Thursday, 8 October 2009

Pounds devaluation - pros and cons

For all those family and friends who hasn't visited us in the last 2 years, I think it is probably a good time to do it now with the pound being so weak. Branded stuff like LV and Pradas are probably 20% - 30% cheaper. If you buy enough of it, it might even pay for the cost of your plane ticket here. AirAsia X has just announced the rights to land in Paris as well. Good news all around for Malaysians who plan to visit this part of the world. As for us, it is just the other way around because, pound devaluing is an indirect pay cut for me. Basically the decline in the sterling is importing inflation into this country. All imported stuff is costing a lot more and travelling around Europe is painful now since it is 20% more expensive now compared to a few years ago. Pound and Euro is almost at parity now! Sterling is expected to remain weak until end 2010 so please come visit us when it is cheap to do so. Hope to see some mates and family soon.

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