Since the subprime crisis and with a current slowing down economy and the recession, the British Pound is losing value! In one year the pound dropped 22 percent against the dollar and 12 percent versus the euro as slumping house prices sent Britain to the brink of a recession.
Living currently in London and as a French people (Euros owner) this situation is profitable for me. Moreover, the inflation is now decreasing and we are expecting to see a real drop in the goods prices in the few next months.
However, these two last days, the Pound seemed to recover a little bit. Indeed, lately the stocks have been growing up and the FTSE 100 is getting some points back. Will this recover continue ?
One thing's sure, I won't wait until it recovers to buy my Xmas presents ;)
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