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StanleyB
13-11-2008, 21:22
Anyone else being hit by this? I have seen prices of my competitors around the globe climbing at quite a large rate. I myself need to increase mine as my costs have shot up. But the same thing must be happening to other goods and raw materials being imported. However, compared to house prices and interest rates, hardly any serious mention is made about this problem. They mention that UK exports would be cheaper, but if importing the raw material is more expensive, how can the export be cheaper?

Mark Grant
13-11-2008, 22:16
Its a big problem for me also.

Manufacturers overseas are increasing the price because of increased costs and it costs more to buy the US dollars :( A double whammy

Will only get worse in my opinion, especially when all the big retailers release Christmas sales figures in January. I reckon less than 1.4 $US/GBP very soon..

a graph here for last 120 days:

http://www.x-rates.com/d/USD/GBP/graph120.html

and chart here for last 120 days:

http://www.x-rates.com/d/USD/GBP/data120.html


Mark.

Togil
14-11-2008, 08:26
And yet... as a "civilian" the pound only now has its correct value if I compare prices of ordinary living costs here and in my home , Germany.