Is the £ being kept low? If so, why?
05 February 2013, 03:22 PM
#1
Is the £ being kept low? If so, why?
After Cam-Moron's announcement of a referendum on Europe last week, the £ lost almost €0.10c overnight, falling from €1.225 to a low of €1.135.
Is the idea to keep the £ low?
If so why?
I can't see it as we are a nett IMPORTING country, so this makes our balance of payments worse.
Plus, if the £ is low, doesn't that make it a LESS attractive investment?
What's going on?
Is the idea to keep the £ low?
If so why?
I can't see it as we are a nett IMPORTING country, so this makes our balance of payments worse.
Plus, if the £ is low, doesn't that make it a LESS attractive investment?
What's going on?
05 February 2013, 03:31 PM
#2
Scooby Senior
iTrader: (1)
Join Date: Nov 2000
Location: Wildberg, Germany/Reading, UK
Posts: 9,706
Likes: 0
Received 73 Likes
on
54 Posts
After Cam-Moron's announcement of a referendum on Europe last week, the £ lost almost €0.10c overnight, falling from €1.225 to a low of €1.135.
Is the idea to keep the £ low?
If so why?
I can't see it as we are a nett IMPORTING country, so this makes our balance of payments worse.
Plus, if the £ is low, doesn't that make it a LESS attractive investment?
What's going on?
Is the idea to keep the £ low?
If so why?
I can't see it as we are a nett IMPORTING country, so this makes our balance of payments worse.
Plus, if the £ is low, doesn't that make it a LESS attractive investment?
What's going on?
05 February 2013, 03:49 PM
#3
The Euro was buoyed by the recent news of the larger than expected payment of european banks' loans back to the ECB.
Last edited by ReallyReallyGoodMeat; 05 February 2013 at 04:28 PM.
05 February 2013, 04:05 PM
#4
Scooby Regular
Join Date: Jan 2004
Posts: 4,207
Likes: 0
Received 0 Likes
on
0 Posts
If Spain collapses and the EURO drops will the pound drop by the same margins in a knock on effect? I can only assume people think it will otherwise the EURO looks a very dangerous way to hold cash. If Spain has a wobble, France could go not long after then the **** hits the fan.
06 February 2013, 03:42 PM
#7
The Bank is talking down the Sterling to make our exports more competitive and to move the emphasis away from an economy driven by domestic consumers, because on the face of it, consumers aren't spending their money.
Last edited by jonc; 06 February 2013 at 03:43 PM.
Trending Topics
07 February 2013, 12:03 PM
#10
Scooby Regular
Join Date: Mar 2004
Posts: 774
Likes: 0
Received 0 Likes
on
0 Posts
Our exports become alot cheaper, which helps what is left of our manufacturing base.
Also get more tourists visiting, and more people holidaying at home which helps the UK economy.
Also get more tourists visiting, and more people holidaying at home which helps the UK economy.
Thread
Thread Starter
Forum
Replies
Last Post
Wingnuttzz
Member's Gallery
30
26 April 2022 11:15 PM