In January 2007 a euro would cost just 65p. Now the same euro costs 87p and at one point in 2008 it cost 96p.
Back in 2007 you could get $2.10 for your pound. By 2009 it was down to $1.37.
As the UK has one of the biggest budget deficits in the world - a further devaluation of the pound is inevitable.
How else will the UK ever repay its loans?
