The pound has lost v. the euro again today. Currently 1.244 or 80.4 pence.
I am completely baffled by this.
Yes, the UK is in recession and with falling interest rates a poor place for foreign investors but equally, the Euro Zone has been declared in recession and its interest rates are lower than the UK's.
The pound has now lost coming on for 20% of its value in a year and those resident in Spain on sterling incomes must be feeling the pinch.
Any budding economists out there any explanations for the near collapse of sterling. Research indicates commentators talking of Pound/Euro parity in 12 to 18 months but obviously not even experts can see into the future. If that did occur though, I believe it would leave British ex pats impoverished.
I am completely baffled by this.
Yes, the UK is in recession and with falling interest rates a poor place for foreign investors but equally, the Euro Zone has been declared in recession and its interest rates are lower than the UK's.
The pound has now lost coming on for 20% of its value in a year and those resident in Spain on sterling incomes must be feeling the pinch.
Any budding economists out there any explanations for the near collapse of sterling. Research indicates commentators talking of Pound/Euro parity in 12 to 18 months but obviously not even experts can see into the future. If that did occur though, I believe it would leave British ex pats impoverished.
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