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The economy.

(263 Posts)
Whitewavemark2 Tue 30-Jul-19 07:59:49

This morning at Gatwick.

The pound is at parity with the dollar. This has NEVER happened in its history.

The pound is worth now about 87p against the euro.

The implication for the economy is dire.

growstuff Tue 30-Jul-19 08:09:18

It's not dire if you're a currency broker and had the foresight to invest in dollars or euros!! ;-)

Whitewavemark2 Tue 30-Jul-19 08:11:07

Exactly!!

Iam64 Tue 30-Jul-19 08:38:52

Should we buy euros now for last September ?

Iam64 Tue 30-Jul-19 08:39:59

Apologies for printing out loud there. It's grim isn't it, we're heading for economic downturn as predicted when the vote went Leave.

MaizieD Tue 30-Jul-19 08:57:40

Leave voting pensioner Brits who live in Europe must be thrilled at the way their pension is rapidly losing value. Now they can show how plucky Brits can overcome any adversity to defeat the evil EU.

I feel desperately sorry for those who voted Remain.

Urmstongran Tue 30-Jul-19 08:58:07

Airports always give the worst rates - they’re for people who need a bit of immediate cash so the airports cream off a bit of profit.

The exchange rate here on the Costa del Sol is still at €1.10

Whitewavemark2 Tue 30-Jul-19 08:59:46

ug when was the last time Gatwick was offering those rates?

GrannyGravy13 Tue 30-Jul-19 09:06:43

This is the exchange rate at the Post Office this morning.

If you bought currency at Gatwick WWMK2 you were ripped off.

Although it has never been a good idea to purchase currency at any airport.

Urmstongran Tue 30-Jul-19 09:09:26

I’m not panicking. The markets will settle. This turbulence reflects uncertainty.

In 2009 we got 99 cents for £1 at our hotel reception and we survived to tell the tale!

MaizieD Tue 30-Jul-19 09:11:49

Here come the Defenders, folks!

Nothing to do with Brexit or our appalling PM's declared intention to crash us out of the EU.

I expect the crashing pound is all the fault of the glumbuckets who just refuse to believe.

Whitewavemark2 Tue 30-Jul-19 09:15:55

I didn’t gg13

The point being that THIS HAS NEVER HAPPENED.

Brexit is entirely to blame, and we will see much more if this. It is no good trying to prove the facts wrong, you simply can’t.

What is happening is what was always warned, but you and all leavers smiled knowingly and based in no evidence whatsoever, said it would never happen.

Now you are finding out what living in cloud cuckoo land and ignoring expert opinion means.

Perhaps you would now like to smile knowingly when drug shortage is discussed? Or food is rotting at ports?

Urmstongran Tue 30-Jul-19 09:16:24

And you Remainers can’t bear to say ‘Leaving on WTO terms’ can you?

It has to be ‘crashing out’ ....
🤣

GrannyGravy13 Tue 30-Jul-19 09:16:30

MaizieD I am not defending anything, just pointing out that Airport Currency rates have always been appalling and always will be.

Better rates are available on line, in High Street Banks and the Post Office.

Whitewavemark2 Tue 30-Jul-19 09:18:25

Ok ug perhaps you will outline what leaving on WTO terms means.

Just a little paragraph will do. Just describe what will happen in November - shouldn’t be too difficult.

GrannyGravy13 Tue 30-Jul-19 09:19:01

WWMK2 I rely on drugs to stay alive as do many on GN. The EU has a charter which states it is illegal/unethical to "blockade" medicines to any country whether they be in the EU or outside.

Whitewavemark2 Tue 30-Jul-19 09:21:23

They aren’t being blockaded, that is ridiculous, if there is a no deal there is no trade agreement in place on 1 November - simples.

GrannyGravy13 Tue 30-Jul-19 09:31:19

Project fear has been about medicines not reaching the UK through the ports / airports.

Whitewavemark2 Tue 30-Jul-19 09:38:10

Isn’t it time you stopped talking about project fear and instead concentrated on how to actually prevent drug shortage happening?

Using such silly catch phrases stops people actually thinking about the reality of our situation.

EllanVannin Tue 30-Jul-19 09:40:20

This is Brexit for you with worse to come.
Am I " bovvered " ? No, because this is just the start of one of the best things to happen to show/prove to the Brexiteers that their vote was wrong, with more turmoil to follow----bring it on !

I knew this 3 years ago. You didn't have to be a Philadelphia Lawyer to work out how devastating it would be to this country.

lemongrove Tue 30-Jul-19 09:51:11

It’s ludicrous to expect GNers to ‘concentrate on how to
Actually prevent drug shortages happening’........the job of government depts I believe!
It has become quite the thing on here to demand answers from posters for things/situations that they have no control over.Write to the government if you’re worried about possible drug shortages.

Urmstongran Tue 30-Jul-19 09:51:31

Thank you GG13 for being the voice of reason regards medicines. As you rely on them to stay alive your voice on this subject counts so much more than mine would.

Yet you still voted To Leave the E.U.

So much hyperbole getting spouted right now. It’s ramped up since Boris has promised we are leaving on 31 October.

Time to buckle up! The next few weeks are going to be pretty stormy.

crystaltipps Tue 30-Jul-19 09:52:52

If course the economy going down the pan won’t be the fault of Brexit will it? It’ll be the fault of the gloom mongers and the EU refusing to give into our demands.

gillybob Tue 30-Jul-19 09:53:41

I’ve always thought that these city traders have far too much power and can effectively control the economy by pushing currency either was for their own gains . They are ruthless and will only see ££££ signs. To them it’s like one giant game of Monopoly where there is only one winner !

crystaltipps Tue 30-Jul-19 09:54:38

Leavers trumpeting about the U.K. being one of the worlds biggest economies forget it got to that position whilst being a member of the EU. The Empire was the last century folks!