Page last updated at 23:23 GMT, Thursday, 13 November 2008

Brits abroad begin to feel the pinch

British citizens living and working abroad are finding they have less cash in their pockets as the value of the pound continues to fall.

The pound has hit its lowest rate in six and a half years losing more than a quarter of its value against the dollar since July, when it was worth more than $2.

BBC News website readers tell us how they have been affected.

Children wait for food at the Tumaini Timwani School in Kenya
Children wait for food at the Tumaini Timwani School in Kenya

I have been running a charitable school in Kenya for the past eight years. It is called Tumaini Timbwani Primary School and is located in Mombasa.

The school feeds about 800 children a day.

With the weakening pound I have to find an extra 1,000 to pay for existing commitments. We need the money to pay for food and for the necessities to run the school.

If the pound continues to fall, I will have to make savings, it might mean I will have to reduce the amount of food we give to children.

Their parents are very poor so they are not in a position to help.

Sam Evans
Sam has made cut backs and now opts for cheaper goods including food

When my wife and I moved to Spain a year ago we had 1,200 Euros per month to live on.

Now, with the weakened pound, it is down to less than 600.

We are keeping our heads above water but we don't have any spare cash.

The cost of fuel, particularly electricity, is high and we now buy cheaper food.

Our savings are in sterling and at present we do not have enough to pay for our house here. If they come for the last payment on the property we won't have enough to cover it.

If the pound continues to fall, I am planning to go back to England to work, but this is my last resort.

Paul Davidson
Paul and his wife now live on 300 a month and worry about rising costs

The weak pound is definitely affecting me. I have been doing voluntary work in Estonia with a Christian NGO for the past three years.

We have a centre for the homeless, a youth club and church.

My income is fixed in pounds so when the pound gets weaker my income - modest to begin with - shrinks.

This loss in income has made us tighten our belts. We now buy our food from street markets and avoid more expensive supermarkets.

I am also worried about winter. We haven't been able to buy any wood to heat our apartment. The wood would have cost us 50 before the pound weakened, now it will cost double.

If the pound continues to fall it will get even worse.

Colin Constable and his family
Colin and his family are concerned about buying a family home in the US

When we made the decision to move to the US the pound was worth $2.

We move in two weeks' time and my plans are very much up in the air.

The dreams of buying a house in the US are pretty much dead with the current exchange rate.

I am also worried about where to put the proceedings of the sale of my house in the UK, assuming we can find a buyer.

I have already dropped the asking price by 30,000, so you can imagine the scale of the loss I will be suffering.

My only glimmer of hope is that when I get to the US I will be working in the IT industry and I will be paid in US dollars, so that should make things easier.

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