Archive for April of 2008

Shrinking salary during 2008

April 13, 2008
I have been following GBP-EUR exchange rate for a while and things do not look good for a person who receives his income in GBP. Just half a year ago the rate was 0.7 but now it is only 0.8. And it seems it keeps closing euro because economical downturn is just starting.

But because I am not about to buy brand new Mercedes this affects me only in two ways. One is my visits to Finland as prices are higher there for me. Another is grocery shopping in Edinburgh because price of imported cheese will go up as well among other articles.

After my previous experiments with the forex trade I am a bit reluctant to try that again. Maybe I should get a remote work from euro area as an extra...

Article in Telegraph:Sterling weakens further creating both winners and losers in UK


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