Make your money go further for just 25p per day

What is happening to the pound?

What is happening to the pound?
A week is a long time in politics, so – as Theresa May is learning the hard way – is a day. Cabinet resignations, a vote of no confidence and a woeful lack of support for her draft Brexit agreement have left people worried about the future of the UK. That has caused the pound to slip below $1.28 – almost its lowest level in more than three decades. Read on to find out what is happening to the pound.

You have to go back a long way to find the last time the pound would buy you so few US dollars. February 1985 to be exact when the value of the sterling slumped to just $1.05. Then, as now, a female UK prime minister was fighting creeping protectionism from a camera-happy Republican president.

But then (not as now), the main cause of the pound’s weakness against the dollar was the strength of the latter. In…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

Have your say

Log in or register to view or add comments.

For access to the top news and insights from the investment world

REGISTER FREE

Become a Champion Investor for just £90 a year.
 
 

START FREE TRIAL

More Your Money

News Flash: Covid-19 kicks into gear

06/03/2020

News Flash: The end is not nigh

27/02/2020

News Flash: storms, flu and the joys of February

21/02/2020 · Apple