Ahhh. Thanks for answer that.
It's too bad we keep outsourcing and buying cheap junk made in China, Taiwan, etc. All of our money is going out and not a lot is staying here or coming in.
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
British Pound Breaks Through $2 for First Time in Nearly 15 Years
- Thread starter Unspeaked
- Start date
- Sort by reaction score
It's too bad we keep outsourcing and buying cheap junk made in China, Taiwan, etc. All of our money is going out and not a lot is staying here or coming in.
All we are doing is exporting our pollution to countries where press oversight is weaker and local government officials are more corruptible. And then we complain that China, Taiwan, India and so on are overtaking us in the pollution stakes.
The people winning here are Capitalist,they don't give a sh*t about the $ £ or any other currency.At the moment they're borrowing big in Japan (low interest rates) and investing big in £'s (high interest rates) what country they're based in is neither here nor there,they don't care about individual currency's soon it'll be something else and money will go there and that currency will rise.Capitalists are great Internationalists (they learnt it from the left).Meanwhile all the rest of the people keep fighting for there patch of dirt against " foreigners "
I think he means pollution in the classic sense...
You know, all those computer chips, plastic cups and barbie dolls they make overseas leave a lot of air and water damage behind... and many of the countries that are big on manufacturing aren't known for their devout policing of environmental laws.
Apart from one brief point during the Thatcher years when the two currencies hit equality during a Tokyo trading session, that's always been the case
Actually that is wrong, back around 2000 the Euro and US dollar were switched in exchange rate.
Money-saving tips around London for our poor American cousins...!
(Perhaps others can add more or give tips for elsewhere in UK.)
1. Instead of shopping on Oxford Street, try one of London's many fabulous markets, eg Portobello Road market
2. Many museums, as noted previously in this thread, are free (apart from special exhibitions). Check them out.
3. Everything is much more compact (ie... crammed into a smaller space) over here. That means you don't always have to use public transport or an expensive black cab to get to where you want to. Walking is good.
4. London's parks and green spaces are a feature, very central and free. (I spent Sunday afternoon in St James' Park, and made some new friends who had purchased a frisbee for just £1 | $2 from Lilywhite's in Picadilly Circus.)
5. Lots of Subways over here now. Good for a cheap, wholesome sandwich lunch. You may have heard of them.
6. We have summer clothes sales in high street shops some time around June. Don't know if you have these across the pond or not?
7. Currently several free newspapers come out every day and are given out on every street corner. DON'T believe all the news in them, they're pretty trashy. But you'll probably find some special deals in them.
8. Lots of pubs and bars have a 'Happy Hour' in the late afternoon, say 5pm-6pm. Drinks are cheaper during this time to encourage trade during the lull. Again, maybe you have this Stateside too - not sure?
9. There's a ticket booth in Leicester Square that does reduced rate theatre tickets for West End productions. Never used it myself, but it's been going for years and you might pick up a same-day bargain. Pack nice clothes.
10. A walk along the South Bank from Waterloo to London Bridge, with a visit to Tate Modern and St Pauls (over the river), is pleasant with lots to see... and free. Street performers, views of river and city, cafes and restaurants on the way, London's bridges etc. You could see a lot and fill half a day this way.
11. Many central London churches stay open each day and are free to visit (donations invited). We know y'all love that cute British history thang.
12. Finally, why not MAKE some money by importing some Apple kit and selling it to your Brit friends? They'll get it cheaper, and you'll make a profit. Maybe not much, but an idea for the enterprising!
(Perhaps others can add more or give tips for elsewhere in UK.)
1. Instead of shopping on Oxford Street, try one of London's many fabulous markets, eg Portobello Road market
2. Many museums, as noted previously in this thread, are free (apart from special exhibitions). Check them out.
3. Everything is much more compact (ie... crammed into a smaller space) over here. That means you don't always have to use public transport or an expensive black cab to get to where you want to. Walking is good.
