In These New Times

Make Money From Sterling’s Decline Tradefair Financials
THE pound is down. One would hesitate to say the pound has been pounded and taken a pounding.

At one point in trading yesterday, the pound fell to 1.299 euros. That was a record low. Against the US dollar, the pound fell to $1.8005, the lowest for two years.

Bad news for UK travellers making trips overseas. But good news for Britons with holiday homes in Spain and France. And great news for Britain’s exporters, whose goods are now cheaper – so long as there is market for them.

And what about you, gentle punter. How are you baring up as sterling takes a hit?

Did you sell the pound against the dollar when one dollar was worth 50 pence? If you did, and you sold the price at just £1 a point, you made £200, or thereabouts.

George Soros has nothing on you…