Monday, 5 January 2009

Weakness of pound a further blow for retailers

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11 comments:

Anonymous said...

It is my considered opinion that the Bank of England should cut the interest rate before they find a better solution.- Fabio

6 January 2009 at 07:28
Anonymous said...

Chinese students who study in the UK benefits from he slump in the value of pound.
Andy

6 January 2009 at 11:29
Oliver.Ma said...

As the pound becomes lower and lower, the more oversea students will study in the UK. - Oliver -

6 January 2009 at 11:51
Anonymous said...

I think the retailers will accept lower profits rather than pass the pressure to the consumers for the consumer confidence is very low.

6 January 2009 at 19:59
econinfohunter said...

this is a classic example of how a big drop in the currency will probably boost consumer inflation even if exports improve.

6 January 2009 at 23:08
Justintime said...

I have a feeling, the weaken in pound is like a shrink in the assets of the whole UK, which i think is really difficult to recover after this recession.

7 January 2009 at 12:37
Aaron 施 said...

we've talked about it in the class
I quite agree!

7 January 2009 at 19:06
Nicky said...

The weaking pound is a good thing for exporters because they can now export the same amount for less money.Also it will help the economy because it will reduce UK unemployment and for British goods will be bigger demand as they will be cheaper.

7 January 2009 at 22:49
qiongke said...

clearlly,it's a good thing to us.but concern about the economy,the weak pounds leads to a worse position for british import.

7 January 2009 at 23:09
victor yu said...

as we know the pound is the most valuable money in the whole world, but now the exchange rate is just as same as euro. i am just thinking that will it be possible to british to join the euro zone ?
let the other europe countries to promote uk econonics.
i also think more International corporation will close their factories to reduce the cost of manufacture.

8 January 2009 at 09:55
Kamit Chingis said...

But are imports something good.Probably all countries want to export not import.I think that decreas in imports might force UK to build more factories and use its natural resources more.That whould develop UK's economy

8 January 2009 at 12:08

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