Consumer Electronics costs going up

My M & S breakfast has gone up by 35p since, obviously not much but the first real increase I have noticed in my day to day life. Lets hope Black Friday delivers.
 
Jokester said:
Can't see the value of the pound dropping that much more, if it does, we'll all be working in factories knocking out cheap tat for the Chinese market and making a mint!
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I hate to say it but post Brexit, you're going to see the GBPUSD reach parity and stay there for a long while. But you're right, it's an opportunistic response from sellers to raise prices BUT that opportunity is provided by Brexit, like it or not.
 
Tom_ed1987 said:
Pound goes down; pound goes up.
Pound goes down & likely stays there for medium term due to Brexit - worth renegotiating contracts.
Business being business.

Majority of consumer price rises seen immediately post Brexit vote were opportunistic profiteering

I wouldn't worry about trying to second guess anything - the next worldly disaster is just around the corner:
Putin invading Estonia
Hilary collapsing on stage, Trump victory
Ex-Jihadist EU asylum invasion
Deutsche Bank collapse
etc
etc :D
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Depends. Companies like OcUK won't have much spare stock laying around and will be buying stock fairly regularly as and when in USD. The cost of those USD will go up and down fairly quickly according to the exchange rate of the day, so in volatile periods like now price fluctuations can be quick and fairly hefty. Smaller companies aren't going to be willing to swallow 15-18% price rises and as such will pass them on to the customer pretty quickly.

Companies with fixed prices for a period of time and/or buying in pounds won't have this immediate issue and will have to negotiate with the distributors/suppliers at fixed intervals or when the suppliers put their prices up depending on where they get their supply from and what currency they pay for it in.

I'm sure there is some opportunism, but the majority is probably not.
 
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Tom_ed1987 said:
Pound goes down; pound goes up.
Pound goes down & likely stays there for medium term due to Brexit - worth renegotiating contracts.
Business being business.

Majority of consumer price rises seen immediately post Brexit vote were opportunistic profiteering

I wouldn't worry about trying to second guess anything - the next worldly disaster is just around the corner:
Putin invading Estonia
Hilary collapsing on stage, Trump victory
Ex-Jihadist EU asylum invasion
Deutsche Bank collapse
etc
etc :D
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Just stop please. My brain can't handle so much drivel.
 
It's clearly brexit.
Everything is going to get much more expensive soon. But it will mainly hurt the low paid etc.
If opec start cutting production (yeah big if) oil could become stable at 60-70usd
As oil is traded in Usd it could end up being a double whammy.

Vat also then has a bigger effect + retailers trying it on.

Is not going to be a massive problem, but those on the poverty line will suffer. And that's a big demographic who voted out
 
413x said:
It's clearly brexit.
Everything is going to get much more expensive soon. But it will mainly hurt the low paid etc.
If opec start cutting production (yeah big if) oil could become stable at 60-70usd
As oil is traded in Usd it could end up being a double whammy.

Vat also then has a bigger effect + retailers trying it on.

Is not going to be a massive problem, but those on the poverty line will suffer. And that's a big demographic who voted out
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That's alright I hear sovereignty taste like chicken.
 
I'm in the market for a mid-range digital piano - and they've gone up across the board (mostly) by 20-30% since earlier in year !

and the Yamaha Synth I bought earlier in year has gone from the 720 odd I paid up to about 940 now ! thats quite a hike
 
itchy said:
In 2008 or 2009 I was in Tenerife and the pound was like for like with the euro.
We could buy drinks with English money, but I do not recall any prices increasing in the UK at the time. I maybe wrong. ;)
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The pound has never been like for like with the Euro.
 
It's just an excuse to raise prices, they're already making huge margins on hardware so holding the price and taking a slight hit wouldn't affect them at all.

Guess it depends how much they value their customers here.
 
Shocky-FM said:
It's just an excuse to raise prices, they're already making huge margins on hardware so holding the price and taking a slight hit wouldn't affect them at all.

Guess it depends how much they value their customers here.
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I very much doubt anyone is making huge margins on most hardware, certainly not anything like the nearly 20% by which the pound has dropped in value.

IIRC the margin in many consumer electronics is in single digits.
 
Good, i'm sick of all these foreign consumer electronics coming over here and taking our jobs! Just last week i saw a Samsung TV Driving to the dole office in a brandnew BMW!
 
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The pound was over-valued internationally for a while before BREXIT - I believe that the drop in value was going to happen anyway, but BREXIT just made it speed up a little.
 
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