POUND WISE OR FOOLISH?

19th February 2016

POUND WISE OR FOOLISH?

With Britain to hold a referendum on whether or not to leave the European Union, the implications for the pound have come under the spotlight. The currency has already been falling against the dollar this year and opinion is divided as to the implications of a so-called ‘Brexit’. Some believe it will lead to a material weakening in the pound, while others argue that the currency is said to weaken regardless. Pictured above is a pound coin atop a British five-pound banknote.