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BREXIT price rises

Community Veteran
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Registered: 06-11-2007

BREXIT price rises

Just checked the current Euro to Pound rate.... it is the same as it was 6 months ago.. before BREXIT.. Shocked

 

will those companies, inc petrol and power, and food importers etc...

 

reduce their price rises? 

 

will the Toblerone be resized to what it was before..

 

will all those "smaller sized - same price packs" be re packed..

 

Bet your last euro, they won`t... Angry

 

 

30 REPLIES
Anonymous
N/A

Re: BREXIT price rises

Petrol comes from oil. Oil is priced in US dollars.

i believe the toblerone issue resulted from increases in the world price of cocoa.

How is the pound looking against the dollar today?

Community Veteran
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Re: BREXIT price rises

from this page... http://community.xe.com/blog/xe-market-analysis/xe-market-analysis-north-america-dec-05-2016

 

quote

 

Sterling closed out last week strongly, with an average 0.6% advance versus the G3 currencies on the day and an average gain of 1.6% on the week. This made it the second straight up week the pound has seen versus the trio.

 

unquote

Anonymous
N/A

Re: BREXIT price rises

Yes, but a year ago £1 was worth just over $1.50. Just before the referendum, £1 was worth about $1.49. Today it's down around $1.27.

http://www.xe.com/currencycharts/?from=GBP&to=USD&view=1Y

Community Veteran
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Re: BREXIT price rises

But... the excuse used by all those unscrupulous businesses, was because the pound to EURO rate, ( and the link to the us dollar rate) had caused importing produce, inc oil, and cocoa, to be more expensive..

 

now the boot is on the other foot, they should be reverting back to how it was... and not keep ripping us off.

 

 

http://www.dailymail.co.uk/news/article-4000734/Euro-plummets-20-month-low-stock-markets-brace-Itali...

Anonymous
N/A

Re: BREXIT price rises

Ah, The Daily Mail... leader in the post-truth school of journalism. I think you'll find that newspapers for the more educated reader have a different view.

I will say no more.

Community Veteran
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Registered: 30-07-2007

Re: BREXIT price rises

ust checked the current Euro to Pound rate.... it is the same as it was 6 months ago.. before BREXIT

Not quite sure where you're getting your figures @shutter

before Brexit it was ~ 1.30 eur/gbp now today it hit 1.20 briefly and now it's 1.19

https://uk.finance.yahoo.com/q/bc?s=GBPEUR=X&t=1y&l=on&z=m&q=l&c=

 

Minivanman
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Re: BREXIT price rises

Hopefully we will all make our own minds up about this after the event and not before. 

I'm sure Mail readers are getting just as irritated by their continued pro Brexit manipulation as I have been over the Guardians persistent anti Brexit position. Both publications drive us to the point where we'll be saying "OK, I get it, I heard you the first time!" - not that as a Brexit supporter would I touch the Mail - even with a bargepole.

This is almost as disheartening as feeling obliged to 'like' a long standing friends posting on fb only to find one that you totally disagree with.  

All views expressed are my own but you can express them too if you want to be right about everything like I am.
Community Veteran
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Re: BREXIT price rises

Minivanman
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Re: BREXIT price rises

Or the professionals, rather than Nathan the Warehouse operative!

https://markets.ft.com/data/currencies/tearsheet/summary?s=gbpeur

http://www.thedailymash.co.uk/news/international/britain-to-get-absolutely-everything-it-wants-from-...

All views expressed are my own but you can express them too if you want to be right about everything like I am.
Community Veteran
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Re: BREXIT price rises

try reading this...

@shutter ,

Yes, it's now higher than the rate immediately AFTER the brexit vote BUT it's still well lower than BEFORE the brexit vote.

Community Veteran
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Re: BREXIT price rises

And that is my point...

 

those rip-off businesses... put up the prices AFTER brexit... NOT Before.... so now they are keeping quiet about making extra profits at our expense.

 

 

Community Veteran
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Registered: 30-07-2007

Re: BREXIT price rises

but at the start of the thread you said

Just checked the current Euro to Pound rate.... it is the same as it was 6 months ago.. before BREXIT

It isn't...

Anonymous
N/A

Re: BREXIT price rises

This thread is beginning to remind me of Blackadder trying to teach Baldick to add...

https://m.youtube.com/watch?v=K71MckOTt1M

Community Veteran
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Re: BREXIT price rises


MisterW wrote:

but at the start of the thread you said

Just checked the current Euro to Pound rate.... it is the same as it was 6 months ago.. before BREXIT

It isn't...


 

Correct. The Euro closed on June 6th at 1.2722 to the £.