Oh Dear This Makes London More Dear

Jul 11th, 2007, 06:31 AM
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Oh Dear This Makes London More Dear

The pound continued its rise against the dollar today, moving above the $2.03 level as concerns over the US sub-prime mortgage sector continued to hurt the greenback.
Reisender is offline  
Jul 11th, 2007, 10:04 AM
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A recent prestigious survey of cost of living has placed London as the world's 2nd most expensive city - with this it could be number one soon
PalenQ is offline  
Jul 11th, 2007, 10:11 AM
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This will make it more expensive for folks with dollars, not necessarily for Londoners.
tomassocroccante is offline  
Jul 11th, 2007, 10:21 AM
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It doesn't make things like the Biritsh Museum, Tate Modern, et al any more expensive for Americans
alanRow is offline  
Jul 11th, 2007, 10:25 AM
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Comparison between $2.00 and $2.03 rates:

Say you spend 1000 pounds on your London stay. That will equate to $2000 at the $2.00 rate, or $2030 at the $2.03 rate.

Getting a cheap airfare and a good hotel deal is much more important than exchange rate fluctuations.
WillTravel is offline  
Jul 11th, 2007, 10:30 AM
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<This will make it more expensive for folks with dollars, not necessarily for Londoners>

with imports being cheaper because of higher pound life could even become cheaper for locals?
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Jul 11th, 2007, 10:35 AM
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I don't think the point is that it's gone from $2.00 to $2.03. If you went to the UK 5 years ago (ie; the pound was about $1.50) and are going back, just from the cost of the currency fluctuation, it will cost you 1/3 more than it did then. If you add inflation in, the cost is more.
buongiorno is offline  
Jul 11th, 2007, 10:39 AM
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and since your flight is in $, one of the larget ticket items won't fluctuate.

Why worry over something you can't control and that won't make a significant difference?
Michel_Paris is offline  
Jul 11th, 2007, 10:55 AM
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One of the factors affecting this is the differential in interest rates. They have risen and there is talk of them going still further up because inflation is pressing a bit, not least in the prices of things we can't import (like housing).
PatrickLondon is online now  
Jul 11th, 2007, 11:01 AM
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perhaps joining the Euro would help bring the cost of living down?
PalenQ is offline  
Jul 11th, 2007, 11:37 AM
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Last I heard the € was at an all time hight against the $
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Jul 11th, 2007, 01:40 PM
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Will just dine at less expensive restaurants... found some really lovely sushi places last time around for meals on the go. Also we generally eat supper at around 4pm so that saves too with lunch portions.

I thought London was the world's most expensive city? Which one is ranked first PalenQ or others? Somewhere in Asia I'm guessing?
travelinwifey is offline  
Jul 11th, 2007, 01:47 PM
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Moscow I believe.
alanRow is offline  
Jul 11th, 2007, 11:05 PM
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If you think the EIU's survey of relative costs of expatriate living is "prestigious" - or tells you anything at all about the relative prices of essentials like a pint of beer or a theatre ticket - you're easily impressed. And gullible.

But not as naive as you'd be if you thought prices in Britain - which have risen more slowly than in the Eurozone since the Euro was introduced - would be lower if Britain had damaged its economy by introducing the job-destroying, growth-eliminating, Euro.
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