Sterling plummets after Bank of England warns on rates
Currency rates slipped to its lowest level against the euro since April, dropping through the €1.10-mark, after Mervyn King the Bank's governor said a fall in sterling would be 'helpful' in rebalancing the UK economy.
Earlier this week, airport bureaux de change exchange rates began to drop below parity. A Luton airport bureau was offering an exchange of 99 cents to the Pound.
The Bank of England's King gave an interview in which he said the UK needed to once again become a net exporter, and that the fall in the value of the pound had helped that process.
A weak pound helps make British goods cheaper in foreign markets, boosting imports. But it also makes it more expensive to import every day goods, which runs the risk of creating inflation, something minutes yesterday from the Bank of England's monthly MPC meeting admitted may already be happening.
To save you money on your Luton airport parking- why not book your onsite, cheap, secure parking, by clicking here now?!
Earlier this week, airport bureaux de change exchange rates began to drop below parity. A Luton airport bureau was offering an exchange of 99 cents to the Pound.
The Bank of England's King gave an interview in which he said the UK needed to once again become a net exporter, and that the fall in the value of the pound had helped that process.
A weak pound helps make British goods cheaper in foreign markets, boosting imports. But it also makes it more expensive to import every day goods, which runs the risk of creating inflation, something minutes yesterday from the Bank of England's monthly MPC meeting admitted may already be happening.
To save you money on your Luton airport parking- why not book your onsite, cheap, secure parking, by clicking here now?!
Labels: luton airport, luton airport parking
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