davemercedes
Senior Member
- Joined
- Jun 15, 2012
- Messages
- 4,345
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- Glos
- Your Mercedes
- 2007 Merc 220 CDi Est Auto Av (s203)
Hold on and think about it... and if you have better answers let's have them: -
- The pound fell like a stone the day after the Brexit vote.
- The pound has still not recovered and is running at around 20 percent less than before the vote.
- That sums up the worldwide opinion of UK commercial strength
- Fuel - Petrol/Diesel etc is priced in US-dollars
- Since the pound fell as above, fuel costs more although we had a small respite because the dollar has been hit (but not enough to bring us back to where we were).
- Falls in the £ have been almost as bad overall against the Eurozone. Friday 21 July - Cardiff airport (yes, I know it's the worst place to change money!): But in any case the rate offered may be the worst ever foreign exchange rates at British airports – in one case, just 88 euro cents for a pound.
- "Wise men" have posted back to me that currencies go up and down all the time.
- The up side sure is a long time coming!
- Then they say export companies are doing very well (and we're all supposed to be happy while subsiding them!).
- But unfortunately it's not true:
- British factories were left out of a demand-driven surge in activity across much of Asia and Europe in June, as weakness isterling failed to translate into export growth, surveys showed.
- But factories in the euro zone rounded off the first half of 2017 by ramping up at their fastest rate for over six years...
- But British manufacturing grew more slowly than anyone polled by Reuters expected as consumers faced the double-hit of accelerating inflation - caused in large part by the fall in the pound since last year's vote to leave the EU - and slowing wage growth.
- Meanwhile we have inflation now at 2.9% with rising prices becoming our new "feature" despite the efforts to hide it under the "pay more, get less" trick of "shrinkflation" (recently tracked down to 2500 items!