Part 2/8:
Since the end of September, the British pound has been on a downward trajectory, with a significant drop in its value against the US dollar. Currently trading just above 1.21 USD, this marks the lowest exchange rate for the pound in over a year, and a worrying trend that has prompted analysts to revise their estimates multiple times as the situation worsens. When looking at a five-year overview, the current state of the pound reveals an alarming trend. The lowest point recorded since March 2023 serves as a stark reminder of the challenges facing the UK economy.