Tuesday, 10 January 2017
Down, Down, Deeper and Down
The once proud GBP hits the crapper once more after further rumours that leaving the EU will be the "hard approach".
We were walking past a Bureau de Change in town yesterday and I noticed that sterling was not even listed on the electronic display. I have never witnessed that before and I fear it's going to get worse.
Sterling has already dropped by nearly 20%against the dollar since the UK voted to leave the EU, becoming the world’s worst-performing currency in October and many economists suspect the pound may have even further to fall in the months ahead.