Bad news if you live in Iceland

Think its bad here, just as well we don't live in Iceland, interests have just went up by 6% to 18%, yes up by 6%.
How can anyone budget for such a rise and the extra costs on your mortgage would kill you, Iceland need another £4 billion to keep afloat.

£1.51 to the $ today, it was £2 not that long ago, the impact for the customer will be an increase in price of any toys, clothing, gadgets coming from the states, everything is now 1/3rd more expensive.
If anyone can explain currency fluctuations to me, i would appreciate it.

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