The UK pound could face harder times ahead.
British shoppers won’t have seen any difference to the value of their pounds yet, but everything from baked beans to bargain holidays could be affected down the line.
Exports have slowed since Brexit.
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Brexit has not happened yet but the uncertainty unleashed by the vote to leave the EU is already taking its toll.
All the talk about a golden time for UK exporters forgets one crucial point.
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The chips are down.
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SoftBank’s US$32 billion deal for the Cambridge company makes use of the weak pound and may presage more to come.
Global currency markets deliver a tumble for sterling.
Oddly enough, London’s mayor will have been cheered to spark a sell-off in the pound when political colleagues barely raised an eyebrow on skittish markets.
Scotland has lit a fire under sterling.
While Edinburgh and London wrestle over the future of the pound, it has has been sinking. The slide (especially against the US dollar) is widely seen as a knee-jerk reaction to the possibility of Scotland…