Tuesday, 10 January 2017

Down, Down, Deeper and Down

pound-new-chart-january.png

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.

TInd


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.

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