The precipitous fall in sterling since 23 June, which has seen only the Mozambique New Metical and the Sierra Leone Leone perform worse, was a predictable response to the referendum outcome to leave the EU.
The past week has seen sterling perform the worst of all the world’s currencies. And with the UK Government seemingly careering headlong into a hard Brexit, it looks set to fall further from here.
The past couple of days have seen the first of the economic indicators from the post-Brexit referendum period published. And the news has been predictably depressing.
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