Today the pound broke through the $2 barrier for the first time in 15 years…
Of course, this is great for UK tourists over here, they’re making out like bandits, bad for us going the other way though as the UK is ridiculously overpriced on items as it is… Hopefully things will be a bit more “normal” when we go back over there next year, otherwise we’re going to be properly screwed over.
Comments
3 responses to “The Economy Takes a Pounding”
This is really scary. Perhaps I should be buying mutual funds in British companies…
don’t worry interest rates are going up here….so is inflation petrol 1pound per litre, food and furniture!!!
Great for us holidaymakers but bad for our exports to you (like Jaguar cars and Land Rovers)
dad