Wednesday, July 12, 2017

Brexit blah blah

The Brexit vote does seem to be having some effect on the UK economy.
Just browsing through the daily news, one finds that the 15% drop in
the value of the British pound with respect to the US dollar has made
for an equivalent rise in the consumer price for commodities traded in US dollars,
ie the much beloved coffee and chocolate...

 source: http://www.telegraph.co.uk/money/consumer-affairs/why-brexit-is-already-pushing-up-the-cost-of-a-cup-of-coffee/

And where it hasn't, the effect shows up in the value of the retailer:

source: UK Times

Poor consumer - make no mistake - is in for it.

No comments: