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Next Season is going to be lot more Expensive!

 Poster: A snowHead
Poster: A snowHead
The OP from Wed 06 Jul, 16:

stanton wrote:
At the close: Markets enter reverse as Brexit strains stack up

1 Pound =$1.10 and €1.03 Coming !!!!

http://www.cityam.com/244909/sterling-crashes-analysts-slash-outlook

It's taken a long time, a lot longer than I'm sure stanton would have predicted - had he a real clue he would have said by when - but he could yet be right. Like a stopped clock is on occasion.
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 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
@Layne, If Hard Brexit on 31 Oktober...

I will be right...

Anysign of anything else ( deal,revoke #50) Sterling will be set for a rebound...

It is not Rocket Science..

Markets have ZERO confidence in Post Brexit UK...
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 Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
09/08/2019 13:00 (CET) the spot exchange rate is 1GBP = 1.078 EUR
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stanton wrote:
...It is not Rocket Science....
My girlfriend is actually a rocket scientist, if it helps. But of course you're right. 48% of the people are well aware of all this, mind.
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 Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
stanton wrote:
Markets have ZERO confidence in Post Brexit UK...


and not much confidence elsewhere in europe.............so much for the marvellous euro project

https://www.ft.com/content/cb2591ac-ba44-11e9-96bd-8e884d3ea203

https://www.reuters.com/article/eurozone-bonds-italy/update-2-italys-bond-yields-rise-after-salvini-calls-time-on-government-idUSL8N2551AQ

wonder if the Italian credit rating will wobble a bit later today?
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Sterling has taken another pounding after the UK’s economy was shown to have contracted in the second quarter, adding to the economic woes on top of no-deal Brexit concerns.

Should the UK leave with no-deal, the Pound is likely to remain weak for several years until the country and the EU readjusts..
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Then you can post your own questions or snow reports...
stanton wrote:
Sterling has taken another pounding …...Should the UK leave with no-deal, the Pound is likely to remain weak for several years until the country and the EU readjusts..


Totally agree with you Stanton! But surely...….. 17.4 million of the UK Electorate never actually voted for this, with BoJo and Gove egging them on. Now those two are in charge of Brexit and actually planning for a "No-Deal". Expect riots in the UK leading up to 31st October, food shortages and empty shelves in Tescos/Waitrose/Sainsburys (the UK supermarkets), civil unrest, mass demonstrations, power shortages/cuts ……………… water rationing.

We're all doomed, doomed DOOMED!!!!!!!!!!!!!!!!!!!

But I reckon I'm still going skiing a couple of weeks in the 2019/2020 season. Just like a lot of Snowheads! Toofy Grin
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 After all it is free Go on u know u want to!
After all it is free Go on u know u want to!
skimastaaah wrote:
empty shelves in Tescos/Waitrose/Sainsburys (the UK supermarkets), civil unrest, mass demonstrations, power shortages/cuts ……………… water rationing.


Muy local shops are coop and Lidl, and water is from the UK so no worries here snowHead snowHead
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martinm wrote:


My local shops are coop and Lidl, and water is from the UK so no worries here snowHead snowHead


Got an Aldi as well? You'll be well okay!

Shocked
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Absolutely shocking, the current strength (or lack) of the pound. I am somewhat gutted that we are going to be slaughtered on our Feb 2020 trip to Colorado... Shocked

That's small minded Little Britain for you I suppose Sad
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snowHeads are a friendly bunch.
Reality at Consumer level
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And love to help out and answer questions and of course, read each other's snow reports.
skimastaaah wrote:

Got an Aldi as well? You'll be well okay!

Shocked



Yep, but not quite as close snowHead
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 So if you're just off somewhere snowy come back and post a snow report of your own and we'll all love you very much
So if you're just off somewhere snowy come back and post a snow report of your own and we'll all love you very much
Now that some of the realities of a No-Deal-Brexit are becoming evolved, I've got to agree increasingly with Stanton! (Sadly!!!!!!!)

