Their take on it is that they have lost out marginally overall since the pound took a plummet
I'm sure they have, as anybody who regularly has convert Sterling to spend in money the Euozone will know
... It's certainly an issue for anyone in Shorthaul who actually
spends their allowances downroute
On the other hand being paid allowances in Sterling can work to the advantage of our Worldwide colleagues spending their allowances in some of our more exotic destinations.
Personally having used both systems
in Long Haul ( hourly rate vs. destination specific) I much prefer the hourly rate.