jjmb

Has anyone been watching the exchange rate recently? I have never seen it this low in the 22 years we have been here. When we arrived it was about 1.45, today it dropped below 1.18! Reading the papers, even the Daily Mail is talking about a crisis due to the price of energy in the coming year.

Expatrian

Hard to believe the Euro is worth about the same as a Dollar.

PetrifiedExPat

I am guessing the USD, GBP, EUR will all eventually settle on a 1:1:1 or thereabouts, for various reasons, but the dollar should be on equal par with those two

excpomea

The Euro, sure it's been there before.
What's hard to believe is the pound and dollar being almost the same.
Messes my pensions right up. can't recall the deposits ever being this low.

lansbury

I share the pain. Unfortunately I don't see it getting any better.

LegalEagleTX

The USD is strong as the markets expect Powell to do a better job at controlling inflation, i.e. will increase interest rates more aggressively, than Lagarde and Bailey.

AlanD

You dont need to tell me about it. I moved here late last year and "short term" Im working for my UK company still and earning in £. Its killing my monthly income and Im around $600 a month down on what I was sending over back in January. I really hope it settles soon as every day its just going lower and lower and lower.

neill

Are UK pensions still 'triple locked' or whatever it's called?
At least UK pensions are "linked" when living in the US as opposed to Canada and Australia. Some older retirees there now get practically nothing.

lansbury

The triple lock is suppose to be reinstated this year.

excpomea

On the plus side, my alimony payments back to the wicked witch in the East are lower paying with $$$'s

PetrifiedExPat

How long do those last? Until kids get to 18? Sorry, just curious

lansbury

Every cloud................. I console myself by the thought I don't have to pay US income tax on the money lost to the lower exchange rate. Which with State income tax comes to about 32% of what I didn't get.

Mallory

Just spent six weeks in UK. Wow, I couldn't believe the exchange rate we were getting! The news over there is very depressing, had to shut off listening to it. People out in the coffee shops drinking coffee like mad. Airport not too bad. No problems at Heathrow. Rained three times in six weeks. All lawns parched, rivers drying up, sewage leaking into the sea. A lot of high street shops closed and boarded up. Marks and Spencer seem to be doing a roaring business - especially from me. I don't drink tea, and never have. I have always been either coffee or cold drink person. You can't find ice anywhere (I know I've got used to it), especially in a heat wave. Also, not having AC in many places (90 degrees is tough anywhere). The countryside still looked nice. Litter as bad as ever. Restaurant food prices have shot up, as they have here. All in all a good trip, lovely weather when the heat wave departed, enjoyed the delayed wedding (Covid). Oh, I forgot, I have had four Prizer shots, but I got Covid over there. Quite sick for a few days, sore throat, etc. We took tests with us. Several family members had it at different times. Seems very infectious over there. Yes, my small British state pension has taken a hit. Hope for a good rise next April! Glad to be back in the US. The car parking in the UK will drive you crazy.

excpomea

Life time, until she re-marries or dies.

Nothing to do with any children, that's a separate issue.

dave2702

I'm annoyed, after 15 years of sending money to the UK to pay my mortgage on my flat in the UK when the £ was high . It's now paid off and the value of the amount I'm getting from the renters is falling week by week