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So almost 10% drop relative to the Euro in addition to both of them falling against the dollar. I wonder what's behind that particular weakness for the pound.

• astonex 4y ago
  The government just announced tax-cuts backed by borrowing, so likely to increase inflation even further.
  • stingraycharles 4y ago
    But isn’t inflation usually an effect that happens after such an event, rather than something that’s being speculated on? Unless large institutions decided to sell their pounds, but that has to be a huge supply of pounds to make such an impact.
    • scott_w 4y ago
      People with money don’t wait for it to become worthless…
    • dageshi 4y ago
      If you can reasonably expect something to be worth less in the future after new information emerges, wouldn't you sell it and buy something else?
• rsynnott 4y ago
  Brexit plus a completely bonkers set of tax cuts. The UK will vastly increase borrowing, to give a tax cut to high income people. The markets are unimpressed.
  • I-M-S 4y ago
    I'll admit I thought this was the kind of thing that impressed the markets? (or at least the people who make the market turn the way it does)