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Say you work at Arm, and are thinking of buying an apartment. The London market has a lot of people from Asia doing investments. If the pound weakens against th
by Gravityloss 10y ago
Say you work at Arm, and are thinking of buying an apartment. The London market has a lot of people from Asia doing investments. If the pound weakens against the yuan, tough luck. Or perhaps you were thinking of buying an imported car or having a vacation in Europe... those job postings at Intel, AMD or IBM start to look a lot better than before.
- vidarh 10y agoARM's head office isn't in London, but Cambridge. Even so, foreign investors drive up the purchase prices, true, but not that much as when they drive up the prices, they drive down the profit potential as well as drive down (or reduce the growth of) rental prices which makes it costlier to leverage. I do agree with you the entire Brexit situation makes it tempting to look elsewhere, though. Personally I do consulting, and I've started looking for US remote devops consulting gigs in preference to UK ones because it's suddenly a lot more attractive to get paid in dollars...