Sterling Slide, Higher Holiday (and Retirement) Costs; Further devaluation?

According to Moneycorp, the value of Sterling against the Euro is 6% lower than it was 12 months ago.

More on this

Express report

It's not easy to forget that from around 2004-2007, the rate of exchange was over 1.5 Euros to £1 sterling...and now another 6% drop since last year!

No wonder there are so many expats' houses on the market in Greece, Spain and France.

UPDATE, 29 May, The Telegraph "Carney will devalue Sterling"

"Mark Carney will try to devalue the pound by as much as 15pc after he takes over as Bank of England Governor in July in a last ditch attempt to cement the UK recovery, Pimco, the world’s largest bond house, has warned".