As one economic analyst wrote last month - “for as long as I have been following these things, the pound has often been the prism through which the economy’s performance is measured.”
Thus it is, as we approach more Brexit deadline drama, the pound has strengthened slightly against the euro, currently around €1.12 for £1, or conversely 89p for €1 on the foreign exchange market.
For the past four years the pound has suffered its weakest period in history.
We’ll know pretty soon what the market verdict is on Brexit, and it will be writ large in the value of sterling, against the basket of other currencies.Watch that space.
