Why the pound is falling and how it will affect you

The value of the pound has fallen dramatically this year. If you wanted to exchange £100 into euros today, you'd get roughly 116 euros. But if you had made the transaction on 2nd January, you'd have got around 123 euros. That's a 5% fall in less than a month.

I fear we're in the early stages of a 'currency war' that could destabilise the world economy.

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