On 20 Sep, 10:53, pete wrote:
On Sun, 20 Sep 2009 07:44:41 +0100, Peter Crosland wrote:
"Bertie Doe" wrote in message
...
New catalogue compared with previous shows an increase of 25% on bulk
screws and fixings. It's not SF's fault - with the £ in freefall, anything
that's made abroad is rocketing in price.

Against what currency? The pound has not dropped that much against the US
dollar.

Peter Crosland

True, but the US isn't exactly a low-wage country where we import low-value
items from, so comparing Sterling against USD won't tell you anything
useful about the cost of imported goods.
However when you compare Sterling against CNY (China) the pound has
dropped from buying 15 Yuan/Renminbi in Sept. 2007 to 11 today
Wassat: a 25% drop? So maybe Screwfix's price rises just reflect the going
rate?

but it's not uncommon for forex transactions to be done in dollars.