£1 = 1.15 Euros today. It was £1 = 1.40 when we bought our British cash last May. The fact is, that the Pound has dropped - why I can't say - so you all should get your fingers out and do some work instead of just moaning!
In 2008/2009 £1 = around 0.95 Euros so low rates of exchange are nothing new.
That isn't true. It has never dropped below 1/1 although it got close for a very short period of time in late 2008.
Complicated, all this exchange rate business. Going back a couple a decades, when there was a bit of a clamour for Britain to adopt the Euro, the suggested 'day 1' exchange rate was just under 2 Euros to one Pound. So, had we gone with this at the time, we might all be richer (in relative, world terms) than we are today. Or at least, those with assets at that time would be richer today.
This isn't an advert for Britain to join the Euro by the way, I'm a staunch Brexiteer, just saying like.