One big factor is the strength of the US dollar, which has gained against most currencies this year. The Federal Reserve's historically big interest rate hikes have made the greenback more attractive to international investors, pushing up its value.
But the pound has fallen steadily against the dollar for the past six years, sliding over 23% from $1.44 on the eve of the June 2016 Brexit referendum. It dropped to $1.33 in just two weeks after the vote.
https://markets.businessinsider.com/news...eng-2022-9
They asked for it.
As the saying goes if it ain't broken, don't fix it.
Why is that a surprise ? Only a few english men who understand their empire knows Britain power and wealth was based very much on conquest and brutality...and know AMTK influence will not last...and the fall will come quick and fast. The sooner SGreans understand this, the better for us to adapt and prepare in an ever changing world.
Don't be like those idiots in HK.
"
...if schools taught children about the brutality and exploitation of the British empire as well as the pomp and glory, we might not have had such an inflated opinion of ourselves over the years. Prof Goldin notes “it’s just a question of time before it falls out of the top 10 economies in the world”.
https://inews.co.uk/news/world/the-pound...rs-1887878
How Britain became "Great"....
![[Image: main-qimg-3d6baed49279d624d9d46edaec01eb08-pjlq]](https://qph.cf2.quoracdn.net/main-qimg-3d6baed49279d624d9d46edaec01eb08-pjlq)
![[Image: main-qimg-2921e30678f90e8cb0634d2bfd38e5e7-lq]](https://qph.cf2.quoracdn.net/main-qimg-2921e30678f90e8cb0634d2bfd38e5e7-lq)
Soon you all will be able to employ British maids if you have language difficulties with Indon and Myanmar maids. ....
(03-10-2022, 11:00 AM)theold Wrote: [ -> ]One big factor is the strength of the US dollar, which has gained against most currencies this year. The Federal Reserve's historically big interest rate hikes have made the greenback more attractive to international investors, pushing up its value.
But the pound has fallen steadily against the dollar for the past six years, sliding over 23% from $1.44 on the eve of the June 2016 Brexit referendum. It dropped to $1.33 in just two weeks after the vote.
https://markets.businessinsider.com/news...eng-2022-9
NYT already pointing finger at the US Fed for rising US interest rate to cool down' US inflation, it will attract investors and leading to dearer US$.
https://english.news.cn/20220930/9f2d0ed...3cd/c.html