The pound is one of the most overvalued currencies in the world and will suffer next year as the Government ramps up spending cuts and uncertainty about Britain’s future in the EU weighs on growth.
Analysts at Deutsche Bank warned that the Bank of England may not be able to raise interest rates “at all” if Britain’s recovery slows.
It believes the pound could fall as low as $1.27 next year and $1.15 in 2017 from about $1.485 today if the US Federal Reserve continues to tighten monetary policy and the Bank of England leaves interest rates on hold.
This was written in 2015 !!
Sorry to keep spoiling the blame Brexit fans, told you so mentality.
John, I thought you were using your own machines to make this in China? I'm guessing the QC was in China; if so why did they go ahead and send anyway....Anyway, it seems to me to be a minor issue and a fix should be possible, maybe a final polishing step is required.
I'm OK for a 15% price increase (I did vote Brexit after all).
we are doing everything reduce the cost impact.
So is it purely coincidental that the pound collapsed to near historic lows against the US$ directly after the Briexit vote?
If Greece leaves the Euro in the next few weeks, I suspect that sterling will strengthen.
No it was going to happen anyway, just a question of when, brexit was the catalyst for the inevitable reaction.
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Great You cannot ask for better then that
Just as getting shot can sometimes be the catalyst for death. I see what you mean.
In cabinet making we have a saying- 'shit happens'
Brexit or not.
It's a bit like eating a Vindaloo....self-inflicted shit happens.In cabinet making we have a saying- 'shit happens'
Brexit or not.
No it was going to happen anyway, just a question of when, brexit was the catalyst for the inevitable reaction.
Both Deutsche Bank and the International Monetary Fund predicted this in 2015.
If Greece leaves the Euro in the next few weeks, I suspect that sterling will strengthen.
Seriously you factually be live this
As you no longer have a financial interest in the project it would maybe be better to keep your thoughts to yourself?
Crystal arrived today, fitted and replaced two 470μF caps but sadly also spotted a duff 330μF (I think) and I don't have any.
I also finally built my Calex PSU and put my MDAC back in its case, it's been a mess for a long time, I finally have a switch so I no longer have to unplug the calex to power down.
Thanks John.
Now to catch up on todays posts in this thread.
As you no longer have a financial interest in the project it would maybe be better to keep your thoughts to yourself?
That is good, but, please, do not choose inferior parts just because to reduce cost.
Having memory trouble BE718?
I guess they are aluminium foil versions, there used to be some NOS copper foil parts out there word on the street was they were somewhat better but never managed to find any at a value I could use. Maybe an option for FDAC