Fall in pound hits expatriate savings and pensions

There is an estimated one million British pensioners living abroad and every one of them will have seen a huge decrease in their monthly pensions. As the pound sterling continues to fall, the severe drop in house prices has added to the concerns of those relying on money in UK banks. Add to these concerns, the high charges for moving money overseas and suddenly moving to a foreign country is no longer that much of a cheaper option.

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