The pound set to devalue The pound set to devalue
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  1. #1

    More fingers than teeth

    BlasterBates's Avatar
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    Default The pound set to devalue

    Pound set to decline

    The trajectory is now for a no deal hard Brexit, so watch the pound sink.
    I'm alright Jack

  2. #2

    Respect my authoritah!

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    Yeah but all those shares valued in dollars will soar, leading to a even higher FTSE 100 levels.
    Down with racism. Long live miscegenation!

  3. #3

    Richer than sasguru

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    Quote Originally Posted by BlasterBates View Post
    Pound set to decline

    The trajectory is now for a no deal hard Brexit, so watch the pound sink.
    Exports will boom, unemployment is at record lows and wages are rising fast.

    Exactly what the UK needs. It also makes our private and public debt smaller in USD terms, and attracts foreign investment.
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  4. #4

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    Quote Originally Posted by DimPrawn View Post
    Exports will boom, unemployment is at record lows and wages are rising fast.

    Exactly what the UK needs. It also makes our private and public debt smaller in USD terms, and attracts foreign investment.
    Most of UK exports rely on imports of components and raw materials. A fall in the pound does not cause an export boom.
    Never attribute to malice that which can be adequately explained by stupidity

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  5. #5

    Richer than sasguru

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    Quote Originally Posted by Paddy View Post
    Most of UK exports rely on imports of components and raw materials. A fall in the pound does not cause an export boom.
    Majority of the cost of most exports is labour costs, cheap currency means cheap labour.
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  6. #6

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    Quote Originally Posted by NotAllThere View Post
    Yeah but all those shares valued in dollars will soar, leading to a even higher FTSE 100 levels.
    Yeah but all commodities priced in USD means everything will be even more expensive

  7. #7

    My post count is Majestic

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    Quote Originally Posted by Eirikur View Post
    Yeah but all commodities priced in USD means everything will be even more expensive
    Thus making case for chlorinated chickens stronger...

  8. #8

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    Quote Originally Posted by BlasterBates View Post
    Pound set to decline

    The trajectory is now for a no deal hard Brexit, so watch the pound sink.
    When house pricers crash it make the perfect UK economy.

  9. #9

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    Quote Originally Posted by DimPrawn View Post
    Majority of the cost of most exports is labour costs, cheap currency means cheap labour.
    In car manufacturing, labour costs are typically 10-15% of the total cost. Components are around 60% of costs.
    Other costs are marketing and dealer mark-ups
    Never attribute to malice that which can be adequately explained by stupidity

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  10. #10

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    Quote Originally Posted by Paddy View Post
    In car manufacturing, labour costs are typically 10-15% of the total cost. Components are around 60% of costs.
    Other costs are marketing and dealer mark-ups
    Marketing and dealer mark-ups are not costs of manufacturing.
    Quote Originally Posted by Bean
    I admit that I'm a lazy lying cretin, but so what?
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