This is a question I have asked before, but have still received no satisfactory answer.
Why, if our economy is in stronger shape than our main competitors (as the PM constantly reminds us), has our currency lost 14% of its value against the currencies of those competitors in the last fifteen months? It's now at its lowest point ever against the euro, and has plumetted to $1.79 - twenty three cents lower than a year ago.
If our economy is in such strong shape, surely the Pound should be strengthening?
And why do people constanstly talk about it all being the fault of the US economy, when in the last quarter their economy grew by 3%. Ours remains static.