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Author Topic: Pound and Euro Price Rises  (Read 1036 times)

Offline Giles

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Pound and Euro Price Rises
« on: August 06, 2019, 11:28:31 am »
Pound and Euro Price Rises

Once upon a time, we had dynamic currency exchange rates.  Our base currency is US Dollars, but that meant that GBP and Euro prices fluctuated on a daily basis, which caused some confusion with customers, but did ensure that there was price parity between our 3 main currencies.

A couple of years ago we fixed the exchange rates to avoid these daily GBP and Euro pricing fluctuations.

Over the last few months, the USD has strengthened a lot, well, more accurately the Pound and Euro have crapped out against the US Dollar because of the uncertainty over our (laugh) Brexit strategy, which means we need to adust GBP and Euro prices.

As of 1st September, there will be an approx 10% rise in GBP pricing and 5% rise in Euro pricing.  US Dollar will remain as is.
"OK face up to it - you're useless but generally pretty honest and straightforward . . . it's a rare combination of qualities that I have come to admire in you" - Geo 2011

Offline Chap

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Re: Pound and Euro Price Rises
« Reply #1 on: August 06, 2019, 03:04:06 pm »
I assume Mr. Farage and Mr. Johnson are no IH customers?
God has blessed you richly, so get down on your knees and thank him. Don’t forget the less fortunate or God will personally kick your ass. I’d love to do it for him, but I can’t be everywhere. Willie Nelson

Offline Giles

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Re: Pound and Euro Price Rises
« Reply #2 on: August 06, 2019, 03:19:48 pm »
Good assumption..... :) :)
"OK face up to it - you're useless but generally pretty honest and straightforward . . . it's a rare combination of qualities that I have come to admire in you" - Geo 2011

Offline Kasi

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Re: Pound and Euro Price Rises
« Reply #3 on: August 06, 2019, 06:49:57 pm »
Chap you’re right they are all blood Sucker, making Britain make paid the price..


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Offline BULLITT BEE

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Re: Pound and Euro Price Rises
« Reply #4 on: August 08, 2019, 08:42:09 pm »
Once upon a time, there used to be a Brexit thread, seems to have been archived.  Why was this by the way?  Just curious.

Offline Giles

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Re: Pound and Euro Price Rises
« Reply #5 on: August 08, 2019, 09:47:25 pm »
Maybe because it got boring/overly political/was a fairy story.  Cant remember....
"OK face up to it - you're useless but generally pretty honest and straightforward . . . it's a rare combination of qualities that I have come to admire in you" - Geo 2011

Offline mclaincausey

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Re: Pound and Euro Price Rises
« Reply #6 on: August 08, 2019, 09:51:35 pm »
Turns out being dumb is expensive :D

Think it, be it.

Offline Kasi

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Pound and Euro Price Rises
« Reply #7 on: August 08, 2019, 11:59:23 pm »
no control over anything nowadays... can’t make their minds up...


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« Last Edit: August 09, 2019, 12:01:12 am by Kasi »

Offline Dion

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Re: Pound and Euro Price Rises
« Reply #8 on: August 09, 2019, 09:56:14 am »
Wise words.

Online Stuart.T

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Re: Pound and Euro Price Rises
« Reply #9 on: August 14, 2019, 04:21:45 pm »
How can we have countries that have puppets in power that are best known for their shambolic hosting of TV shows? The day someone from Geordie Shore, The Only Way is Essex, or Love Island make it in to office (and I don't mean the high street shoe shop...I thank you!), in the words of Ani Difranco, I'm going to take my friends and move to Canada.

On a serious note @Giles has the business risk been assessed for any potential price hike due to the impact of brexit other than currency exchange rates fluctuating? Will shipping freight and duty remain the same? (As far as you can sensibly predict)

Offline Giles

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Re: Pound and Euro Price Rises
« Reply #10 on: August 14, 2019, 04:53:10 pm »
There really is zero way of sensibly predicting anything.  We're going to roll with whatever the arseholes give us....
"OK face up to it - you're useless but generally pretty honest and straightforward . . . it's a rare combination of qualities that I have come to admire in you" - Geo 2011


Offline Kasi

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Re: Pound and Euro Price Rises
« Reply #12 on: August 14, 2019, 09:14:19 pm »
So really after reading that every man for themselves. look like it time to, think for your own backyard than worry about others


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Offline Chad mac

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Re: Pound and Euro Price Rises
« Reply #13 on: August 14, 2019, 09:31:21 pm »
Pound and Euro Price Rises

Once upon a time, we had dynamic currency exchange rates.  Our base currency is US Dollars, but that meant that GBP and Euro prices fluctuated on a daily basis, which caused some confusion with customers, but did ensure that there was price parity between our 3 main currencies.

A couple of years ago we fixed the exchange rates to avoid these daily GBP and Euro pricing fluctuations.

Over the last few months, the USD has strengthened a lot, well, more accurately the Pound and Euro have crapped out against the US Dollar because of the uncertainty over our (laugh) Brexit strategy, which means we need to adust GBP and Euro prices.

As of 1st September, there will be an approx 10% rise in GBP pricing and 5% rise in Euro pricing.  US Dollar will remain as is.
Does this mean I need to bulk buy


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Offline dave28

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Re: Pound and Euro Price Rises
« Reply #14 on: August 14, 2019, 09:42:08 pm »
So 634S will be about £283.80.

Glad I bought a bunch of IH jeans back 10 years ago, technically it will be worth several grand on Sep 1st lol....

Most of them are unworn  :)