Thursday, January 14, 2016

Pound hits weakest level against euro in 11 months


Our commenter Andy B. in the UK has been reporting from inside the logistics industry there a sig drop off in outbound freight volumes from the UK for quite a while. Looks like price cutting in EUR terms has since been implemented in response and now those price decisions are making their way into and effecting the exchange rate.


1 comment:

Andy Blatchford said...

I also got some figures today from our sea import people. The average price Ex Shanghai into Western Europe ports for a 40ft container in 2015 was 53% less than 2014 (and that excludes bunker fuel surcharges).