Tag Archives: value of pound

Russia’s Cunning Plan on Sanctions, Europe and the US.

The Russian President Vladimir Putin has implemented a cunning plan in relation to Europe and their sanctions on Russia.

I call it “Right back at ya – watch this!”

“Russia is finished! Sanctions from Obama and the European Union will finish the Russian economy and now it will become the poorest country in the world! Russia can not do anything to answer the West! They will all die”

So love to scream those in the west who do not know about Putin’s cunning plan and underestimate Russia.

Europeans believed that Russia does not respond to sanctions; but Russia has.… Click here to continue reading this article

The Weak, Collapsing Pound against the Euro and Dollar.

As recession bites deeper into the United Kingdom, our usually strong pound has recently been derided as a “Peso Pound” abroad.

At the time of writing, a pound is worth $1-44, One Euro or Forty-One Russian Rubles. A collapse of over 25% in just a few short months.

Anybody with a second home in Europe or the USA, who did not stack ample cash reserves in those currencies already, will already be feeling the pain in the form of increased sterling equivalents when paying their Euro or Dollar denominated mortgages.

Anybody in the Euro zone or the USA who receives income in £ sterling will be similarly reeling, as are holidaymakers and importers.… Click here to continue reading this article