If you’re going to Egypt or Turkey for your holiday this year, count yourself special. These are about the only major countries whose currencies have fallen against Sterling since last year’s Brexit referendum. The good news, such as it is, is that since the heavy fall in Sterling last summer things have calmed down. It has traded relatively quietly against the US dollar in a band of about $1.20-1.27, and fluctuated against the Euro in a range of roughly €1.14-1.17.
Catherine McGuinness / February 2, 2018
The City of London Policy Chairman says thousands of jobs could be at risk