Observations

Firstly, it is not in the UK’s economic interests for the EU’s economies to be in trouble. We certainly wish them well.

That said, readers in the UK have been bombarded with terrible news all week, propagated by most of the media. Our report above attempts to provide some context, showing that inflation is surging across Europe and that the temporary fall in the value of the pound against the dollar has proved to have been overblown.

Ordinary people versus market traders

In regard to the exchange rate, we read reports that people were cancelling their plans to holiday in the USA as the drop in the pound made these unaffordable.

Facts4EU.Org therefore decided to produce a chart showing the actual changes. It is customary for news outlets to publish graphs with the baseline being way above zero, so as to accentuate any movements. Instead, we set the baseline at zero to show that the falls last week were not enough to deter people from taking holidays in the States.

Those who work in the financial markets look at changes of small fractions of a cent. Ordinary people are more interested in the overall picture, which is what we have provided above.

The simple fact is that the dollar is strong mostly as a result of the Fed’s aggressive rate rise policy. Investors go where they can get the highest returns, which means more demand for dollars, a higher dollar, and a lower pound and euro.

Yes, the pound has steadily been declining against the dollar over time, but so have the currencies of other european countries.

We’re in choppy waters, certainly, but let’s not talk ourselves down.

Facts4EU.Org needs you today

We are a 'not for profit' team (we make a loss) and any payment goes towards the actual work, not plush London offices, lunch or taxi expenses, or other luxuries of some organisations.

We badly need more of our thousands of readers to become members, to support this work. Could this be you, today? Maybe you've been thinking about it, but just haven't got around to doing it? If so, let us reassure you. It's quick and easy and we use two highly secure payment providers. And we do NOT ask you for further support if you pay once - we just hope that you keep supporting us. Your membership stays anonymous unless you tell us otherwise.

Please don't assume that other people will keep us going - we don't receive enough to survive and we need your help today. Could you help us?

Most of our readers are well-informed and appreciate our fact-based articles, presented in a way you won't see anywhere else. We have far more to do in researching, publishing, campaigning and lobbying Parliament than we have in terms of the financial resources to fulfil these tasks. We badly need funding to continue - we rely 100% on public contributions from readers like you.

If you believe in a fully-free, independent, and sovereign United Kingdom, please join now. It’s quick, secure, and confidential, and you can use one of the links below or you can use our Support page here. You will receive a personal, friendly ‘thank you’ from a member of our team within 24 hours. Thank you for reading this.