League of Legends increases prices in the UK over Brexit currency woes

    
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It lurks.
Your pounds won’t carry you quite as far in League of Legends at this point. The game’s prices for Riot Points (i.e., the currency you use to purchase everything else in the game) will be increasing on July 25th by roughly 20%. Developer Riot Games has stated that this is in direct response to the falling value of the pound and its consistently lower value following the unexpected Brexit vote a year ago; while altering prices was hardly an original goal, after a year went by and the pound remained low, it was time to make the change.

The silver lining (of sorts) is that players should still receive the same points from a single purchase as they would if they converted from dollars to pounds and then purchased a point bundle, so it’s more about parity than just hurting gamers in the UK. Any points bought before July 25th will be unaffected, so if you want to stock up, now may be the time to do so.

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hurbster
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hurbster

Usual crap excuse to screw the UK.

Aelzen
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Aelzen

That it was self-inflicted? Not really an excuse if it’s factual and correct.

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BalsBigBrother

sigh …… oh!

*sends article link to local MP with email subject “Won’t anyone think of the kids”*

*Sits back and awaits for inevitable confused reply*

Cheer up, Brian. You know what they say.
Some things in life are bad,
They can really make you mad.
Other things just make you swear and curse.
When you’re chewing on life’s gristle,
Don’t grumble, give a whistle!
And this’ll help things turn out for the best
And

Always look on the bright side of life!

:-)

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thirtymil

Looking forward to prices dropping again once it’s all sorted out then…

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Blaaznar

Yea, the UK just called them and said “we were only joking lol”.

Don’t see how this self inflicted depression is going to sort itself any time soon…

deekay_000
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deekay_000

as a canadian; don’t bet on it. :P

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Witches

I figure until Scotland decides if they stay in the UK or not nothing will change, not for the better anyway, and once prices go up because of depression they usually don’t come down again.

deekay_000
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deekay_000

makes sense. i suspect we’ll see alot more news like this in the coming months. surprised it hasn’t come sooner based on my experience with game companies and the canadian dollar :P

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Armsbend

Ok. I suppose they are not watching it’s marked rise since late February then?
http://www.xe.com/currencycharts/?from=GBP&to=USD&view=1Y

Obviously a way to use a political firestorm as an excuse to raise prices in a cash rich country. Shameful. If you are wise – you’ll show Riot the door Brits.

deekay_000
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deekay_000

as a canadian this is pretty typical for multinationals in general. doesn’t matter if the dollar value rises.

tho it is still lower afaik than it was before.

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xanadox

You can just press the 2Y button to see the pound has lost many value with the brexit:
http://www.xe.com/currencycharts/?from=GBP&to=USD&view=2Y

So it is logic than Pound users are going to pay more pounds for the same things

Nice trip out EU. It’s cold there…

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Armsbend

This article specifically brings up Brexit – which is 1Y graph. And it has a dip and almost a full return. Why single out Britain? The rest of the EU currency has also turned into garbage.

It is a political ploy to raise prices on a rich nation. That’s all.

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Denzale Montgomery

You think this international video game is playing politics by increasing the prices of their skins? Are you serious? The value of a countries dollar drops when things are uncertain. And the fact is everything is uncertain right now for Britain. They still don’t know for sure if they will use the pound or another form of currency. All of the politicians who pushed for Brexit abandoned ship afterwards. Why? Because rebuilding a country is hard. Where as after the break the EU will remain much the same. What is Britain surrounded by… The EU, the one they just broke up with. If they expect to trade out of country you can bet they will face stiff regulations by the rest of the EU. If they don’t then what will stop another country from deciding that maybe they would want to leave. I mean it is not like Britain is a treasure trove of natural resources.

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BalsBigBrother

No they are not increasing the price of skins to play politics. They are increasing the price of their skins to increase profit while trying to deflect that with a flimsy smokescreen of current political issues.

We have had the pound in one form or another for hundreds of years so I am quite sure that won’t be changing.

As for the rest yeah you are entitled to your opinion but I am not going to waste my time on any it.

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Armsbend

What BBB said is what I meant. They could have easily said, ‘We are raising the prices of skins due to the Pound being relatively weak over the course of X amount of years.” But instead they said, Brexit happened so fuck you redcoats.

Of course they are being political in a sense – just by virtue of mentioning it at all. However, they wouldn’t if Britain were a poor country.

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Denzale Montgomery

I have no dog in this fight I just want to clear up the misinformation you guys seem to have. To me, it seems like you think Brexit already happen and nothing changed so what is the big deal. But it hasn’t, a break like this would usually take years. But, the EU has given Britain only 2. Companies know that because of Brexit the value of the pound will drop. The confusion you guys seem to have is to think that this is specific to LOL and no other company is doing this, or planing to do this. But that couldn’t be further from the truth. EVERYTHING is or is set to increase. Imported Fruits and vegetables set to rise by 8%, Microsoft products have risen by up to 15%, Imported cars set to rise, beer prices already rose 2.6%, Apple products set to rise by up to 25% and on and on it goes. Which is why all the political leaders that were responsible for the break have taken to the hills and why Britain prime minister is currently very unpopular Theresa May someone who was against the Brexit. I know you must see everything I’m writing and think I’m trying to offend you but I’m just telling you the truth. Britain is a great country and I’m sure they will bounce back in a decade or so. If you need any of my sources just ask and I can give them to you. I’m sowwy don’t be mad at me please Q__Q but you guys talk about multi billion dollar companies with employees spanning the entire globe like they are just some sjw trying to prove a point.

TLDR: Prices rise due to Brexit

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xanadox

“almost a full return”, not even close.

It’s not a 1 Y graphic it’s 1 Y +2 weeks graph. You can see it easily in my link.

If you just use the 1 Y graphic you got 1.3 gbp/usd, the same as now. But that is because you miss the brexit.

Before Brexit it was 1.5, going down till 1.2 in february.

So the pound has recovered just 33 % (0.1 /0.3) of the lost.

You can also check that the max was 1.7 in june 2014. And 10 year ago it was 2.1!!!.

So in 10 years time a pound has lost 38 % of his value, and to arrive to the same level it has to gain 62 % !!

Bad times for pound owners.

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Armsbend

It has been tracking almost neck and neck with the Euro. So is it really a Pound Sterling problem or is it the relative strength of the USD it is being compared to?

The US had it’s run at becoming a trashier currency for a decade – it’s all cyclical.

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xanadox

Let’s see:

Eur/ Usd. Now: 1.14.
Eur/ Usd. After brexit referendum: 1.10
Eur/USD. 2 years ago: 1.11

so it is a really a Pound Sterling problem, just for saying UK would leave the EU.

Btw, that was good for the strength of EUR.

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Denzale Montgomery

As of now Britain is still part of the EU. Britain won’t completely break from the EU until spring of 2019.