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Is anyone feeling the pinch?

Is anyone feeling the pinch?

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Old Jan 29th 2008, 9:33 am
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Default Is anyone feeling the pinch?

As I will be living on a UK pension when moving to Spain, I wondered if anyone in a similar situation over there has suffered due to the current exchange rates. I calculate that a drop from last year of about 1.40 euro to the £ down to the current 1.32 will mean about 3000 euros a month less in income!!
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Old Jan 29th 2008, 9:48 am
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Smile Re: Is anyone feeling the pinch?

Originally Posted by hrothgar
As I will be living on a UK pension when moving to Spain, I wondered if anyone in a similar situation over there has suffered due to the current exchange rates. I calculate that a drop from last year of about 1.40 euro to the £ down to the current 1.32 will mean about 3000 euros a month less in income!!
You must be very rich indeed to have an income of £24,000 per month I would not miss the odd €3000 if I had about €36,000 a month coming in.
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Old Jan 29th 2008, 9:53 am
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Default Re: Is anyone feeling the pinch?

Originally Posted by hrothgar
As I will be living on a UK pension when moving to Spain, I wondered if anyone in a similar situation over there has suffered due to the current exchange rates. I calculate that a drop from last year of about 1.40 euro to the £ down to the current 1.32 will mean about 3000 euros a month less in income!!
I started a thread on this in Siesta time, and got very little input. Not only pension r/ex implications, but investments on stocks / shares down also.
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Old Jan 29th 2008, 9:55 am
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Default Re: Is anyone feeling the pinch?

Originally Posted by Mitzyboy
I started a thread on this in Siesta time, and got very little input. Not only pension r/ex implications, but investments on stocks / shares down also.
Except the excellent advice I offered.
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Old Jan 29th 2008, 9:56 am
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Default Re: Is anyone feeling the pinch?

Originally Posted by hrothgar
As I will be living on a UK pension when moving to Spain, I wondered if anyone in a similar situation over there has suffered due to the current exchange rates. I calculate that a drop from last year of about 1.40 euro to the £ down to the current 1.32 will mean about 3000 euros a month less in income!!
My wife! She won't let me pinch her anymore.
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Old Jan 29th 2008, 9:58 am
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Default Re: Is anyone feeling the pinch?

Originally Posted by rugbymatt
Except the excellent advice I offered.
Bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbullseye!
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Old Jan 29th 2008, 9:59 am
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Default Re: Is anyone feeling the pinch?

Originally Posted by hrothgar
As I will be living on a UK pension when moving to Spain, I wondered if anyone in a similar situation over there has suffered due to the current exchange rates. I calculate that a drop from last year of about 1.40 euro to the £ down to the current 1.32 will mean about 3000 euros a month less in income!!
That must be one hell of a pension you're on if a difference of 8 cents drop in the euro makes a 3000 euro defecit!!!
I don't know what a pension you're on but let's take a round figure of £1000 per month. At 1.40 euros per pound you would get 1400 euros, at 1.32 euros you would get 1320 euros a difference of 80 euros or am I missing something? apologies if I am
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Old Jan 29th 2008, 9:59 am
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Default Re: Is anyone feeling the pinch?

Originally Posted by Same Difference
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He is gonna get upset you know.
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Old Jan 29th 2008, 10:00 am
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Default Re: Is anyone feeling the pinch?

Originally Posted by rugbymatt
He is gonna get upset you know.
Nah, he`s a mod........mods are as hard as steel
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Old Jan 29th 2008, 10:01 am
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Default Re: Is anyone feeling the pinch?

Originally Posted by malagaman
That must be one hell of a pension you're on if a difference of 8 cents drop in the euro makes a 3000 euro defecit!!!
I don't know what a pension you're on but let's take a round figure of £1000 per month. At 1.40 euros per pound you would get 1400 euros, at 1.32 euros you would get 1320 euros a difference of 80 euros or am I missing something? apologies if I am
I think its fairly obvious that the OP has made a mistake and probably means €3000 a year
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Old Jan 29th 2008, 10:01 am
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Default Re: Is anyone feeling the pinch?

Originally Posted by Same Difference
Nah, he`s a mod........mods are as hard as steel
I think he is ignoring us.................he should know better than that, no one can ignore us!
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Old Jan 29th 2008, 10:03 am
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Default Re: Is anyone feeling the pinch?

Originally Posted by rugbymatt
I think he is ignoring us.................he should know better than that, no one can ignore us!
Dont forget he is older than us, it may take him a while to think of a witty reply
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Old Jan 29th 2008, 10:04 am
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Default Re: Is anyone feeling the pinch?

Originally Posted by Same Difference
Dont forget he is older than us, it may take him a while to think of a witty reply
That's true.............and he looks suspiciously like the second guy on my Crimestoppers link!
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Old Jan 29th 2008, 10:06 am
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Default Re: Is anyone feeling the pinch?

Originally Posted by rugbymatt
That's true.............and he looks suspiciously like the second guy on my Crimestoppers link!
I did notice the likeness ...........Oh dear Im a newbie, Im going to get into trouble I can see!
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Old Jan 29th 2008, 10:08 am
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Default Re: Is anyone feeling the pinch?

Originally Posted by Same Difference
I did notice the likeness ...........Oh dear Im a newbie, Im going to get into trouble I can see!
That's OK, you fit in nicely, but I am a little worried that Mitzy is keeping so quiet.
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