MercoPress. South Atlantic News Agency
The Pound beats the Argentine Peso as worst performing currency in 2016
The pound has beaten the Argentine peso to become 2016's worst performing currency after it plunged to a 31-year low in the aftermath of the decision to leave the EU. Sterling dipped below US$1.30 for the first time since 1985 in the second week after the European referendum. Read full article
Comments
Disclaimer & comment rulesDoes this reflect the performance of the economy OR is it just nervousness about the seeming lack of direction of our“leadership”.
Jul 11th, 2016 - 09:35 am - Link - Report abuse 0We have not left the EU as yet and trade seems to be business as usual.
Devaluation is a two edged sword. Foreign goods will become more expensive and less attractively priced so home manufacturers may have more business.
UK produced goods will be cheaper on the export market and may attract more sales.
Who knows ?
If anyone takes an inference that the UK's economy is worse than Argentina's they are disillusioned.
Who wrote this garbage? The calendar 2016 is only half done. The financial 2016 has barely started.
Jul 11th, 2016 - 10:18 am - Link - Report abuse 0Amazing how the “failing” or “failed” state of the “little” United Kingdom has had such a massive effect across the world from the United States to China. Anybody noticed similar reactions to the state of the argie “economy”?
In other news, “insignificant” countries like China and India are queuing up to sign “special” trade deals with “little” Britain. The “always right” IMF is now forecasting a further recession for the eurozone and a possible collapse of the euro. Britain is in no hurry to invoke Article 50, although we will, and every day brings EU collapse closer. Why are EU “leaders” like Juncker so desperate? Possible end to his cushy job?
Only a nutter would believe that the performance of a currency during a 3-week period is realistically indicative of a year's performance.
Jul 11th, 2016 - 02:19 pm - Link - Report abuse 0BTW, Argentina's economic growth over the past ten years showed the lowest rate of any major South American economy, once you discount the lies of CFK and her INDEC.
Another British success story! Still worth more than 19 Peso arsewipes... They can afford a few more Range Rovers. Corned Beef sales in Britain will slump :(
Jul 11th, 2016 - 04:47 pm - Link - Report abuse 0When it goes up, they moan,
Jul 11th, 2016 - 07:40 pm - Link - Report abuse 0When it goes down they moan,
never win ?
This has been fabricated by MPress to bolster the figures as they know it will cause controversy
Jul 11th, 2016 - 10:05 pm - Link - Report abuse 0Commenting for this story is now closed.
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