Why has the Pound gone down?

[Tom]

Apart from the BoE reducing the base rate from 0.75% to 0.25% is there any other reason why the Pound has sunk from €1.20 four weeks ago to €1.11 today? Surely the base rate reduction has been expected for quite a while.

Hope nobody has any Bitcoins... They have devalued by over 50% in the last four weeks.

[Hal]

All to do with slow down in trade and not wanting to invest in a foreign currency.
Blame macro computing and everyone (it seems) going overboard on a virus.
If you have any spare Euros and have time on your hands, buy som GBP. But might have to be quick, they are doing it already in the stock markets.

[wilbro]

I would also think that the crazy "Viv Nicholson" * budget has something to do with it.

* If you don't know who she is google it.

[Spardo]

I would also think that the crazy "Viv Nicholson" * budget has something to do with it.

* If you don't know who she is google it.

Spend, spend, spend.

Didn't end well though.

[Aardvark]

Am I a bit thick in thinking this wouldn't be an issue if the UK had joined the Euro years ago?

[jsks]

Am I a bit thick in thinking this wouldn't be an issue if the UK had joined the Euro years ago?

No.

[Ally]

And the Euro would be a far stronger currency than it now is.