Jump to content
House Price Crash Forum
Sign in to follow this  
Johnny

Sterling Heading For $2 Barrier

Recommended Posts

Oh Dear , the BBC have this on their site

Sterling heading for $2 barrier

Looks like our Exports are going to be hit even harder if this happens.

Will this influence the BOE decision on rates next month ?

PS. Looks like Jaguar Cars are going to be bought by Hyundai, is this another car manufacturer in the UK going to the wall.

Share this post


Link to post
Share on other sites

I wasn't aware that we still exported anything.

And Jaguar is currently owned by Ford, if it's sold by one foreign company to another foreign company I can't see that that makes a difference.

Edit: And how might that influence the BOE? Are they going to put them back down again?

Edited by Voice of Reason

Share this post


Link to post
Share on other sites

Interesting that "Sterling last reached the $2 mark in September 1992, just before the "Black Wednesday" crisis, when currency speculators forced the UK government to withdraw the pound from the European Exchange Rate Mechanism."

ps

I work at Jaguar, I can assure you that Jaguar Cars is NOT being sold to the Koreans, the French or anyone else.

Share this post


Link to post
Share on other sites

I wasn't aware that we still exported anything.

And Jaguar is currently owned by Ford, if it's sold by one foreign company to another foreign company I can't see that that makes a difference.

Edit: And how might that influence the BOE? Are they going to put them back down again?

We could export "Polish Sausage" as we have plenty of skilled staff here. Scary isnt it ?

Share this post


Link to post
Share on other sites

And Jaguar is currently owned by Ford, if it's sold by one foreign company to another foreign company I can't see that that makes a difference.

But they only want the name to get into the US market, they don't have to keep production in the UK.

I work at Jaguar, I can assure you that Jaguar Cars is NOT being sold to the Koreans, the French or anyone else.

http://observer.guardian.co.uk/business/st...1837984,00.html

http://business.timesonline.co.uk/article/...2300297,00.html

http://icbirmingham.icnetwork.co.uk/birmin...-name_page.html

:unsure:

Edited by Johnny

Share this post


Link to post
Share on other sites
Guest Alright Jack

Interesting that "Sterling last reached the $2 mark in September 1992, just before the "Black Wednesday" crisis, when currency speculators forced the UK government to withdraw the pound from the European Exchange Rate Mechanism."

ps

I work at Jaguar, I can assure you that Jaguar Cars is NOT being sold to the Koreans, the French or anyone else.

An excellent point !

It's like a great fat turkey being done up for christmas...

Share this post


Link to post
Share on other sites

Oh Dear , the BBC have this on their site

Sterling heading for $2 barrier

Looks like our Exports are going to be hit even harder if this happens.

Will this influence the BOE decision on rates next month ?

PS. Looks like Jaguar Cars are going to be bought by Hyundai, is this another car manufacturer in the UK going to the wall.

It'll make imports cheaper, reducing inflation and making another rate rise less likely. That in turn will prevent Sterling from appreciating too much as a lot of the recent upward movement seems to be driven by speculation on future rate rises...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.