Friday, February 19, 2010
Not seen this for a while!
Our currency has been heavily devalued over the last year. In fact, Â£100 is now worth about $154. 18 months ago it would have been worth nearer $200. Your trips to the US will now, as a result require around 30% more sterling to have the same experience. Not only this, inflation is waiting in the wings once again. Oil priced in dollars, imported goods, travel, it is all getting more expensive when you own pounds! Anyway, at least house prices go up always and forever so we shoudl be fine! Oh, and it is great for manufacturers too, wherever they are.