Exchange rate causes hardship for expats
By admin • Jan 6th, 2009 • Category: Personal FinanceExchange Rate
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For British expats, the rapid “devaluation” of pound sterling over the past year to 18 months has caused hardship. At one stage, the euro : pound exchange rate was 1:70 to 1. Today, the exchange is moving towards parity (1:1). Many expats who are deriving income (or bank interest)/pensions in the UK [...]