Those eager beavers who rushed out to book themselves a place at this years World Cup might have done themselves a favour by securing the best hotels and tickets but those that booked a year ago would have paid 33% more than those booking today due to the huge decline in the Brazilian currency, the real, against the Sterling. The British Pound has also seens its value rise similar levsl against other currencies such as Turkey and Indonessia and significant rises against Russia, Australia, Thailand and the Czech Repulic.
China causes a stir
Concerns over the Chinese Renminbi (and increased tension in Ukraine) has caused the increased flow of money from emerging economies, such as Russia, Brazil and Chinese currencies into so called safe havens such as the Swiss Franc and the British Pound.
