Pensioners cope with fall in sterling

Drop in exchange rate means expats living off UK currency have to adjust their budgets

0
860
This graph shows the sterling–euro conversion rate from January 1, 2008 to July 26, 2016

By David Jackson

Expats living off their British income are lamenting the passing of the previous year’s boom, but so far are not noticing too much of a change.

Sterling is stabilizing after the Brexit tsunami, and for the past week one pound bought you an average of €1.19, higher than during most of 2008-2014. The difference has worked out to be around 10 euro cents in the pound since before Brexit. Sterling reached a peak of €1.42 last November 2015, and since then had been slowly falling.

Read more in this week’s print edition or go to e-paper

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.