In the old days, when I was in the workforce and buying stuff in foreign currency, half the job was getting a great exchange rate. I know I never saw an even exchange rate with the pound, not even in the wild and crazy '70's. And the end of every month was worse, when I had to value out the cost of all the foreign currency on hand. It was simply another part of production, like a bin of screws, and I hated the men who who waved the foreign currency flag like a real asset, to underwrite bank loans, for instance. Betting on currency is a fool's game.
Tax cuts for the rich ensure the party stays in power. The exchange rate against the euro is such that all the money we are paid in the UK and spend in France is worth 30% less than a few years ago. A Brexit non bonus.
You have to go back to 2008 for a similar exchange rate, check out the ECB statistics. When living in France I did not mind when our pension went up in Euros
What indeed? He is my MP here in Richmondshire - can't help feeling he would have been a better bet,
ReplyDeleteLooks like it.
DeleteIndeed Weave. And most odd that most MPs didn't want what we ended up with
ReplyDeleteIt's got a lot worse
DeleteIn the old days, when I was in the workforce and buying stuff in foreign currency, half the job was getting a great exchange rate. I know I never saw an even exchange rate with the pound, not even in the wild and crazy '70's. And the end of every month was worse, when I had to value out the cost of all the foreign currency on hand. It was simply another part of production, like a bin of screws, and I hated the men who who waved the foreign currency flag like a real asset, to underwrite bank loans, for instance. Betting on currency is a fool's game.
ReplyDeleteUnless it is with other people's money.
DeleteTax cuts for the rich ensure the party stays in power.
ReplyDeleteThe exchange rate against the euro is such that all the money we are paid in the UK and spend in France is worth 30% less than a few years ago. A Brexit non bonus.
No, they have blown it now. She was hoping that was the case, but she has really blown it.
DeleteYou have to go back to 2008 for a similar exchange rate, check out the ECB statistics. When living in France I did not mind when our pension went up in Euros
ReplyDeleteYour pension is now under serious threat.
DeleteA reset will eventually come about. Stability will return. It always does. For now, fasten your seat belt because it is going to be a wild ride.
ReplyDeleteA reset will come too late now. Damage has been done.
DeleteYou’ve been quiet a while
ReplyDeleteSpam ?
ReplyDeleteNot this time. Please write it again.
Delete