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8 Highest-Paying MBA Specialisations in 2023
May 22, 2023
January 14, 2025
By Evans Momodu
1 minute read
The pound has weakened against 51 out of 54 major currencies, which has notable implications—particularly for Britons travelling abroad, as their holiday money will now stretch less.
According to data from travel money specialists No1 Currency, the pound has declined against most popular currencies since late October.
This period coincides with Rachel Reeves presenting her first budget. However, while there is a correlation, it would be an oversimplification to attribute the decline solely to this event.
Other significant factors include Donald Trump’s election victory and his promise to impose tariffs. Combined with strong U.S. job data, these developments have reduced expectations of U.S. interest rate cuts, thereby strengthening the dollar, as higher interest rates tend to attract investors.
Source: Sky news
