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Walker's World: New currency warsParis (UPI) Feb 4, 2013 Ten years ago this week, one British pound bought 1.6 euros. Today it buys 1.15 euros, which means British exports are dramatically cheaper and Britain's imports from Europe (and British vacations in Europe) are very much more expensive. There could hardly be better news for Britain's beleaguered exporters and the shift in exchange rates helps explain why the country's car manufacturing broke all-time export records in 2012, with more than 1 million cars sent overseas out of the 1.5 million mad ... read more |
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