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.
Duncan Weldon / October 11, 2016
The politics of Brexit are determining the value of our currency
The details were predictably hazy, but a policy picture is gradually emerging