Author Topic: YO Brits  (Read 4500 times)

Mackin USA

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Rupert

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Re: YO Brits
« Reply #1 on: October 05, 2016, 01:13:48 PM »
imho that article misses the point that for foreign companies it is even better to produce in the UK than it was 6 months ago.  So despite those like Nissan and Toyota talking about "will they stay?", they will be making more money on their cars now, than they were in the days that it was $2 to £1. (Toyota continued to manu car through out that period. )

So yes imports are going up, and (Where I buy direct) then yes, I have passed it on to the customer.

But where I buy wholesale, most  those prices increases have to been passed on to me yet, and where they have then I have as a retailer absorbed it. That's because the wholesaler has also taken some of the hit, I think.

So overall, holidays hurt, but manufacturing is still set to grow.  I was talking to a manufacturer of small locks the other day, and he was very positive about the future.  It's an opportunity.

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gm66

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Re: YO Brits
« Reply #2 on: October 05, 2016, 01:40:58 PM »
Civilisation is a race between disaster and education ...

BoL

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Re: YO Brits
« Reply #3 on: October 05, 2016, 02:11:59 PM »
It does seem like there's more optimism about how it'll pan out, I suppose it does depend a lot on a deal with the EU and trade deals elsewhere.

There isn't much good news coming out of the rest of the world, good to see the large EU economies growing though.

Rupert

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Re: YO Brits
« Reply #4 on: October 05, 2016, 02:48:11 PM »
Quote
does depend a lot on a deal with the EU
  Agreed.

Every-time I wonder about that, I think i will go and ask BMW, Audi, VW, Mercedes, Skoda  (any others?)  what they think.
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BoL

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Re: YO Brits
« Reply #5 on: October 05, 2016, 03:27:43 PM »
Indeed, they'd hurt if there was no good deal. They (the EU) export more to us in monetary terms though % wise I'm sure we'd be hit harder.

The EU trying to strike a deal while having a disincentive for others to stay put in the EU sounds like a nightmare scenario for them.

Rupert

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Re: YO Brits
« Reply #6 on: October 05, 2016, 03:39:15 PM »
With you there.BoL. 
Quote
The EU trying to strike a deal while having a disincentive for others to stay put in the EU sounds like a nightmare scenario for them.

Absolutely.  I voted in because I thought that the cost of the fall out would be very high for Europe, even though it should in theory be fine for the UK. That said, most of Europe is a net winner cash wise, so they wont grumble, as they will want the pocket money.
The big ones apprear to be Germany, France and the Netherlands.  this is interesting I think: 

http://news.bbc.co.uk/1/hi/world/europe/8036097.stm#start

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Mackin USA

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Re: YO Brits "Sterling lost a tenth of its value in minutes"
« Reply #7 on: October 07, 2016, 11:50:56 AM »
LONDON (Reuters) - Sterling lost a tenth of its value in minutes on Friday, in what traders said was a "flash crash" driven by computer-initiated sell orders that left the pound at a fresh 31-year-low and heading for its worst week since January 2009.

https://beta.finance.yahoo.com/news/sterling-slumps-support-levels-crumble-002300983.html
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Chunkford

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Re: YO Brits
« Reply #8 on: October 07, 2016, 12:01:28 PM »
Damn, I need to change £ -> $ soon :(
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Mackin USA

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Re: YO Brits
« Reply #9 on: October 07, 2016, 03:57:34 PM »
What was close to unthinkable for the pound before the Brexit vote is now firmly on some traders’ minds.

They’re betting sterling will tumble to parity with the dollar, a level unseen in the U.K. currency’s history.

http://www.bloomberg.com/news/articles/2016-10-07/pound-dollar-parity-is-now-a-possibility-for-currency-traders
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Rupert

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Re: YO Brits
« Reply #10 on: October 07, 2016, 04:11:29 PM »
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“I wouldn’t say it’s a mainstream view,”

Just a headline...  It would be good news for us overall, if not our holiday costs.
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Mackin USA

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Re: YO Brits
« Reply #11 on: October 07, 2016, 04:17:04 PM »
Well, GOOD then
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Rupert

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Re: YO Brits
« Reply #12 on: October 07, 2016, 04:27:19 PM »
 :)
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BoL

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Re: YO Brits
« Reply #13 on: October 07, 2016, 04:49:17 PM »
If it went to parity, we'll just have to buy less of them thar fancy foreign goods.

'bout time the CNY wasn't fixed, too.

gm66

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Re: YO Brits
« Reply #14 on: October 10, 2016, 11:27:08 AM »
While the PM is talking about putting article 50 into action, David Davies has said that, before that's done, any EU law that can be will be put into our domestic law!

It's also not very well known that the EU will still haev control of our military.

Super-states are a bad thing.
Civilisation is a race between disaster and education ...