Victory Brexit: consequences for Europe?

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Gaston
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Re: Victory Brexit: consequences for Europe?




by Gaston » 12/12/18, 10:58

In 3 months: 3,3% increase in wages, 2,2% inflation and 1,7% fall in the pound compared to the Euro ...

In the end, a 0,7% drop in purchasing power in euros (therefore for all products imported from Europe, including the majority of fruit and vegetables).
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Re: Victory Brexit: consequences for Europe?




by Christophe » 31/12/20, 15:01

Here it is ratified!

And in beauty!



: Shock: : Shock: : Shock:
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gegyx
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Re: Victory Brexit: consequences for Europe?




by gegyx » 31/12/20, 15:24

Gaston wrote:In 3 months: 3,3% increase in wages, 2,2% inflation and 1,7% fall in the pound compared to the Euro ...

Curious?
I just received a refund for a purchase not received, bought 2.5 months ago, in £, via paypal, and of the same value in £,
and I lost 4.3% in € at the exchange…

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Last edited by gegyx the 31 / 12 / 20, 15: 32, 1 edited once.
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GuyGadeboisTheBack
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Re: Victory Brexit: consequences for Europe?




by GuyGadeboisTheBack » 31/12/20, 15:29

gegyx wrote:
Gaston wrote:In 3 months: 3,3% increase in wages, 2,2% inflation and 1,7% fall in the pound compared to the Euro ...

Curious?
I just got a refund for a purchase not received, bought 2.5 months ago, in £, via paypal, and I lost 4.3% in € ...

Administrative fees, no doubt ... : Mrgreen:
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gegyx
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Re: Victory Brexit: consequences for Europe?




by gegyx » 31/12/20, 15:56

obviously, it is the bank of my visa card, which, even with a full refund in foreign currency, wins in both directions ...

on purchase 1 € = 0,8659 £
at reimbursement £ 1 = € 1,1 => € 1 = 1 / 1.1 = £ 0,90909
So effectively the £ has fallen, but the reimbursement in £ prevails.
Strange that the refund is not made on the entire commitment.

/ ah it will be fine, the bankers with the lantern!
(Ha, m ..., it is already the case!) : Mrgreen:
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Re: Victory Brexit: consequences for Europe?




by Did67 » 31/12/20, 16:07

gegyx wrote:obviously, it is the bank of my visa card, which, even with a full refund in foreign currency, wins in both directions ...

on purchase 1 € = 0,8659 £
at reimbursement £ 1 = € 1,1 => € 1 = 1 / 1.1 = £ 0,90909
So effectively the £ has fallen, but the reimbursement in £ prevails.
Weird


It has always been in exchange rates when they were there. The counters displayed a "buy" rate and a "sell" rate. The difference is called "margin" and generates what is called "profit". A bank is a commercial service ... paying!

One of the many advantages of the euro that has gone unnoticed is the elimination of exchange fees. Even automatic withdrawals ... [even if abroad some networks tax the use of their ATM - which is not an exchange fee!]

See for example "multichange" which buys and "multichange" which sells US dollars:

https://www.multi-change.com/cours-chan ... scQAvD_BwE
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Re: Victory Brexit: consequences for Europe?




by GuyGadeboisTheBack » 31/12/20, 18:40

gegyx wrote:obviously, it is the bank of my visa card, which, even with a full refund in foreign currency, wins in both directions ...

Why do you think the banks are rich? : Mrgreen:
And yes Did, the bank is a paid AND compulsory service.
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