Strong economies have strong currencies because investors want to put their cash into countries where growth prospects are good.
by Szu Ping Chan
Telegraph.co.uk
The pound has plummeted to its lowest level in more than three decades against the dollar in the wake of the Brexit vote.
Here’s why it happened and whether households and businesses should be braced for further falls.
Why has the pound fallen?
The value of the pound is influenced by a number of factors, including growth, interest rates and inflation.
Strong economies have strong currencies because investors want to put their cash into countries where growth prospects are strong.