Music, Literature, the Visual Arts, Landscape, Current Affairs, Dorset, Greece. Global scope. RECENT BOOKS: WORDS ON THE TABLE (207 Poems), READING THE SIGNS (111 Poems), THIS SPINNING WORLD (43 stories). See Amazon author page for more. ResearchGate profile: www.researchgate.net/profile/Jim_Potts2 YouTube Channel: https://www.youtube.com/user/MrHighway49/videos
Sunday, 26 May 2013
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.
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".
No comments:
Post a Comment