4. London's parks and green spaces are a feature, very central and free. (I spent Sunday afternoon in St James' Park, and made some new friends who had purchased a frisbee for just £1 | $2 from Lilywhite's in Picadilly Circus.)
5. Lots of Subways over here now. Good for a cheap, wholesome sandwich lunch. You may have heard of them.
6. We have summer clothes sales in high street shops some time around June. Don't know if you have these across the pond or not?
7. Currently several free newspapers come out every day and are given out on every street corner. DON'T believe all the news in them, they're pretty trashy. But you'll probably find some special deals in them.
8. Lots of pubs and bars have a 'Happy Hour' in the late afternoon, say 5pm-6pm. Drinks are cheaper during this time to encourage trade during the lull. Again, maybe you have this Stateside too - not sure?
9. There's a ticket booth in Leicester Square that does reduced rate theatre tickets for West End productions. Never used it myself, but it's been going for years and you might pick up a same-day bargain. Pack nice clothes.
10. A walk along the South Bank from Waterloo to London Bridge, with a visit to Tate Modern and St Pauls (over the river), is pleasant with lots to see... and free. Street performers, views of river and city, cafes and restaurants on the way, London's bridges etc. You could see a lot and fill half a day this way.
11. Many central London churches stay open each day and are free to visit (donations invited). We know y'all love that cute British history thang.
12. Finally, why not MAKE some money by importing some Apple kit and selling it to your Brit friends? They'll get it cheaper, and you'll make a profit. Maybe not much, but an idea for the enterprising!
5. Lots of Subways over here now. Good for a cheap, wholesome sandwich lunch. You may have heard of them.
Well cheap isn't something I can really say about Subway, but they aren't bad I suppose. Generally it works out at about £5/meal (for a 12" one) when I go.
For nice sandwiches try Pret (they are so tasty
).
Well I usually go for that day's special, 6-inch, for £1.99 - I guess actual spend depends on your appetite and what else you get with it though. Agree that Pret is tasty.
The Pound spiked due to higher than expected inflation. Higher inflation leads to higher interest rates. Higher interest rates cause currency traders to bet on your currency above all others. Should the US drop interest rates, you can bet the Pound will increase in value even more.
Americans, expect to see plenty of middle class Brits roaming around Orlando fun spots and Filthy rich brits buying up all that upscale highrise residential property that people are bailing out of.
All you gloom and doom people need to relax. A weak dollar before summer holiday is just what the US needs to expand the economy.
Americans, expect to see plenty of middle class Brits roaming around Orlando fun spots and Filthy rich brits buying up all that upscale highrise residential property that people are bailing out of.
All you gloom and doom people need to relax. A weak dollar before summer holiday is just what the US needs to expand the economy.
The British Middle Classes don't do Orlando. It's all Europe, South Africa, the Galapagos and New Zealand with them I'm afraid. Expect Orlando to be full of the roughest looking Brits you can possibly imagine, all beer bellies, sunburn and drunken behaviour. It's very affordable now.
Enjoy
We shouldn't bother comparing Sterling with a declining currency like the US Dollar, the comparison that counts is with the Euro, the currency of today and the future.
From the perspective of an individual business, that depends mostly on whether you're an exporter or an importer.
It balances out. Manufacturing circles have been on the verge of resesion for years. Importers on the other hand are probably jumping for joy.
That is a good news for the US economie.
More visitors to the US, more export of American good since they are cheaper now.
Lets look at the bright side
You positivity is killing me. You're in denial. Seek help......financial, psychological, and otherwise.
You mean bumpy for them.
I could survive on 250 quid during a 1 week vacation in London easily, accomodation and food included in that price.
Can someone point me to the nicest public bench in Hyde Park?
Bumpier for them definitely, but the US economy is still big enough for everyone to feel it when it gets sick. I'm just hoping the Eurozone keeps pulling out of the doldrums whatever the US does. It'll offset the effects.You mean bumpy for them.