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At the time of writing, (August 2007), £1 sterling (100p) is roughly equal to $2.04 (US) $2.02 (Canada), $2.30 (Australia) and $2.67 (New Zealand). You can find out the latest rates by using an online currency converter: http://finance.yahoo.com/m3?u.The United Kingdom is a relatively expensive country in which to live.

To give you a rough idea, the table below shows a typical 'shopping basket'.

 

 

ItemHow much?
Litre of milk76p
Loaf of bread40p - 80p
6 large eggs£1.20
2 chicken breast£4.50
500g margarine1.50p
500g pasta60p
100g coffee£2.40
1kg apples£1.30
Glass of wine£3.50 - £5.00
Hair cut at a salon£15 - £40.00