£ against everyone else

25 Feb

london 10.53am 5.4C cloudy thursday 2016

the £ has dropped…

the market is really silly, to drop the £ just because of uncertainty. but it does not like uncertainty and would think the worst and will always want to cover its backside.all it cares about is … it is afraid of losing money. once we have the result after 23june, they should settle down. 

 exporters are happy the £ has dropped. and in many ways it is a good thing in the short run.

tourists from uk are finding it more expensive to go abroad, but i think that is not a bad thing. too many are spending £s abroad and selling £s.

i would prefer they decide to spend their holidays in uk, and spend their money here. and help the british economy. and if foreign goods are more expensive, it means local services and good will be relatively cheaper and persuade more  people to buy.

economics dont like to say this, but all people should buy their own country’s goods … if u buy foreign goods u are helping the foreign country and sabotaging your own. but no one can say it,everyone pays lip service to free trade. but if u want to help your country, buy only what is produced by your country. 

£1 = 5.87ringgit, 1.96singapore $, 49.66bhat, US$1.39,1.26 euro,95.75rupee,1.94Aus$, 

2 Responses to “£ against everyone else”

  1. Garfield Hug Friday February 26, 2016 at 12:25 pm #

    Great post and thanks for sharing! $1.96 to £1…a steal for me to visit. My last visit was close to $3 ie $2.96 some 3 yrs ago.

    • alifesgayventure Friday February 26, 2016 at 1:20 pm #

      these are official exchange rates, u never get these rates when u go to a bureau de change. or if u change s$ to £s. the buy rate is way different from the sell rate. but a weakening £ mean its cheaper for tourists coming to uk , or buying property here . its good for i coming tourists. that goes for anything in life, some gain, others lose. the uk always welcomes tourists… so we might see more of them this year. haha. conversely, it means singapore is more expensive for the british tourist.

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