AS ANY British pensioner will tell you, the drop in the value of sterling is taking its toll.
Since June, when the pound slumped 15 per cent against the euro, a monthly pension of £500 has lost around €100 after conversion. With £1 buying around €1.11 last week, income from a UK state pension in Spain has fallen by more than a fifth from its most recent high of €1.43 last November.
