bad news on the UK economic front..
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Dollar looking good in America. Crude oil is in dollars and it's absolutely crashed. We have gas at under $2 a gallon in some places in America. And Jaguars are getting cheaper!
The "up" side was lots of British winter visitors to Florida. We like that. The down side was gas prices. Period. Everything else was bearable, but $4+ per gallon absolutely paralyzed America. Commerce ground to a halt and vacations were canceled.
A rising dollar is a mixed bag, no doubt.
The "up" side was lots of British winter visitors to Florida. We like that. The down side was gas prices. Period. Everything else was bearable, but $4+ per gallon absolutely paralyzed America. Commerce ground to a halt and vacations were canceled.
A rising dollar is a mixed bag, no doubt.
Well look at us rising from the ashes... if this keeps up I may get to visit the UK again someday... having your monetary value halved the minute you step off the plane from the US is quite the disincentive.
Just ordered a brand new X type (in the UK) over £5000 off list price and factory build to my spec. I read their sales are 50% down on last year.
it took eight years to get to two dollars to the pound from 1.5.. its taken three months to crash back down and how far down its gonna go is unknown..
the dollar is only riding high cos all the stocks and shares being disposed of were paid for in borrowed dollars.. this money is now flowing back to the motherland.... its a one way flow.. when the flow stops.. expect the biggest and fastest dollar tank u can imagine..
i am following this sh-t and it has me scared.. when the dollar does tank thats when the real problems will start..
at the moment some UK resellers will be feeling the pain.. everything bought from china has literally risen in prices by %30 over the last three months and is still going up..
the chinese are also feeling the pain.. they are totally dependent on westerners buying their cheap junk in huge amounts..
not good.. and with worse to come..
trog
the dollar is only riding high cos all the stocks and shares being disposed of were paid for in borrowed dollars.. this money is now flowing back to the motherland.... its a one way flow.. when the flow stops.. expect the biggest and fastest dollar tank u can imagine..
i am following this sh-t and it has me scared.. when the dollar does tank thats when the real problems will start..
at the moment some UK resellers will be feeling the pain.. everything bought from china has literally risen in prices by %30 over the last three months and is still going up..
the chinese are also feeling the pain.. they are totally dependent on westerners buying their cheap junk in huge amounts..
not good.. and with worse to come..
trog
Although I live in the UK I get paid in dollars so with the £ crashing I just got a 30% increase in money.
I agree with trog though, scary times lay ahead
I agree with trog though, scary times lay ahead
"Sterling has been one of the biggest victims of the global financial meltdown - losing more than a quarter of its value since July.
It has now fallen below $1.50 for the first time since 2002. The pound is also at its weakest level against the euro since the currency was created in 1999."
BBC NEWS | Business | Sterling takes a pounding
It has now fallen below $1.50 for the first time since 2002. The pound is also at its weakest level against the euro since the currency was created in 1999."
BBC NEWS | Business | Sterling takes a pounding
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