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Thursday, 26 February 2015

Euro exchange rate

Every day the exchange rate of the pound to the euro gets more favorable. It means holidays in the eurozone are cheaper, cheaper imports from the eurozone, but more of a struggle to export goods from the UK to the eurozone nations.

Because of my health, no holidays to eurozone countries have been planned.   I expect the rate will have fallen by the next time we go to Europe.

Come the late summer  I expect holidays to Greece will be very cheap if they go over to the Drachma again.  I know the eurozone wants to hold on to Greece, but 4 months debt extension is no time at all.

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