December 14, 2008 - Living the dream: Jessica Bown
Living the French dream becomes a lot harder when the sterling-to-euro exchange rate falls through the floor.
When I began my search for a new home in the French Alps in November last year, the pound was worth about €1.40. Now, it is €1.12 and approaching parity.
Bad news for holidaymakers, but disastrous for expatriates like myself, who are paid in pounds but spend in euros.
I use forex specialist Moneycorp to change the cash I need to live each month from sterling and generally get an advantageous rate as a result. But if the exchange rate is at £1 to €1 the next time I change, I will receive 28.6% less than I did in November 2007. ... Read More ...
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