The drop in sterling isn't a guess, it's actually happened

The effect on trade and hence the balance of payments is a guess, though. The article only focuses on a drop in sterling meaning that we're all now "poorer"; it doesn't really explore the implications of the flipside of that, which is that our goods and services are now 15% cheaper to the rest of the world than they were

Posted By: Old Git on October 7th 2016 at 13:36:39

Message Thread

More people should understand this. Article from a week or two back (General Chat) - Tricky Hawes, Oct 7, 13:04:28
- Look out Tricky is moaning again as politics has gone against him (n/m) (General Chat) - Boris, Oct 7, 17:59:56
- The € has fallen against the $ as well, though not quite as much (General Chat) - Higher Wrather, Oct 7, 14:23:47
  - 'not quite as much' (General Chat) - Tricky Hawes, Oct 7, 14:46:17
- Who was the historian who said, when asked about the long term effects of (General Chat) - dennis moore, Oct 7, 13:48:10
  - Not a historian - was the Chinese leader Zhou Enlai (General Chat) - Tricky Hawes, Oct 7, 13:51:33
    - oi oi, Stephen Fry in da house (n/m) (General Chat) - Old Git, Oct 7, 13:55:35
    - (Actually, for completeness - the Chinese reckon it was Kissinger who asked the question, (General Chat) - Tricky Hawes, Oct 7, 13:55:12
- Nobody really knows is the bottom line and nor will they until...... (General Chat) - Kirrie, Oct 7, 13:40:06
- Good read, thanks. Where was it from? (General Chat) - Old Git, Oct 7, 13:28:44
  - FT (n/m) (General Chat) - Tricky Hawes, Oct 7, 13:31:02
    - Oh (General Chat) - Old Git, Oct 7, 13:39:11
- it's a guess (General Chat) - paulg, Oct 7, 13:26:37
  - VMT (General Chat) - CWC, Oct 7, 13:40:23
  - The drop in sterling isn't a guess, it's actually happened (General Chat) - Old Git, Oct 7, 13:36:39
    - Fat finger!...or better still, dodgy algorithms..... (General Chat) - yellowman, Oct 7, 13:56:52
      - As has been said about 4 times, ignore the volatility last night (General Chat) - Tricky Hawes, Oct 7, 13:59:03
        
        Ok,just an observation on the fickle nature of markets/money. (n/m) (General Chat) - yellowman, Oct 7, 14:04:43
    - but the FTSE 100 is through the roof - swings and roundabouts. (n/m) (General Chat) - Kirrie, Oct 7, 13:43:04
      - unless we can pay for imported goods (including raw materials) and services using shares (General Chat) - Ralf Scrampton, Oct 7, 13:49:03
        
        well it is (General Chat) - CWC, Oct 7, 14:01:19
        
        the majority of us are not in the same boat as you (General Chat) - Ralf Scrampton, Oct 7, 14:05:18
        
        not sure what boat you think I'm in (General Chat) - CWC, Oct 7, 16:19:43
        
        You don't feel poorer because it hasn't fed through into prices in the shops yet (General Chat) - Tricky Hawes, Oct 7, 16:23:11
        
        It is if you're a shareholder (or your pension fund is) (n/m) (General Chat) - Old Git, Oct 7, 13:57:17
        
        Yep. Pension funds doing very well out of it now. (General Chat) - Yellalee, Oct 7, 13:59:02
      - Sigh. This is where people need to better informed (General Chat) - Tricky Hawes, Oct 7, 13:47:39
        
        *smug face* (General Chat) - Old Git, Oct 7, 13:53:09
  - where was the guesswork in there? (General Chat) - Tricky Hawes, Oct 7, 13:35:55
    - Didn't you get the memo? Facts are so 2015. (n/m) (General Chat) - bird table, Oct 7, 14:23:42
- Haven't read all of that, but yes. (n/m) (General Chat) - APB, Oct 7, 13:05:19

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