Why would the GBP rate impact Euro currency countries?
UK Market Selloff Slams Gilts, Pound, Piling Pressure on BOE
www.bloomberg.com
At this rate, Apple should be raising prices further across Europe.
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Other Pricing in Europe. Iphones didn't increase in the Us,but got painfully more expensive here [MERGED]
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UK Market Selloff Slams Gilts, Pound, Piling Pressure on BOE
At this rate, Apple should be raising prices further across Europe.
Bad news for us and Apple if they do that. They might as well pull out of the UK altogether.
because Euro is also devalued drastically (and Dollar gained value significantly at the same time)
OECD today predicted basically zero economic growth across Europe as a result of energy shortage and inflation. What’s happening economically in the UK isn’t much different from the rest of the continent.
Exchange rate issues. The Euro has been steadily losing ground against the dollar for whatever reason.
$1000=1036 euro today
$1000=854 euro a year ago
What IS up with the dollar vs euro right now? Is it perceived short-term stability due to the fact we don't need Russian oil? I don't know jack about currency markets but this one seems interesting.
Long term fundamental issues across EU. Germany is strongest in the EU and their output replies on skilled labor paired with inexpensive energy. That economic model is shot. ECB unable/unwilling to increase interest rates to fight inflation. Then there are a number of deadweight member states.