pound has dropped so much, arent you guys worried?

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    I have a lot of £ in my bank, could have bought something else that can retain value. Just didn't thought it would be this bad.
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    It has always been overvalued.
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    you should've brought bitcoin

    edit - a drop in the value of the pound means imports will cost us more. This means the poor will suffer more + the inequality of wealth will increase. As well as that to my memories didn't Nigel Farage say that voting brexit is for the working class?
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    If it's any consolation to you, Lord King (Former Bank of England Governor) said that the lower pound is a "welcome change". Speaking from New York, where he's currently teaching.
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    (Original post by novaDRGN)
    If it's any consolation to you, Lord King (Former Bank of England Governor) said that the lower pound is a "welcome change". Speaking from New York, where he's currently teaching.
    He gets paid in dollars and have seen his money gain 15% against the pound. No wonder he welcomes it.
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    (Original post by ckfeister)
    It has always been overvalued.
    Foreigners certainly agree with you. How much of your money have you changed into other currencies?
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    I am concerned at the increased cost of imported goods that may result- retailers warned about this only yesterday.
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    (Original post by zainyyyyy)
    you should've brought bitcoin
    Good idea for an investment
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    Lol who cares Britain is 'independent' now 😂
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    Yes it ain't great. Only things that can save it are an EU collapse andTrump getting elected :-)
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    No it's fine,won't have a huge impact on prices. Good for British exporters
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    Lol its just volatility calm down
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    (Original post by queen-bee)
    Good idea for an investment
    Erm I don't think so. Bitcoins are **** and their value is decreasing over time
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    (Original post by samantham999)
    Erm I don't think so. Bitcoins are **** and their value is decreasing over time
    interesting :curious: I thought it was a popular investment opportunity
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    (Original post by queen-bee)
    interesting :curious: I thought it was a popular investment opportunity
    Their value was very high a few years ago and trading bitcoin was very hot because it was so cool to see a digital currency fall or rise against real currencies but now its really about to crash and besides there is no market for it no matter how many small black market/ niche companies ask for bitcoin in their transactions.
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    Yeah, I mean I was against brexit, the pound's value decreasing was one of the reasons why I disagreed with brexit

    Posted from TSR Mobile
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    Couldnt care less, the increased value of my investments has more than covered the falling pound value.

    Regardless; having a weak pound isn't necessarily a bad thing.
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    (Original post by sweetstars)
    Yeah, I mean I was against brexit, the pound's value decreasing was one of the reasons why I disagreed with brexit

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    if you were so convinced of that as a certainty why did you not go out and panic buy foreign currency to then sell back now? Let's be honest; you, just like everyone else, didn't have a clue what would happen nor what the results (if any) will be.*
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    (Original post by zainyyyyy)
    you should've brought bitcoin

    edit - a drop in the value of the pound means imports will cost us more. This means the poor will suffer more + the inequality of wealth will increase. As well as that to my memories didn't Nigel Farage say that voting brexit is for the working class?
    yeah but every time it drops significantly it's only for a short amount of time and then it picks back up again quite a bit, so I don't think there will be THAT much effect on poorer people, unless it means supermarkets pass on the possibly slightly increased costs of importing their products to customers which again is unlikely unless it continually drops. Why would you say it would increase inequality? I'm only asking not trying to make it sound rude.
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    (Original post by Reue)
    if you were so convinced of that as a certainty why did you not go out and panic buy foreign currency to then sell back now? Let's be honest; you, just like everyone else, didn't have a clue what would happen nor what the results (if any) will be.*
    Don't think anyone did tbh!! People either listened to politicians which is possibly the worst idea ever imaginable considering some of the b.s. they go on about some times... Or they just went from their narrow thinking about immigrants or thinking the EU is some sort of hellish place, not sure why! But I think if people thought about it logically and some knowledge of idk Economics?! it may have been different + if 16-18 year olds would have voted it would have been majority remain for sure, which would have made more sense as we ARE the future generation, not the pensioners and over 65's whom don't like the EU because of history/past events.
 
 
 
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