A couple of weeks ago the media were speculating that the Bank of England governor's talk of higher interest rates was explicitly intended to prop up the pound. Yesterday's events may or may not have disabused them of that notion. Mark Carney talked sterling down.
The governor probably did not set out to turn investors against the pound. He did, however, fail to give them what they were looking for; a direct steer towards an interest rate increase next month. So they were left wondering if he had indeed been bluffing, using the threat of a rate hike to send the pound higher so as to avoid actually having to deliver one.
Mark Carney did reiterate his earlier comment that a rate increase might be appropriate "in the coming months" but that cab left the rank a while ago. Investors were underwhelmed and they demonstrated it by marking the pound down across the board - sterling was down by an average of -0.4%.
The system has been set with the new rules, so unless you qualify under the new rules it won't. Also, it is too late to avoid the crush as the department haven't been processing applications under either set of rules for months now.
We did Solo Pizza in Como and Ciao Italia in Mill Point, near where we stayed.
Solo impresses me till this day, with its pizza sauces and baked in an electric oven, no wood fire, and still getting fantastic taste.
A word of advice from our recent experience. It will be prudent NOT to do anything that would result in giving Customs a reason to inspect ALL your bags, such as declaring you have restricted food or medicines, or even excess currency. We did that for the latter and had to lug 10+ bags onto the Xray conveyor belt even though we showed them all our currency. Leave all contrabands at home so you can answer coolly, "Nothing to declare"!