FrozenCell
Member
Steam Summer Picnic Sale just started
The British Pound is now trading at its third lowest value to USD since 1791
- Thread starter WedgeX
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whatsinaname
Member
The leave campaign was right. EU regulations were inflating prices. Now what used to cost a $1.50 is already down to a $1.30.
Psyrgery ES
Member
The GBP is taking a beating with the more dire Brexit possibilities.
History of GBP/USD since 1791. Only in 1984 and 1985 was it lower for the year.
Update:
Now at its second lowest, above only 1985.
UKGAF, you want us to send Barack Obama over there to fix shit when he's done here?
T
Transhuman
Unconfirmed Member
"UK LOSES EXCESS POUNDS WITH THIS ONE WEIRD TRICK! EU HATES THEM!"
fierrotlepou
Member
I think they're going to recover from this and come out stronger? Is that possible?
Possibly, but what does that mean if the time frame is on the order of generations?
The difference is that the Freedom Caucus or Ryan still couldn't do something as serious as this without the Senate and President agreeing to it as well.
Aztechnology
Member
My friends being a dumbass and talking about Binary trading on the GBP. He's being a complete idiot and won't listen to me.
Clear
CliffyB's Cock Holster
Its great news for the UK games industry, and that's a fact. A strong pound means development is relatively expensive.
Jimbob Smalls
Banned
It amuses me that the same Bankers who crashed the world economy in 2008 are being seen as the ultimate financial barometer in the biggest political shift in decades today as they go on their feeding frenzy clusterfuck.
Funny thing politics.
Funny thing politics.
CyclopsRock
Member
Same for the company I work for (a film production company) - almost all our costs are in £'s but most of our clients are in the US and the middle East. My boss actually was part of this weird pressure group that wanted to devalue the pound because it helps exports (it didn't actually do anything IIRC, they just met up for breakfast every few months and talked about how 'strong' and 'weak' wasn't helpful language because it suggests 'good' and 'bad' where as really, what's good and what's bad depends on what you're doing).
Captain Smoker
Member
• Different people
• Different markets
• "Historian's fallacy"
"The historian's fallacy is an informal fallacy that occurs when one assumes that decision makers of the past viewed events from the same perspective and having the same information as those subsequently analyzing the decision. It is not to be confused with presentism, a mode of historical analysis in which present-day ideas (such as moral standards) are projected into the past."
TwiztidElf
Member
Just in case you're serious, a decrease in relative value of the currency will increase the cost of goods and services generally speaking.
PanicFreak
Member
I wish I had enough money to travel to the UK right now.
bodyboarder
Member
Forex market. But market closing for the weekend so you want to see what happens Monday and especially Tuesday.
Google babypips and look at their school section to get a grasp on what forex is and how it works.
What good is cheap development if you can't sell your games / it'd expensive to do so in the EU?
It's good news for all industries which export.
It's not good news for the quality of life in general, since shit gets more expensive.
I'm sure if Japan is happy that the yen is affected the way it is.
And developers will be effectively paid less with a weak pound
D
Deleted member 325805
Unconfirmed Member
So I'm even more broke than yesterday.
As a canadian with a shit canadian money I can say that this is true.
CapitalismSucks DonkeyBalls
Banned
Told my wife to keep a look at the exchange rate throughout the day. We're honeymooning in London next year and we need to stock up on currency when it's cheap.
Sorry UKGAF. Our treasure for your trash.
Sorry UKGAF. Our treasure for your trash.
Red Liquorice
Member
You don't need much now!
Throw your wallet into your toilet and vigorously flush.
Makoto-Yuki
Banned
book your cheap holidays now! come see the United Kingdom while you still can!
i guess it's good news for people outside who can get stuff on the cheap from us now but i feel we've made a huge mistake. i think it's quite possible that the UK as know it won't exist in 5-10 years. looks like scotland will hold another independence referendum. there is talk of ireland uniting again but i don't know how that'll go.
i guess it's good news for people outside who can get stuff on the cheap from us now but i feel we've made a huge mistake. i think it's quite possible that the UK as know it won't exist in 5-10 years. looks like scotland will hold another independence referendum. there is talk of ireland uniting again but i don't know how that'll go.
Could be a big wobble when Wall Street opens, right?
Link
The Autumn Wind
I don't even want to think about the beating the market is going to take today. Not gonna be pretty.
Steadying at 1.375 for a while. I think the market is stabilising for a while. Although the opening of NYSE could damage the currency a bit more. Having said, Nikkei's demise could balance things in UK's favour.
PdotMichael
Banned
If only that big trade balance deficit wouldn't exist.
ha, what exactly would you be exporting?
of course, question is how long will it take and what sacrifices have to be made
Link
The Autumn Wind
Immigrants.
SomedayTheFire
Member
fuck
Foreign investments.
LegendofDragoonLives
Member
I'm going to England in less than two weeks. Should I convert my Canadian money now or wait a week to see if it gets cheaper? EconomyGAF, teach me pls.
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