escaped
^sterling is very strong at the moment^
Yes. I pop across to France regularly and am amazed at how the pound has been creeping up and up. We're coming over in 2 weeks' time and an exchange rate of 1.22 is looking hopeful for plenty of shopping!
I guess it's the political uncertainty in France and Germany, and the fiscal constraints at the moment playing a part.
Sterling isn’t strong it’s just the Euro is even weaker, many of our imports are priced in dollars, since the election exchange rate has fallen from 1.34 to 1.24 to dollar.
Our food is cheap by comparison to most other countries many of which add VAT to food prices. What puts the price of the shopping basket up is convenience foods, free range, organic, or other premium choices all of which cost more to produce.