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  #41  
Old 07.10.2016, 18:21
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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I do not see low cost countries as a competition or threat
I shall tell that to my colleagues ( and possibly myself ) when the names are announced.
By low cost, I'm including Poland, Hungary etc. All produce some excellent people, and much cheaper than here.
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  #42  
Old 07.10.2016, 18:21
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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So why are there still people working in Switzerland? .
Perhaps you never noticed, Switzerland takes time to change, it's not generally a first mover.
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  #43  
Old 07.10.2016, 19:03
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Still looks like Sterling took a kick in the teeth today.

http://www.xe.com/currencycharts/?fr...to=CHF&view=1D
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  #44  
Old 07.10.2016, 19:21
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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Still looks like Sterling took a kick in the teeth today.

http://www.xe.com/currencycharts/?fr...to=CHF&view=1D
I am amazed there is any surprise, stealing will be very weak for the next 3 years , however the UK & the £ will be riding high after 5 years of freedom.
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  #45  
Old 07.10.2016, 19:34
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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I am making a living by working for a company here locally that helps doing stuff right and fast whenever the new low cost IT in India screwed up. I do not see low cost countries as a competition or threat, digitalization is since the stuff is simply getting smarter and there is less work to do in order to achieve the same result.
German solar cell's producers said the same thing about the Chinese competitors some years ago.

India will be a strong threat to IT companies on high cost locations in the near future.
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  #46  
Old 07.10.2016, 19:39
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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I am amazed there is any surprise, stealing will be very weak for the next 3 years , however the UK & the £ will be riding high after 5 years of freedom.
Because of the mess that those socialists are doing to the EU I really thought Brexit was a good idea to the UK... Now I am not so sure... UK was in the best of both worlds: did not adopt the stupid Euro but had free access to the mainland market. My main concern is that the Euro bureaucrats will try to "punish" the UK with no free trade and will screw up themselves too.
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  #47  
Old 07.10.2016, 19:43
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

This is Friday! Isn't it?
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  #48  
Old 07.10.2016, 20:14
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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Because of the mess that those socialists are doing to the EU I really thought Brexit was a good idea to the UK... Now I am not so sure... UK was in the best of both worlds: did not adopt the stupid Euro but had free access to the mainland market. My main concern is that the Euro bureaucrats will try to "punish" the UK with no free trade and will screw up themselves too.
I am quite happy with a no trade agreement if that's what has to happen for the EU to kill itself.
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  #49  
Old 07.10.2016, 20:19
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

For the moment it makes British classic car parts less expensive. (I know, I really should get a life.)
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Old 07.10.2016, 21:41
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...



In other news, first images released of design for new £1 coin.
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  #51  
Old 07.10.2016, 21:58
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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For the moment it makes British classic car parts less expensive. (I know, I really should get a life.)
Well thats about the size of the British Automobile industry these days a few small factories building replacement parts for peoples old Austin Healys or Robin Reliants.

Ha, you have to laugh at the feckwits who voted out, they have stitched everybody up including themselves. I don't think the pound will be strong again for a very long time or ever as Britain doesn't really have a great deal to offer the world anymore.

Funny thing is the Brexiters thought if they left the EU they would be dictating the terms of business, but actually its quite the opposite. It will affect Switzerland too as there isn't going to be any more niceties to those that chose to stay out in the first place. Nationalism is a sick thing.
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  #52  
Old 07.10.2016, 23:30
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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The pound has endured a temporary collapse in value to new 31-year lows, sparking market chaos and a Bank of England probe.


Having traded as low as $1.26 to the dollar on Thursday it slumped to $1.18 within minutes during Asian trading - hitting $1.14 briefly at one stage according to Thomson Reuters - a fall of up to 9%.


But official market charts did not measure the lowest figure because trades were later cancelled, the data provider said.


It settled at $1.24 before slipping to $1.22 when US traders returned to the market in late-morning European trading.


The volatility also saw sterling slip to €1.11.
http://news.sky.com/story/flash-cras...stery-10608056
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  #53  
Old 07.10.2016, 23:35
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Currently CHF 1.21.
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  #54  
Old 07.10.2016, 23:46
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Paraphrasing "The Washington Post"

Theresa May bragged about Britain being world’s 5th-largest economy. After her speech, it dropped to 6th.

This hurts more and more, to some of us...
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  #55  
Old 07.10.2016, 23:48
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

I've just explained to someone in London that the maximum unemployment benefit here (RAV) is now equivalent to an £80k salary.
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  #56  
Old 08.10.2016, 00:04
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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I've just explained to someone in London that the maximum unemployment benefit here (RAV) is now equivalent to an £80k salary.
How did that work out?
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  #57  
Old 08.10.2016, 00:25
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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I've just explained to someone in London that the maximum unemployment benefit here (RAV) is now equivalent to an £80k salary.
If you have children it's even more
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  #58  
Old 08.10.2016, 01:33
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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In other news, first images released of design for new £1 coin.
So a 20p is worth £1 now? Means I'm rich!
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  #59  
Old 08.10.2016, 04:12
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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In IT in 1999 day rates were CHF 1200 for anyone with a pulse, many of those people would dream of CHF 600 today. The rate in GBP of course has not changed very much.
So just before Y2K... I was back in London on 4 figures a day back then. You probably picked just about the worst date to compare to. The UK rates have changed a lot since then also.
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Old 08.10.2016, 09:11
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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Well thats about the size of the British Automobile industry these days a few small factories building replacement parts for peoples old Austin Healys or Robin Reliants.

Ha, you have to laugh at the feckwits who voted out, they have stitched everybody up including themselves. I don't think the pound will be strong again for a very long time or ever as Britain doesn't really have a great deal to offer the world anymore.

Funny thing is the Brexiters thought if they left the EU they would be dictating the terms of business, but actually its quite the opposite. It will affect Switzerland too as there isn't going to be any more niceties to those that chose to stay out in the first place. Nationalism is a sick thing.
I don't laugh at those who voted out any more than those who voted stay. If anything I laughed at the feckless ones who thought "out" would have no immediate, transitional, or long term negative effects, the same as I laughed at the stay voters who seem(ed) to want to refuse to recognise what appears to have been a properly counted democratic vote.

I don't know what the long term consequences of Brexit will be. I suspect that they will be a mixture of good and bad. At issue is how the good and the bad concentrates on any one subgroup of British society. Membership in the EU didn't affect the distribution of consequences as far as I can tell, I suspect non membership will affect it in just about the same way with one possible exception: Post Brexit politicians will not be able to stand aside and imply or let people think that their woes are the result of some outside group interfering in the nation's affairs. In that sense nationalism is not really that sick a thing, insofar as it says "As a group we are responsible for our own fate, and if we falter it is because some of us have gained enough power to lead us down a false path.".

Hopefully Brexit will turn out to reduce the prevalence of positions which start from "We are unhappy and it is someone else's fault, and there is nothing we can do about it without extreme measures." Even when this belief is true it generally doesn't help bring about positive change, because, amongst other things, it can lead to a particularly sick and dangerous kind of nationalism.
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