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It looks like the GBP has been in decline for years. Here's the last 10 years: http://www.xe.com/currencycharts/?from=GBP&to=USD&view=10Y http://www.xe.com/cur
by ronnier 10y ago
It looks like the GBP has been in decline for years.
Here's the last 10 years:
http://www.xe.com/currencycharts/?from=GBP&to=USD&view=10Y http://www.xe.com/currencycharts/?from=GBP&to=USD&view=10Y
- pawadu 10y agoYes, but you can also see the decline rate increased significantly after Brexit. (not that currency exchange rate is by any means a health indicator)
- pmontra 10y agoThe GBP has been pretty stable against the dollar in normal times. The graph shows two discontinuities: the 2008 crisis and Brexit. There was a stable level at 1.95 in 2007-2008, then a drop and a sinusoid around 1.55 for 8 years, then another drop to lower levels after Brexit. We'll see where it goes from there.