News Tag: currency markets
April 14, 2009
According to foreign currency firm, FC Exchange, pensioners living overseas face a pension shortfall due to volatile currency markets.
In the last two year alone, the British Pound has lost a quarter against the US Dollar and the Euro.
As a result, FC Exchange estimate that someone currently receiving an annual pension of £17,000 would only receive roughly €18,700 – a fall of ...
Retirees living overseas face pension shortfall
by Kay Murchie
January 12, 2009
Last week's cut to the base rate of interest has rallied the strength of the pound against key currencies.
The Bank of England cut rates by 0.5% to 1.5%, the lowest for over 300 years, but not as drastic a cut as some analysts had anticipated.
As a result, the pound strengthened against the US dollar and the Euro, up to €1.12 or ...
Small base rate cut strengthens sterling
by David Masters
