{"id":954,"date":"2008-11-13T23:25:55","date_gmt":"2008-11-13T22:25:55","guid":{"rendered":"http:\/\/blog.widmann.org.uk\/2008\/11\/13\/954\/"},"modified":"2008-11-13T23:25:55","modified_gmt":"2008-11-13T22:25:55","slug":"devaluation","status":"publish","type":"post","link":"https:\/\/widmanniana.org\/blog\/devaluation\/","title":{"rendered":"Devaluation"},"content":{"rendered":"
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\n4 Pounds Sterling – On White Set – P9053075<\/a>
\nOriginally uploaded by isdky<\/a>
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Today the pound fell below 9 Danish crowns, and below $1.50.<\/p>\n

The fall against the crown (which follows the euro) has been gradual – when I moved here in 2002, the exchange rate was around DKK 12 to the pound, but it soon fell a bit, and it stayed between 10 and 11 for quite some time. However, since Brown was made Prime Minister, it’s been falling and falling, but this is a new low. I’m sure it hasn’t been that low since the early 1990s.<\/p>\n

The fall against the dollar is much more recent – just a few months ago, the pound was worth more than $2.<\/p>\n

For some reason, people in the UK don’t seem overly worried. Perhaps they didn’t learn at school like I did that devaluing your currency is like peeing in your trousers on a winter day – it feels good at first but soon makes you feel much colder than before!<\/p>\n","protected":false},"excerpt":{"rendered":"

4 Pounds Sterling – On White Set – P9053075 Originally uploaded by isdky Today the pound fell below 9 Danish crowns, and below $1.50. The fall against the crown (which follows the euro) has been gradual – when I moved here in 2002, the exchange rate was around DKK 12 to the pound, but it soon fell a bit, and it stayed between 10 and 11 for quite some time. However, since Brown was made Prime Minister, it’s been falling and falling, but this is a new low. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95,159,130],"tags":[],"class_list":["post-954","post","type-post","status-publish","format-standard","hentry","category-denmark","category-en","category-politics"],"_links":{"self":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts\/954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/comments?post=954"}],"version-history":[{"count":0,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts\/954\/revisions"}],"wp:attachment":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/media?parent=954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/categories?post=954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/tags?post=954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}