Sterling is going to take a considerable hit in the short and medium term, and this has an obvious effect on Euro holidays.

However, I still maintain that ultimately it will be the resorts that will "suffer" as Brit-skiers eat less on the mountain and in resort, drink less in the bars, stay in better priced hotels or locations, and generally cut their cloth accordingly. Families will still head for SC in French resorts, cheapies will still be Bulgaria and Andorra, Italy will draw in more UK skiers, Switzerland will suffer the greatest loss, Austria will remain Austria, and make adaptations so that UK skiers still find skiing attractive there.
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 You know it makes sense.
You know it makes sense.
It’s a double whammy, climate change and Brexit.
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 Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
I really want a stronger pound, not madly so, just say back to 1.2 against the euro, but agree with skimastaaah, I have scope to cut back, few less beers and wine, maybe one less meal out and it'll cost about the same. I'll still have a great holiday as the skiing is the main thing but the bars and restaurants will take less. Same with summer holiday, enjoy the eating and drinking but still scope to cut back and enjoy the main part of the holiday. If the pound stays low for an extended period will consider going to cheaper parts or world that want to visit at some stage but poor exchange rate may just bring those trips forward.
If us Brits do have to cut back there will be health benefits so we become a leaner, fitter nation. To quote Radiohead, "Happier, more productive..."
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 Poster: A snowHead
Poster: A snowHead
@No Style, We seldom cut back on the unhealthy things. If austerity made us healthier then the poor would be living longer, smoking and drinking less and be less obese than the rich. It ain’t so.
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 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
I was playing devil's advocate. In Orwell's Road to Wigan Pier he mentions how people in dire straights always seemed to scrape money together for cheap but unhealthy treats and little seems to have changed in nearly 100 years.
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 Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
10/08/2019 the spot exchange rate is 1GBP = 1.06 EUR

1GBP lowest against US$ in 34yrs 1985.

SELL Sterling convert into safe €euros or SwissFranc ..Gold
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stanton wrote:
10/08/2019 the spot exchange rate is 1GBP = 1.06 EUR

1GBP lowest against US$ in 34yrs 1985.

SELL Sterling convert into safe €euros or SwissFranc ..Gold


March 2009 £1 = 1.03 Euros!


Still a bit of a drop yet for Sterling.
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 Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
stanton wrote:
10/08/2019 the spot exchange rate is 1GBP = 1.06 EUR

1GBP lowest against US$ in 34yrs 1985.

SELL Sterling convert into safe €euros or SwissFranc ..Gold


Markets closed on weekends, so spot price is always lower.
Never change holiday money on a weekend!
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The day before Brexit vote GBP = 2.11 CAD now =1.59. Terrifying.
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 Then you can post your own questions or snow reports...
Then you can post your own questions or snow reports...
On the positive side the UK must be getting very cheap for international visitors, particularly if travelling outside the capital. That should be good news for our balance of payments.

Must be some good bargains on Scottish season passes snowHead
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 After all it is free Go on u know u want to!
After all it is free Go on u know u want to!
"..March 2009 £1 = 1.03 Euros! …"


1.02 in December 2008 !!
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There are some individuals on this Forum living in a denial status..

https://www.standard.co.uk/news/uk/pound-to-euro-dollar-exchange-rate-no-deal-brexit-value-a4211551.html
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Denial, that's in Egypt and not sure skiing is up to much. Although there is some sand skiing I believe
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snowHeads are a friendly bunch.
Europe this up coming winter is looking a bit more attractive for this Yank. Might have to consider a stopover in London to help the economy out on the way back...
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 And love to help out and answer questions and of course, read each other's snow reports.
And love to help out and answer questions and of course, read each other's snow reports.
LIVE: Sterling set to hit new 10-year low within weeks, says major forecaster ING

The bank said sterling EURGBP=D3 could fall to 95 pence per euro this quarter and that the British economy would feel the pressure too.

https://www.reuters.com/article/us-britain-eu-ing/ing-says-brexit-heading-towards-delay-with-40-chance-of-an-uk-election-idUSKCN1V30NN
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 So if you're just off somewhere snowy come back and post a snow report of your own and we'll all love you very much
So if you're just off somewhere snowy come back and post a snow report of your own and we'll all love you very much
@stanton, Doomed we all are!! snowHead

BUT....……… the sun will still rise, snow will still fall, and I'll still go skiing despite the consequences of Deal or No Deal Brexit.

