income

[woolleysheep]

is it true that someone who has retired and lives in spain but have pensions that are paid into british banks in pounds and then drawn on in spain in euros is now a lot worse of because of the exchange rate.

[dzug]

Worse off than when?

Certainly true in the recent past.

[froggequene]

As Sterling is worth more they should still be getting more Euro but as the Euro is on the rise, allegedly, they may start to find they're getting less Euro.

Since Christmas the Euro has risen from around 70 cents to 75 cents against the pound.

They might also want to check if they're being charged to withdraw abroad.

[frankief]

Woolley, Yes it is. At the moment according to Yahoo you get �1.31 for every �1, this time last year you got about �1.47. That's about 11% decrease in your cash and will hurt! On top of that Spain is experiencing inflation in food & fuel, just like ourselves.