The falling value of the pound over the decade has had serious financial implications for many institutions and individuals, says Owain Walters, managing director of Ebury Mass Payments. This year has been particularly volatile as the Federal Reserve leads the developed global economy in raising interest rates at a punishingly rapid rate, driving the dollar to outperform most major currencies. Market jitters over the UK's fiscal and monetary plans temporarily saw the pound tumble to record lows following the ex-Chancellors catastrophic ‘Mini-Budget and while a sense of stability has ...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes