Topic filter : Depreciation

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....”. Forster said sterling’s depreciation since the referendum had already hurt LTC’s profit margins, but added: “We will somehow live with it. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 07:51:15 AM
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....Broadbent added that the flipside of weaker retail spending was that UK goods sold overseas had become cheaper. “While it’s hit the income of households, however, the depreciation has come as a boon for many exporters. ... [Read full article on Guardian ]
Thursday 23rd of March 2017 10:37:42 AM
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.... The pressure on import costs has sparked some high-profile price tussles between suppliers and retailers, such as the row over Marmite last year. Earlier this year, Apple said it was raising prices in its UK app store by almost 25% to reflect sterling’s sharp depreciation. ... [Read full article on Guardian ]
Saturday 18th of March 2017 03:59:43 PM
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Latest Finance News related to Depreciation

UK retail sales shrug off Brexit fears with February rise image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:37:42 AM
....Broadbent added that the flipside of weaker retail spending was that UK goods sold overseas had become cheaper. “While it’s hit the income of households, however, the depreciation has come as a boon for many exporters. ...
Rising prices set to push inflation over 2% Bank of England target image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
.... The pressure on import costs has sparked some high-profile price tussles between suppliers and retailers, such as the row over Marmite last year. Earlier this year, Apple said it was raising prices in its UK app store by almost 25% to reflect sterling’s sharp depreciation. ...
UK economy will grow more strongly than expected, says BCC image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:01:15 AM
....The upside to the weak pound for the economy would be some support for exports, he added. Sterling’s sharp depreciation since the referendum has helped make UK goods cheaper in overseas markets and there has been some evidence that exports have picked up as a result. ...
Iceland to end capital controls from 2008 financial crisis image
Source : BBC [Read Article] Sunday 12th of March 2017 03:14:37 PM
....". Capital controls were implemented in 2008, with the support of the International Monetary Fund (IMF), to shield the economy from severe depreciation. ...
Philip Hammond's budget is a long way from tackling future challenges | Larry Elliot image
.... Real incomes were always going to be squeezed this year by welfare cuts, pay restraint in the public sector and the rising inflation caused by the bounce back in oil prices. The depreciation of the pound that followed the referendum has made the squeeze on living standards more acute. ...
UK economy cooling after post-Brexit vote growth, surveys show image
Source : Guardian [Read Article] Friday 3rd of March 2017 11:12:26 AM
....“Business confidence nonetheless remained strong, with service providers indicating that optimism was little changed from the post-referendum high recorded at the start of this year,” it said. Simon Wells, chief European economist at HSBC, said: “Against a backdrop of wage growth rising only slowly, the sharp rise in inflation resulting from the oil price rise and sterling depreciation over the past year or so is weighing on consumer finances and spending power. ...
Middle-aged dog walkers to lead Mountain Warehouse across US image
Source : Guardian [Read Article] Monday 27th of February 2017 09:35:52 AM
....The retailer’s expansion has not been derailed by the Brexit vote, with the buoyant sales picture encouraging it to press on with 20 UK store openings this year. Last autumn Neale feared its clothing prices would have to rise following the devaluation of sterling against the dollar but says the depreciation of China’s renminbi against the greenback – as well as better deals struck with suppliers keen to get their hands on its high volume orders – means they are no longer necessary. ...
Barclays full-year profits almost treble to £3.2bn image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:02:21 PM
....Simon Jack: Barclays boss has reasons to be cheerful. Investec analyst Ian Gordon said that Barclays had benefitted from the sharp depreciation of the pound against the dollar following the Brexit vote, and that its investment bank revenues had also helped its performance. ...
Missing wage rises give lie to picture of full employment | Larry Elliott image
Source : Guardian [Read Article] Wednesday 15th of February 2017 11:49:11 AM
....Whatever the explanation, the evidence suggests that there is still spare capacity in the labour market. There is no immediate prospect of the depreciation of sterling triggering the price-wage spiral feared by the Bank of England, which is why interest rates will remain at their current rock-bottom levels. ...
Twitter: not even Donald Trump can help it make a profit | Charles Arthur image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:19:50 PM
....But Twitter doesn’t seem to have a knack for making money from what it does, even though millions wait breathlessly to see what will pop up on it next. Its earnings before interest, tax, depreciation and amortisation figures show a profit – $215m, up from $191m a year before – but that excludes stock compensation, restructuring and various other expenses. ...
UK industry is on a roll – but inflation could send it on the slide | Larry Elliott image
.... The past six months have brought an end to the disinflationary period that began with the sharp fall in oil and other commodity prices in 2014. Firms have been hit by a double whammy: rising oil prices and a depreciation of the pound. ...
UK manufacturing's strong January is dented by spike in import costs image
Source : Guardian [Read Article] Wednesday 1st of February 2017 01:49:03 PM
....5 in December. This emphatically shows that the benefits to manufacturers from sterling’s depreciation remain far too modest to outweigh the costs for the rest of the economy in terms of high inflation. ...
UK growth forecast upgraded amid warning over inflation image
Source : Guardian [Read Article] Wednesday 1st of February 2017 06:30:09 AM
....NIESR said it remained convinced that the economy would slow this year as higher inflation reduced consumer spending power. “We expect the composition of growth to rebalance towards net trade, as the headwinds facing households from the erosion of their real incomes weigh on consumer spending while the depreciation of sterling supports net trade,” said Simon Kirby, NIESR’s head of macroeconomic forecasting. ...
Pokémon Go and no sign of stopping: Apple’s App Store sales boom image
Source : Guardian [Read Article] Saturday 28th of January 2017 03:59:04 PM
....”. Earlier this month, Apple flexed its muscles by raising prices on the UK App Store almost 25% to counter the depreciation of the pound after the Brexit vote. ...
UK GDP growth shows consumers spending despite Brexit worries | Larry Elliott image
.... It has been the service sector that has been keeping the economy going over the past six months, with retailing and hospitality especially strong. Hammond said at Microsoft that while he expected the fall in the value of the pound to slow consumer spending through its impact on imports, he had been pleasantly surprised by how slow the effects from the depreciation of the pound had been. ...
Beer prices rise amid sobering threat of Brexit-related inflation image
Source : Guardian [Read Article] Tuesday 24th of January 2017 06:22:37 PM
....“Beer in the UK is made predominantly using domestic raw materials,” said BBPA head Brigid Simmonds. “However, the depreciation of sterling certainly means there will be some inflationary pressures through increased costs such as raw materials, packaging, energy and transport costs as well as employment and other cost pressures all businesses face. ...
Formula One pulled a fast one on the US taxman – and it's all perfectly legal image
.... And under its shiny hood beats a powerful business engine. According to its latest financial statements, Delta Topco generated earnings before interest, tax, depreciation and amortization (Ebitda) of $463. ...
Philip Hammond blames Tony Blair for Brexit vote image
Source : Guardian [Read Article] Friday 20th of January 2017 12:20:18 PM
....“A floating exchange rate is a smooth and efficient transmission mechanism that deals very effectively with an external shock,” the chancellor said. “But currency depreciation is now feeding into inflation which will increasingly affect consumer behaviour this year, hence the lower forecast for growth in 2017. ...
Apple increases App Store prices by 25% following Brexit vote image
Source : Guardian [Read Article] Tuesday 17th of January 2017 10:31:05 AM
. Apple is raising prices on its UK App Store by almost 25% to reflect the sharp depreciation of the pound following June’s vote to leave the European Union. ...
UK inflation hits two-year high of 1.6% image
Source : Guardian [Read Article] Tuesday 17th of January 2017 10:13:33 AM
....The pound is down 17% against the dollar since the referendum, and the pressure on import costs has already sparked some high profile price tussles between suppliers and retailers, such as the row over Marmite last year. Apple said on Tuesday that it was raising prices on its UK app store by almost 25% to reflect sterling’s sharp depreciation. ...
Bank of England ‘keeping close eye on consumer spending’, says Carney image
.... Not acting then would have cost an extra quarter of a million jobs, Carney said. “Fully offsetting the persistent effects of sterling’s depreciation on inflation would have required exerting further downward pressure on domestic costs. ...
How to break costs: Drive a hard bargain if changing your car image
Source : Daily Express [Read Article] Sunday 15th of January 2017 12:01:00 AM
....DEPRECIATION. The attraction of leasing or PCP is that you steer clear of the hassle of selling your car on and also avoid the biggest scourge facing new car buyers: depreciation. ...
Food prices to soar after sterling collapse, warn retail chiefs image
Source : Daily Express [Read Article] Sunday 15th of January 2017 12:01:00 AM
.... . He said: “Inflation should increase further as sterling’s depreciation continues to work its way through the supply chain and the falls in fuel and food prices at the start of 2016 drop out of the inflation rate. ...
UK firms brace for further Brexit price rises, surveys show image
Source : Guardian [Read Article] Monday 9th of January 2017 12:01:02 AM
....Separate research by the Federation of Master Builders found 70% of the 232 UK construction companies it polled had recorded an increase in material prices owing to the pound’s fall since the Brexit vote. Sarah McMonagle, director of external affairs at the group, said: “Thousands of smaller building firms are grappling with the rising cost of materials caused by the depreciation of sterling since the EU referendum. ...
Bumper year ahead for British tourism thanks to pound slump image
Source : Guardian [Read Article] Thursday 29th of December 2016 05:53:58 PM
....7% rise in inflation next year, the group said the 10%-plus fall in the value of the pound against the euro and the dollar since the EU referendum in June meant tourists’ budgets would now stretch further. The currency depreciation triggered by the result of the June referendum has left sterling hovering at its lowest level against the dollar for more than 30 years. ...
Bitcoin enjoys end of year price surge image
Source : BBC [Read Article] Friday 23rd of December 2016 12:16:42 PM
....The steady upward progress has continued despite regular hack attacks on virtual currency exchanges in which coins have been stolen. Experts said the rise in value was linked to the long-term depreciation of the Chinese Yuan. ...
Value of bitcoins in circulation hits record high of $14bn image
Source : Guardian [Read Article] Thursday 22nd of December 2016 04:27:03 PM
....The price of one bitcoin reached $875 on the Europe-based Bitstamp exchange, its strongest level since January 2014, putting the cryptocurrency on track for its best daily performance in six months. That compared with levels around $435 at the start of the year, with many experts linking bitcoin’s rise with the steady depreciation of the Chinese yuan, which has slid almost 7% in 2016. ...
Retail sales up ahead of 2017 slowdown image
Source : BBC [Read Article] Tuesday 20th of December 2016 12:23:26 PM
...."It's encouraging to see retailers reporting another month of healthy sales growth leading up to the festive season, which rounds off a fairly solid quarter," said Ben Jones, CBI principal economist. However, he added: "While we still expect to see decent growth in the near term, the pressures on retail activity are likely to increase during 2017, as the impact of sterling's depreciation feeds through. ...
CBI health check reveals UK Christmas shopping splurge image
Source : Guardian [Read Article] Tuesday 20th of December 2016 12:01:18 PM
....Ben Jones, CBI principal economist, said: “It’s encouraging to see retailers reporting another month of healthy sales growth leading up to the festive season, which rounds off a fairly solid quarter. “While we still expect to see decent growth in the near term, the pressures on retail activity are likely to increase during 2017, as the impact of sterling’s depreciation feeds through. ...
Why is UK inflation rising so quickly? Blame Brexit and the oil price image
Source : Guardian [Read Article] Tuesday 13th of December 2016 01:38:38 PM
....20 a litre. The second factor is the 15% depreciation of the pound since the EU referendum in June. ...
Inflation hits highest level in more than two years image
Source : Guardian [Read Article] Tuesday 13th of December 2016 09:35:40 AM
....Alan Clarke, economist at Scotiabank, said: “There was a scattering of monthly increases for exchange rate sensitive components that were higher than the seasonal norm. This to me represents the early signs of the pound’s depreciation feeding into the inflation data. ...
UK trade gap narrows despite fears of Brexit slowdown image
Source : Guardian [Read Article] Friday 9th of December 2016 11:40:23 AM
....ONS statistician Hannah Finselbach echoed that: “Following the EU referendum the UK trade deficit widened in the third quarter of 2016 and then in October it narrowed again,” she said. “There remains only limited evidence so far that the depreciation of sterling has led to a marked increase in UK exports. ...
UK trade deficit narrows in October image
Source : BBC [Read Article] Friday 9th of December 2016 10:38:11 AM
.... . "There remains only limited evidence so far that the depreciation of sterling has led to a marked increase in UK exports. ...
Capita shares dive to 10-year low after profit warning image
Source : Guardian [Read Article] Thursday 8th of December 2016 11:20:33 AM
....Net debt is now expected to be some 2. 9 times earnings before interest, depreciation and amortisation – up from a target already raised to 2. ...
UK manufacturing falls in October, ONS figures show image
Source : BBC [Read Article] Wednesday 7th of December 2016 10:21:58 AM
.... . "Sterling's pronounced depreciation this year is expected to pass through to the consumer prices throughout the course of 2017 and 2018, eroding the purchasing power of households substantially. ...
Occupancy and revenues rise at Four Seasons Health Care image
Source : Guardian [Read Article] Tuesday 29th of November 2016 04:10:02 PM
.... Revenues rose 9% to £174. 3m in the three months to 30 September, and earnings before interest, tax, depreciation and amortisation climbed 40% to £19. ...
Autumn Statement: Big increase in borrowing predicted image
Source : BBC [Read Article] Wednesday 23rd of November 2016 01:29:37 PM
....Your questions answered. The lower growth next year is blamed on lower investment and weaker consumer demand "driven respectively by greater uncertainty and by higher inflation resulting from sterling depreciation". ...
UK inflation rate dips to 0.9% image
Source : Guardian [Read Article] Tuesday 15th of November 2016 10:25:21 AM
....The Office for National Statistics said that in addition to cut-price clothes and university fees, inflation was dragged down by offers on toys and games, reductions in the cost of overnight hotel stays and falling prices for non-alcoholic drinks. While the ONS said there was no evidence that the depreciation of sterling since the Brexit vote in June had led to dearer prices in the shops, there were signs of the exchange rate affecting the cost of manufactured goods leaving factories. ...
Easyjet profits tumble after year of 'challenges' image
Source : BBC [Read Article] Tuesday 15th of November 2016 07:28:21 AM
.... . The airline has also been hit by sterling's sharp depreciation since the Brexit referendum. ...
UK new car sales rose by 1.4% in October image
Source : Guardian [Read Article] Friday 4th of November 2016 11:29:53 AM
.... Most cars are imported, and those that are assembled here rely on components made abroad. He noted: “Recent increases in list prices by manufacturers in response to sterling’s depreciation, averaging about 2%, likely have contributed to depressing sales too. ...
Egypt allows its currency to float freely image
Source : BBC [Read Article] Thursday 3rd of November 2016 09:09:12 AM
.... Inflation is in double figures and there is what the IMF calls an "elevated" deficit in the country's international trade. The sharp currency depreciation will improve competiveness and should in time help to bring down the trade deficit. ...
UK manufacturing exports rise but price pressures grow image
Source : BBC [Read Article] Tuesday 1st of November 2016 11:39:14 AM
...."Despite slowing from September's highs, growth of output and new orders continued to defy expectations, rising at marked rates and supporting the fastest job creation in a year. "The main topic of the latest PMI survey was, however, the impact of the sterling depreciation on manufacturers. ...
Manufacturing exports boosted by pound image
Source : BBC [Read Article] Monday 24th of October 2016 11:14:09 AM
.... . However, the sharp depreciation in sterling has had its downside. ...
UK inflation at 1% as price of clothes and fuel rises image
Source : BBC [Read Article] Tuesday 18th of October 2016 08:33:31 AM
....Chris Williamson from forecasters IHS Markit said the Bank's target could be "breached within months, though much depends on the exchange rate and the extent to which costs continue to rise". The CBI business lobby group agreed, saying: "It's still too soon for sterling's recent depreciation to affect today's inflation figures, however we do expect it to push up prices through the course of next year, which will hit the pound in people's pockets. ...
UK economy 'faces prolonged weakness', Item Club report says image
Source : BBC [Read Article] Sunday 16th of October 2016 11:27:35 PM
...."The pressure on consumers and the cautious approach to spending by businesses mean that the UK is facing a period of relatively low growth," he said. The report said that exporters will benefit from the depreciation of sterling, which last week tumbled against a basket of currencies. ...
UK new car sales rise in September image
Source : BBC [Read Article] Wednesday 5th of October 2016 09:44:39 AM
.... But Samuel Tombs, chief UK economist at Pantheon Macroeconomics, warned consumers were "recoiling" from making big-ticket purchases due to uncertainty about the economy. "Car manufacturers also are beginning to raise prices in response to sterling's depreciation," he added. ...
The levy was dry image
Source : BBC [Read Article] Tuesday 4th of October 2016 12:04:38 PM
....But given that not all the money invested in his casinos, his hotels and his failed Trump Shuttle airline was his own, it's difficult to know how his personal tax loss could have been that great. Some tax experts believe the figure could well have been a paper loss, inflated by accounting techniques, such as allowing for depreciation of assets' market value. ...
Join a club that can help drive down the cost of car ownership image
Source : Guardian [Read Article] Monday 3rd of October 2016 05:59:09 AM
.... For occasional drivers, running small errands or taking the odd day trip, there are savings to be made. Of course, this is balanced against the fact that car club members avoid the hefty upfront cost of buying a car, depreciation, and the subsequent expense of buying a replacement. ...
Alton Towers starts to see recovery in trade image
Source : BBC [Read Article] Thursday 29th of September 2016 06:38:29 AM
UK inflation rate holds steady at 0.6% image
Source : BBC [Read Article] Tuesday 13th of September 2016 08:33:23 AM
....True, inflation is still low. In 2011 it was above 5% as the effects of sterling's financial crisis depreciation fed through to higher prices. ...
UK trade deficit shrinks in July image
Source : BBC [Read Article] Friday 9th of September 2016 09:13:52 AM
....The pound was 15% lower against other currencies in July compared with the same time a year ago, the ONS said. The ONS points out in its release that the general consensus among economic commentators is that the recent depreciation in the pound should boost export and manufacturing competitiveness. ...
Pound jumps as UK manufacturing activity rebounds image
Source : BBC [Read Article] Thursday 1st of September 2016 09:34:50 AM
...."The August PMI data indicate a solid rebound in the performance of the UK manufacturing sector from the steep downturn that followed the EU referendum," said Rob Dobson, senior economist at IHS Markit. "The domestic market showed a marked recovery, especially for consumer products, while the recent depreciation of sterling drove higher inflows of new business from the US, Europe, Scandinavia, Middle East and Asia," he added. ...
Fuel prices push up UK inflation rate to 0.6% image
Source : BBC [Read Article] Tuesday 16th of August 2016 08:37:00 AM
....Against the dollar, the pound is some 13% below its level in the run-up to the referendum and 10% lower against the euro. "Sterling's depreciation ensured that pump prices rose by 0. ...
Opel head says 'Brexit decision not a good omen' image
Source : BBC [Read Article] Thursday 21st of July 2016 04:14:13 PM
.... . It said it was concerned about currency depreciation and market disruption. ...
Flights and fuel push everyday prices 0.5% higher image
Source : BBC [Read Article] Tuesday 19th of July 2016 08:36:15 AM
....". He added inflation was likely to rise further in coming months as the impact of sterling's depreciation feeds through, "breaching the Bank of England 2% target next year, possibly by some margin". ...
UK current account deficit remains near record image
Source : BBC [Read Article] Thursday 30th of June 2016 08:59:57 AM
.... . He said: "We would expect the current account deficit to narrow significantly from this point onwards, through a combination of the impact of the sizeable depreciation of the pound on exports and more subdued demand for imports. ...
Weak pound 'could raise supermarket prices' image
Source : BBC [Read Article] Tuesday 28th of June 2016 11:05:45 AM
....4% in the four weeks to the end of 18 June, marking the first rise in almost a year, said the Brexit vote could change shoppers' behaviour in the long term. "We can expect some change in consumer sentiment and, possibly, a return to low inflation next year - should sterling's depreciation continue and global commodity prices strengthen," added Mike Watkins, Nielsen's UK head of retailer and business insight. ...
Giorgio Armani revenues hit by China slowdown image
Source : Guardian [Read Article] Wednesday 1st of June 2016 01:03:09 PM
....55bn. The Milan-based group, whose products include accessories, cosmetics and furniture, and the more affordable Armani Exchange range, said earnings before interest, tax, depreciation and amortisation edged up 1% to €513m last year, from €507m in 2014. ...
Fed chief Janet Yellen says interest rates will rise 'in coming months' image
.... While she did not mention what those risks are, the Fed had previously focused on risks posed by Britain’s potential exit from the European Union, “Brexit”, and by the lingering uncertainty over China’s economy. Yellen also pointed out that the unemployment rate is nearing full employment, labor participation has increased in the past few months, and that oil prices and dollar depreciation, which can influence inflation, have both stabilized. ...
Burberry to overhaul retail operations after 10% fall in profits image
Source : Guardian [Read Article] Wednesday 18th of May 2016 07:39:27 AM
....“While we expect the challenging environment for the luxury sector to continue in the near term, we are firmly committed to making the changes needed to driver Burberry’s outperformance,” said Christopher Bailey, who combines the roles of chief designer and chief executive. The efficiency programme will cut the group’s operating costs by about 10% excluding fixed rent and depreciation, it said on Wednesday, and deliver cost savings of at least £100m by 2019. ...
Brexit could shift Europe's political centre of gravity, says Fitch image
....”. Brexit would reduce EU exports to the UK, although the extent would depend on the nature of any UK-EU trade deal and the degree and duration of sterling depreciation, Fitch said. ...
Brexit would prompt stock market and house price crash, says IMF image
Source : Guardian [Read Article] Friday 13th of May 2016 09:30:23 AM
....”. The IMF said there would only be a limited boost for net exports caused by an abrupt sterling depreciation and this would only partly offset the hit to GDP from reduced consumption and investment. ...
UK industry falls back into recession image
Source : Guardian [Read Article] Wednesday 11th of May 2016 10:39:31 AM
.... But we still expect things to look up as the year progresses. “Sterling’s recent depreciation and our expectations that global growth will pick up slightly in 2016 should allow the sector to return to modest growth later this year. ...
Hedge funds have a lot to answer for, no wonder they're paid so well image
Source : Guardian [Read Article] Tuesday 10th of May 2016 06:44:41 PM
.... That’s for a business where revenues were £82. 6m in the last full financial year and top-line earnings (before tax and depreciation) were £8. ...
Is the Tesla 3 the electric car that will change everything? image
Source : Guardian [Read Article] Saturday 7th of May 2016 06:00:06 AM
.... One Guardian Money reader recently saw her car insurance double to £600 a year when she replaced a diesel Golf with a Nissan Leaf – although the newness of the Leaf would have been a factor in the increase. The big unknown is depreciation – the biggest cost of car ownership. ...
Is the Tesla 3 the electric car that will change everything? image
Source : Guardian [Read Article] Saturday 7th of May 2016 06:00:06 AM
.... One Guardian Money reader recently saw her car insurance double to £600 a year when she replaced a diesel Golf with a Nissan Leaf – although the newness of the Leaf would have been a factor in the increase. The big unknown is depreciation – the biggest cost of car ownership. ...
Devaluation is a dangerous game. But Britain may have to try it image
Source : Guardian [Read Article] Sunday 1st of May 2016 08:00:49 AM
....And the impact on inflation – which is already well below the official target – would hardly be sensational. But he distinguished between the effects of such a depreciation arising “for no underlying reason” and a run on sterling that might result from a vote to leave the European Union – commonly known as “Brexit”. ...
Brexit is a risk to UK growth, says Carney image
Source : Guardian [Read Article] Tuesday 19th of April 2016 06:44:51 PM
.... So how can you say this is a reasonable assumption, as you did earlier?”. Carney responded: “Any positive impact of a [sterling] depreciation on activity would need to be set against any net negative impacts [whether on investment, consumption, exports or potential supply] stemming from its underlying cause. ...
Pure Gym buy-up of LA Fitness lifts revenues image
Source : Guardian [Read Article] Friday 15th of April 2016 09:14:30 AM
....The Leeds-based chain, Britain’s biggest gym operator with 150 outlets across the country, made revenues of £125m in 2015. Earnings before interest, tax, depreciation and amortisation climbed 46% to £28m. ...
World's poorest countries rocked by commodity slump and strong dollar image
Source : Guardian [Read Article] Sunday 10th of April 2016 01:25:32 PM
....At the same time, a drop in their currencies against the US dollar were making it harder for governments in poor countries to make debt payments in dollars, the anti-poverty campaigners said. “Many impoverished country governments are being hit by the fall in prices for the commodities they export, and large depreciations of currencies against the dollar,” said Tim Jones, economist at the Jubilee Debt Campaign. ...
Protectionism was a mistake 80 years ago. Is the world now set to repeat it? image
....A major escalation of protectionism is now likely to manifest itself in two ways. First, the G20’s commitment to refrain from competitive currency depreciations will come under increasing strain. ...
Interest rate cuts: talk is cheap, Glenn Stevens may soon have to act | Greg Jericho image
.... The major trading powers in the world – the US, Europe, Japan and China – are all indulging in some form of aggressive monetary policy which affects the value of their currencies. Whether it be quantitative easing, negative interest rates, or the depreciation of the yuan, countries are competing against each other in a currency war to try to keep the value of theirs down in order to assist with exports. ...
The steel crisis shows Britain has given up on industry. But it doesn’t have to | Bryan Gould image
....But the exchange rate is decided by the market, we are told – we couldn’t change it even if we wanted to. But if that were true, how is it that other countries have engineered lower exchange rates without difficulty and do so regularly? Just ask the Chinese, or prime minister Abe of Japan, who has brought about a depreciation in the yen’s value of more than 30%. ...
Britain's free market economy isn't working image
Source : Guardian [Read Article] Sunday 3rd of April 2016 10:26:45 AM
.... Consumer spending takes a hit because goods cost more in the shops while manufacturers get a boost because their products are more competitive on world markets. Such a depreciation would almost certainly be triggered by a decision to leave the EU in the referendum on 23 June. ...

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