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Showing posts with label pound. Show all posts
Showing posts with label pound. Show all posts

Tuesday, 21 February 2017

Exchange rates

It is my view that the Euro will lose value this year so the UK Pound will buy more Euros. Of course, I could be entirely wrong! The reasons for thinking this are:
  • Greek debt is still a big issue and there will be fewer nations able to bail them out.
  • Several nations are disillusioned with the Euro project and are worried by totally free movement within the EU.
  • Several nations are in favour of tariff-free borders to trade but are nervous of ever closer integration.
  • I think the UK will show the world it can succeed outside of the EU.
No, several things point to an improved exchange rate. As for the US Dollar and the Japanese Yen I am less clear.

Tuesday, 17 January 2017

EU and the UK pound

Since the Prime Minister clarified our position on leaving the EU following the BREXIT vote, I see that the UK pound is up against every currency. I guess people had already factored in that we are leaving the EU and are happy to have some certainty now.

Although I have said this before, it would not surprise me if the Euro lost a lot of value this year. The EU is in grave danger of falling apart.

I voted to "remain" in the EU, but many nations want free trade but NOT a United States of Europe. France is France. Germany is Germany, etc..  National identity IS important.  Originally the EU was about maintaining peace in Europe, but it has grown a lot in recent years and has rather lost its way.  Basically I think the EU is "a good thing" but it must not be a "gravy train": it should serve the people of Europe.

See http://www.bbc.co.uk/news/business/market_data/currency/default.stm .

Sunday, 14 August 2016

UK Pound

At the moment, the UK pound seems to have stabilised since we voted to leave the EU. The value (about 10% lower) should work in favour of exporters, although less so if their raw materials are imported.

Imports become more expensive.  Does this mean we will buy more UK food like UK bacon? At the moment we import far more than we need.

See http://www.bbc.co.uk/news/business/market_data/currency/default.stm .

Wednesday, 28 January 2015

Euros

I continue to be puzzled by the Euro and the fact that so many different economies have been prepared to share the same currency when their underlying economic strengths are so different. Take for example Germany and Greece whose economies are poles apart. At the present time the Pound to Euro exchange rate is very favourable. One pound Sterling buys about 1.33 Euros. Greece has said today it will not default on its loans,but how will it pay its debts?

Tuesday, 18 March 2014

Fake coins

Apparently 3% of  pound coins in circulation are fakes i.e. forgeries. Next year (2017) a new 12-sided 1 pound coin is to be introduced to all but eliminate fakes. Not sure if the 2 pound coin is being replaced too?

See http://www.bbc.co.uk/news/uk-politics-2663286 .

http://news.bbcimg.co.uk/media/images/73667000/jpg/_73667988_73667987.jpg