The fallout since the Brexit referendum has been felt in the media, in equity markets and particularly in currency markets where sterling has come under pressure.
The UK currency appreciated almost 20% between 2013 and 2015. Although the UK referendum date was fixed in 2015, it was only this year that the market started to become nervous about this event, as reflected in a weaker sterling since the start of the year.
However, when the result of the referendum became clear, sterling weakened dramatically, hitting a 31-year low against the US dollar and experiencing its biggest ever one-day fall on Friday, 24 June.
Although it has since stabilised, it’s now about 14-16% weaker against the euro and US dollar when compared to the start of the year.