Okay so Lift pass and Hotel prices are going to be much more expensive, however...……...
I still maintain that the real losers in a poor exchange rate with Sterling will be the in-resort services. I'll change my skis 20/21 season and not 19/20. My ski boots will last yet another season longer, I'll not buy new gloves, new ski-pants, new ski jacket this year, I've already bought new ski goggles, helmet, out of season in ridiculous sales and stupidly low prices. So no low value GBP exchange rate for new ski gear on my next couple of trips. My only worry is that the Edelweiss resto in Le Fornet has left out the Gourmet Steak-Burger with White Truffles from the A La Carte (defo the best on-mountain burger anywhere for 35 Euros), and that a bottle of the Batard-Montrachet does not go much above 300 Euros a bottle! That would mean I'd got to go for the Corton Grand-Cru.
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 You know it makes sense.
You know it makes sense.
@skimastaaah,

Folks should go Skiing/Snowboading NOT Shopping! But if you must we will carry on charging you way above normal prices. Dont forget to Tip!
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 Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
stanton wrote:
@skimastaaah,
Dont forget to Tip!


thought you said europeans get paid enough & dont need tips.
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 Poster: A snowHead
Poster: A snowHead
stanton wrote:
@skimastaaah,

Folks should go Skiing/Snowboading NOT Shopping!


YOU are COMPLETELY ignorant of some aspects of a ski holiday!
I for one, do not want to buy the ranges of ski gear carried by an over-priced set of UK based ski-retailers! There is a much better selection of European ski gear manufacturers in European ski resorts than the (often "fashion") ski stuff of UK high street retailers. Greater ranges of both ski hard wear and ski clothing, frequently at much better prices. For some one like your self who spends a considerable time in a ski resort, "shopping" is not a conscious nor obvious thing. I go skiing …. yes! BUT I take advantage of a much wider range of ski-goodies! I doubt that I'm alone in this!
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 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
@skimastaaah, Stop Whinging ..
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 Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
stanton wrote:
@skimastaaah,

Folks should go Skiing/Snowboading NOT Shopping! But if you must we will carry on charging you way above normal prices. Dont forget to Tip!


what is this "we" ?
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@Zorrac, he's a taxi driver our Nigel - he likes his tips
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 Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
@skimastaaah, he likes to pretend he's a hardcore ski bum who is out from first dawn to late evening shredding hardcore lines off-piste

No-one believes him

Me I like a bit of retail therapy as well
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stanton wrote:
@skimastaaah, Stop Whinging ..



Pot,...…….. Kettle,...……….. Black.

*quiet aside. soto voce* ……. Stanton, …. I'm taking the pi$$. Toofy Grin
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@Boris, He's easy to spot in the Taxi rank at St Anton ………….. the 7 year old Skoda estate with Dutch plates. wink
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 After all it is free Go on u know u want to!
After all it is free Go on u know u want to!
Quote:

I really want a stronger pound, not madly so, just say back to 1.2 against the euro

From a macro economics point of view, why would you want that? A weak currency is supposed to be great for the overall economy. If the pound is 20% weaker vs the euro, than that should negate a 20% tariff imposed on UK exports, non? The best hand China has in the trade war vs Trump is de-valuating the Yuan (at least from what I've read). So a weaker pound shouldn't be a worry for the EU rather than UK?
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It was from a cash in the pocket on holiday point of view, nothing more involved than that.
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@sugardaddy, Doesn't China produce much of it's raw materials too though? From what I understand, many of the UK's manufacturers have to buy their raw material from overseas which negates the positive effects of selling with a weak pound.
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