Due to the continuing instability in the Eurozone, the pound has become a so called safe haven, and is now 20% higher than two years ago.It is also at its highest point since approximately 2008.
Since Greece is almost certain to leave the Euro, be prepared for further sharp rises for the pound, my prediction is that it will be at 2.55 by July.Two years ago it was 2.03 lv to £1.
This is great news for British tourists and investors as your pound goes much further here.
British people are now very worried about travelling to Greece, in case the currency collapses overnight and they are stranded with Euro's they cannot spend.It is likely that the Euro exit will be announced over a weekend (when the banks are closed) and there will be extra bank holidays on the following two days.At this point all cash machines will be switched off and bureau de change are besieged.A nightmare scenario.
Bulgaria maybe is not as beautiful as Greece, but at least it's safe !.
Since Greece is almost certain to leave the Euro, be prepared for further sharp rises for the pound, my prediction is that it will be at 2.55 by July.Two years ago it was 2.03 lv to £1.
This is great news for British tourists and investors as your pound goes much further here.
British people are now very worried about travelling to Greece, in case the currency collapses overnight and they are stranded with Euro's they cannot spend.It is likely that the Euro exit will be announced over a weekend (when the banks are closed) and there will be extra bank holidays on the following two days.At this point all cash machines will be switched off and bureau de change are besieged.A nightmare scenario.
Bulgaria maybe is not as beautiful as Greece, but at least it's safe !.
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