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It's still the largest drop in three decades in a given day. If you're spending good money on a trip, it's a nice sum of money especially since the dollar is always so hard to gain on the sterling. The more interesting question is how this pans out long-term? The dollar is trading less than ten cents away from parity with the euro and the tightening trend has been going on for more than four years. It will be interesting to see. Essentially a dime might not seem like much on the sterling side, but that tightening on the export side puts a lot of pressure on American exporters.The question for all of us isn't just logical, it's based on emotion and this is a cause of concern for Disney. Is there a sudden pullback in spending out of the UK (and/or the rest of the current Eurozone) because of uncertainty? 48% of the 72% of the voters said to stay in, so say nearly half of the voters. Does that crowd resign themselves to a new reality and hope to work within it, or do they doom and gloom? It will be interesting.
It's still the largest drop in three decades in a given day. If you're spending good money on a trip, it's a nice sum of money especially since the dollar is always so hard to gain on the sterling. The more interesting question is how this pans out long-term? The dollar is trading less than ten cents away from parity with the euro and the tightening trend has been going on for more than four years. It will be interesting to see. Essentially a dime might not seem like much on the sterling side, but that tightening on the export side puts a lot of pressure on American exporters.
The question for all of us isn't just logical, it's based on emotion and this is a cause of concern for Disney. Is there a sudden pullback in spending out of the UK (and/or the rest of the current Eurozone) because of uncertainty? 48% of the 72% of the voters said to stay in, so say nearly half of the voters. Does that crowd resign themselves to a new reality and hope to work within it, or do they doom and gloom? It will be interesting.
