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Pound and Euro Price Rises

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  • G
    Giles
    IHUK Crew
    Joined: 22 Sept 2009

    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

    last edited by 6 Aug 2019, 10:28 1 Reply Last reply Reply Quote 0
    • C
      Chap
      見習いボス
      Joined: 24 May 2016

      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

      last edited by 6 Aug 2019, 14:04 1 Reply Last reply Reply Quote 0
      • G
        Giles
        IHUK Crew
        Joined: 22 Sept 2009

        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

        last edited by 6 Aug 2019, 14:19 1 Reply Last reply Reply Quote 0
        • K
          Kasi
          見習いボス
          Joined: 9 Oct 2014

          Chap you’re right they are all blood Sucker, making Britain make paid the price..

          Sent from my iPhone using Tapatalk

          The world's insane
          While you drink champagne
          And I'm livin' in black rain 4Q 🖕

          last edited by 6 Aug 2019, 17:49 1 Reply Last reply Reply Quote 0
          • D
            David K.K. Hansen
            Joined: 12 Nov 2014

            Once upon a time, there used to be a Brexit thread, seems to have been archived.  Why was this by the way?  Just curious.

            last edited by 8 Aug 2019, 19:42 1 Reply Last reply Reply Quote 0
            • G
              Giles
              IHUK Crew
              Joined: 22 Sept 2009

              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

              last edited by 8 Aug 2019, 20:47 1 Reply Last reply Reply Quote 0
              • M
                mclaincausey
                見習いボス
                Joined: 12 Apr 2013

                Turns out being dumb is expensive 😃

                Think it, be it.

                last edited by 8 Aug 2019, 20:51 1 Reply Last reply Reply Quote 0
                • K
                  Kasi
                  見習いボス
                  Joined: 9 Oct 2014

                  no control over anything nowadays… can’t make their minds up...

                  Sent from my iPhone using Tapatalk

                  The world's insane
                  While you drink champagne
                  And I'm livin' in black rain 4Q 🖕

                  last edited by 8 Aug 2019, 22:59 1 Reply Last reply Reply Quote 0
                  • D
                    Dion
                    Joined: 15 Mar 2015

                    Wise words.

                    last edited by 9 Aug 2019, 08:56 1 Reply Last reply Reply Quote 0
                    • S
                      Stuart.T
                      Raw and Unwashed
                      Joined: 21 Sept 2017

                      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)

                      last edited by 14 Aug 2019, 15:21 1 Reply Last reply Reply Quote 0
                      • G
                        Giles
                        IHUK Crew
                        Joined: 22 Sept 2009

                        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

                        last edited by 14 Aug 2019, 15:53 1 Reply Last reply Reply Quote 0
                        • S
                          Stuart.T
                          Raw and Unwashed
                          Joined: 21 Sept 2017

                          https://news.postimees.ee/6699224/architect-of-the-eurozone-the-common-currency-is-a-definite-success

                          last edited by 14 Aug 2019, 20:05 1 Reply Last reply Reply Quote 0
                          • K
                            Kasi
                            見習いボス
                            Joined: 9 Oct 2014

                            So really after reading that every man for themselves. look like it time to, think for your own backyard than worry about others

                            Sent from my iPhone using Tapatalk

                            The world's insane
                            While you drink champagne
                            And I'm livin' in black rain 4Q 🖕

                            last edited by 14 Aug 2019, 20:14 1 Reply Last reply Reply Quote 0
                            • C
                              Chad mac
                              Joined: 29 Mar 2018

                              @Giles:

                              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 [emoji55]

                              Sent from my iPhone using Tapatalk

                              last edited by 14 Aug 2019, 20:31 1 Reply Last reply Reply Quote 0
                              • D
                                dave28
                                Joined: 22 Aug 2010

                                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  🙂

                                last edited by 14 Aug 2019, 20:42 1 Reply Last reply Reply Quote 0
                                • A
                                  AdamC
                                  IHUK Crew
                                  Joined: 12 Jan 2018

                                  You know where we are @Chad mac  😉

                                  last edited by 15 Aug 2019, 07:47 1 Reply Last reply Reply Quote 0
                                  • G
                                    Giles
                                    IHUK Crew
                                    Joined: 22 Sept 2009

                                    @Stuart.T:

                                    How can we have countries that have puppets in power that are best known for their shambolic hosting of TV shows?

                                    I assume you are having a dig at our American cousins?  Well FFS we are in far deeper shite than them, and the last I knew, none of our current or recent past "leaders" were TV show hosts.

                                    "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

                                    last edited by 15 Aug 2019, 07:58 1 Reply Last reply Reply Quote 0
                                    • E
                                      EastWest
                                      Joined: 3 May 2012

                                      Boris has actually hosted “Have I got news” a while back. Quite funny in his bafoon like way. Hasn’t changed. Just not funny anymore.

                                      last edited by 15 Aug 2019, 12:36 1 Reply Last reply Reply Quote 0
                                      • M
                                        mclaincausey
                                        見習いボス
                                        Joined: 12 Apr 2013

                                        I wouldn't say our orangutan was really a "TV host," as that requires a modicum of charm and wit. He was a "reality TV star," which any knob can handle, as evidenced by the proliferation of people with no discernible talent or skill now clogging celebrity.

                                        Think it, be it.

                                        last edited by 15 Aug 2019, 13:26 1 Reply Last reply Reply Quote 0
                                        • S
                                          sabergirl
                                          見習いボス
                                          Joined: 4 Oct 2013

                                          A lot of the world is making a sharp right turn towards idiocracy, that’s for sure.

                                          Sent from my iPhone using Tapatalk

                                          last edited by 15 Aug 2019, 14:56 1 Reply Last reply Reply Quote 0
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