07 Oct 2016 4:22 PM:

Destry

Sterling is 4th, but by what measure. Suspect your list may be the value of traded deals, if it is, then it will have no relevance as to how the actual value of the £ may stand against other currencies. The key currencies for countries the UK trades with are the $ and Euro. Despite the Euro also being weak, the international money markets have very real concerns about the prospects for the UK over the next 2-3 years. The BBC News website currently has an article on it headed "How Low can the pound go" with views from a number of the top currency trading houses. It does not make good reading. 

A weak £ against the Euro & $ will see iincreasing inflationery pressures on prices in the UK, which in turn could well lead to wage inflation. Where will that then take us? Rising unemployment is certainly also one major risk for UK in 2017, where although tourism will rise in UK, we simply do not export enough to gain significant benefit from the weak £. 

Yes, the markets may have panicked a little today, but the long term expectation is further falls in value of sterling, certainly till at least the end of 2017. The UK population voted for it, so we now have to live with the consequences.  

Thread: BREXIT

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06 Oct 2016 6:29 PM:

Jarvi

You don't say where in Spain! If you click on the Travel icon in the blue banner above, it will take you to a new page with option of getting weather forecasts for several of the popular destinations in Spain. The forecasts include the daily max/min temperature range & will give a reasonable expectation of current temperatures.

Thread: Sunny Spain

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30 Aug 2016 4:43 PM:

Most Newspapers will have a political slant as to what they print on predictions re currency rates and the economy in general.

For those interested in exhange rates, suggest you sign up for newsletters from one the main currency dealing houses. Thes won't have the same political agenda and ones such as XE.com are American owned so won't be biased one way or another on the Brexit issue. 

It has been argued for a long time though that the 'fair' rate for the £ against the Euro is around 1.3 and against the $ 1.5. Although the strength of the £ has improved in last day or two, it is a long way for the so called 'fair' value.

Very much depends on which side of the fence you sit whether a weak £ is good or bad, but there are a shed full of price rises coming for those based in the UK, due to the £/$ rate with a high proportion of UK imports priced in $

Thread: BREXIT

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27 Jul 2016 4:01 PM:

It is not the £/Euro rate that is the major issue for the UK residents, but the £/$ rate. This is currently showing a depreciation of over 15%.

With fuel, the majority of white & brown goods, plus a large proportion of clothing imported into the UK all paid for in $'s, price rises are just around the corner. Indeed being involved in clothing, I have been advised by numerous major clothing companies, many of whom are household names, that they are implementing price rises wef 1st August directly due to the weak £. 

It is not where we are now that should be of concern, but where we will be by the end of the year when all these prices rises will have worked through to the point of sale.

Thread: BREXIT

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03 May 2016 7:00 PM:

Mark

No experience of them, but nearly all mortgage documentation includes clauses which allow the original lender to sell the mortgage on. The new lender will normally have to honour the original terms & conditioins,unless there are clauses in your mortgage documentation to the contary. Hopefully you should see no difference.

Cheers

John

 

 

Thread: GE Money have sold their mortgage book to OTAGAZ Gestion Hipotecaria

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