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Old 08.07.2011, 09:53
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Re: Do you have a UK pension?

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Would some of you financial whizz-kids be kind enough to give an old lady an opinion on whether the UK£ and the US$ are going to continue their dramatic slide against the Swiss franc, or whether you see some glimmer of hope on the horizon for an improvement.<snip>
I'm no whizz kid financial or otherwise. But the long-term trend is clear from CHF20 to £1 in the 1950s to today's rate.

I read an article on the strength of the pound being held up by North Sea oil. (This was part of Britain's manufacturing demise.) Yesterday the euro interest rate went up to 1.5% while the pound remains at 0.5%. This will not help the exchange rate either.

In the mid term, I can't see such a high rate of the franc can last, but again the 50 year trend means it is unlikely to see the pound over CHF2.00 again. But what do I know?

I feel for you and there is a massive advantage in investing in a pension fund in the currency you will retire in...
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