Lets get serious

How many of you Ex Pats,Have noticed the fall in the Pound against the Euro this week.
It looks like we are in for a rough time,if we buy Euros with our pound sterling.
From the high of around 1.28 just a few months ago,it looks to be struggling to keep above 1.20 at the Bank to Bank rate at the moment.Which is the equivalent of throwing 7% of your sterling worth into the rubbish bin.
Even worse predictions being given appear to range between 1.10 to 1.12 by 2013,plus down to parity in 2014.(although these are predictions from the same people who a few months ago were predicting at least 1.30 euros to the pound,for the start of 2013)Dont think it doesnt concern you,If you receive a British Pension,it will be worth 7% less in Euros than it was a few months ago