RSS Feed

7/27/2016

Topic Reading-Vol.1568-7/27/2016

Dear MEL Topic Readers,
London vacations are dirt cheap. Thanks Brexit!
Brexit. Good news or bad news?
It seems like a great opportunity for those who are going to spend money in the U.K., as the British pound fell to its all-time low since 1981 overnight. You can save between 10 and 15 per cent on everything you buy or spend depending on which currency you are converting. For example, you could see the queen’s palace at US$95 now, which was $111 before the referendum.
It’s bad news for those who had invested in the U.K. before the referendum as the value of the investment declined according to the devaluation of the British pound.
Who is the biggest saver? Mr. Masayoshi Son, who recently decided to purchase the UK’s microchip giant ARMS group at 24 billion pounds. How much did he save?
Enjoy reading and thinking if you set the U.K. for your next vacation destination or investment option.

No comments:

Post a Comment