was a motorcycle and camera (semi-professional use).

I have had three foreign holidays in 30 years. They just happen to be since I retired.
 
You are too old to be gallivanting around on motorbikes

Always fun and educational sparring with you bear - stay safe.
 
we've been too slow to respond and not equipped to respond efficiently anyway due to years of cuts, loss of hospital beds and necessary equipment and shortage of nurses and doctors....plus no confidence in our Government to deal with it
 
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