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Pound is getting cheaper

Pound /fot. www.img.interia.pl
2008-05-09, added by mzamojski
Categories: [ Economy ] [ Society ]

In the half of the year the pound may cost only 4 zloty against 7 zloty in 2004. At the moment an average salary in Great Britain amounts in Polish zloty to more or less 9 thousand and it is still three times higher than Polish average salary. However, at the time when Poland entered the European Union the difference was seven times as big. You can add to this much more expensive costs of leaving on the Isles.
The gap is being reduced due to the fact that Polish salaries are getting higher but most of all because English pound is getting cheaper. The British currency may cost 4 zloty very soon. According to the analysts of Viennese Raiffeisen Bank it may happen in the half of the year 2008. The Citigroup estimates that rather in the end of the year. Not long ago in 2008 the pound cost 5 zloty and in 2004 - 7 zloty.



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