Quote:
Originally Posted by Inactive Digital
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That's the point I made to Mad Max who asked me to show him a recent price rise. Two days later, I didn't need to go far to find one and explained that the weaker Pound would feed through into increased costs for companies like VM who buy hardware, software and content largely in Dollars.
His argument was that the UK would export more but he couldn't explain how this would help VM cope with its increased costs. If it was a long-term shift then perhaps VM would bring back some things it's offshored like the contact centres but the uncertainty does not encourage such moves.
At the moment, it's still possible for the £ to recover against the $ but uncertainty about Brexit terms is holding the £ down. As anyone who has travelled abroad recently knows, the £ in your pocket does not stretch as far a it once did