Tuesday, October 11, 2016

STERLING | Pounded Below $1.23

Chart of exchange rate values over time

Predictions of a hard Brexit and an uptick in the US outlook have brought the pound down to $1.23 from its high near $1.70 two years ago.

This exchange-rate news is good for those in Britain being paid in dollars, like a few people I know... and bad for those in USA being paid in pounds.