The pound slumped to a fresh record low this morning, bringing more bad news for British holidaymakers as it pushes up the cost of continental breaks.
Ahead of the Bank of England\’s decision on interest rates at lunchtime, sterling fell to 80.27p against the euro in early trading, after hitting 80p for the first time yesterday.
For someone whose income is denominated in either dollars or sterling (dependent upon source) but who lives in euros (like me!) this is of course not good news.
On the other hand, that sterling mortgage to buy a house in Portugal is looking pretty good.
Ho hum, swings and roundabouts, eh?