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Sterling becoming an emerging currency

(32 Posts)
Mamie Wed 01-Jun-22 08:12:07

And although the pound was low for a bit in 2008-9, since we moved here in 2005 it has never been as consistently low as it has since Brexit.

Mamie Wed 01-Jun-22 08:03:51

Pantglas2 we live in France, have UK pensions and keep a spreadsheet of our monthly transfer from the UK from pounds to euros. We know exactly how much Brexit has cost us based on the exchange rate in the year before Brexit and the week before Brexit. It is tens of thousands of euros.

Katie59 Wed 01-Jun-22 07:58:51

This is one of the consequences of Quantitive Easing - printing money, international investors get nervous, theUK has now proved itself vulnerable to outside pressures because we import too much of everything, too dependant on others while paying ourselves too much.

Too little effort is put into productive industry and most of that benefits foreign owned companies.

Pantglas2 Tue 31-May-22 23:38:41

I can only speak for myself but when we bought mi Casa in 2011 the £/€ was 1.10 and its been up and down like the proverbial since then. Brexit hasn’t been noticeable actually....

Whitewavemark2 Tue 31-May-22 11:13:47

This will of course feed into the inflation.

OakDryad Tue 31-May-22 11:10:27

Post-Brexit comparative export trade performance:

Whitewavemark2 Tue 31-May-22 11:03:13

A Warning from a top American bank, that Sterling is beginning to look like an emerging currency, which means that the Sterling will continue to slide and fall consistently against other currencies like the $ and €

This is the price of the governments non-economic policy.

The cost of Brexit and the instability of economic policy which is undermining the pound.

A recent example is the announcement of the adoption of imperial measures which is a nonsense and the sort of policy announcement that only banana republics make.

Why is it important? Because it will be subject to the vagaries of the money market like currencies in South America or Africa.

We need a strong and stable government with serious predictability.

From LBC and Guardian I’ve read this morning.