Originally Posted by
jetboy
the exchange rate has been in our (USD) favor for so long, i would not expect to see a huge drop: and I am with S. Legs in that long term, the prices will actually bump as UK stores face increased tariffs and higher Euro wholesale prices. It might not even be so long term if shops start to edge up prices now in anticipation...
that said... I DO want one of those planet X Holdsworth frames.... so I will be keeping my eye out for a suddenly plunging quid! so far, prices are holding steady at around $980. if it drops to $700 its buy buy buy time.
The UK has to invoke article 50, which will start the 24 month departure process. Cameron has stated he won't and will have the next prime minister do it. He I think gave notice of at least 6 weeks, then more time to call elections, I don't think the departure clock will start until October, my guess.
Of course, for quite a while it will be terms as usual… well not quite, I think things will be pushed to start sooner than later due to the market turmoil.
Have a nagging feeling of Recession coming.