Britons living in Bulgaria. Guide to Bulgaria, Sofia and Varna

The currency crunch: British tourists pay price for euro's strength - Independent

The currency crunch: British tourists pay price for euro's strength Independent, UK - Apr 10, 2008 Others may look for cheaper destinations outside the eurozone, such as Bulgaria or Croatia. The Association of British Travel Agents said yesterday that the ...

The currency crunch: British tourists pay price for euro's strength - Independent
Bad news for British holidaymakers – but are there more serious consequences of living next door to the world's strongest currency? Banks have withdrawn their 100 per cent mortgage deals and Nationwide's consumer confidence fell to its lowest level in four years. Click here to have your say Interesting? Further pressure is likely to be piled on to the pound – and in favour of the euro – today if, as expected, the Bank of England's Monetary Policy Committee cuts interest rates. Only bet with money you can afford to lose. Some economists believe the rate may cut by as much as half a per cent.Geoff Kendrick, a currency strategist, said: "The UK has clearly softened a lot more than Europe and I guess that's why we'll see the Bank of England cut rates tomorrow while the ECB will be hawkish...