Author Topic: The GB Pound has fallen in value by 35% against most other currencies  (Read 3986 times)

0 Members and 1 Guest are viewing this topic.

The Prophet

  • Global Moderator
  • Senior Member
  • *****
  • Posts: 364
  • Country: england
  • Financial & Economics commentator
Forget the financial crisis and the credit crunch.
Government and monetary policy has resulted in the GB pound losing over a third of its buying power since 2003. Only Jamaica and South Africa have faired worse!

The value the pound has lost against other currencies since 2003:
Eurozone (€)           -22%
Philippines  (Peso)    -32%
Switzerland  (Franc) -34%
Canada (Can $)        -36%
Thailand (Baht)        -36%
New Zealand (NZ$)  -38%
Australia (Aus $)     –47%
USA ($)                    -8%

South Africa (Rand)  +6%
Jamaica (Jam $)     +66%